Northwestern Mutual Wealth Management Co. raised its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL – Get Rating) by 22.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,636 shares of the airline’s stock after purchasing an additional 13,613 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in American Airlines Group were worth $1,344,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. U S Global Investors Inc. grew its stake in American Airlines Group by 15.7% during the 1st quarter. U S Global Investors Inc. now owns 20,750,111 shares of the airline’s stock valued at $378,690,000 after purchasing an additional 2,822,450 shares in the last quarter. Geode Capital Management LLC lifted its holdings in American Airlines Group by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 12,169,912 shares of the airline’s stock worth $218,247,000 after buying an additional 44,225 shares during the last quarter. Invesco Ltd. lifted its holdings in American Airlines Group by 10.0% during the 4th quarter. Invesco Ltd. now owns 5,864,681 shares of the airline’s stock worth $105,330,000 after buying an additional 531,471 shares during the last quarter. Northern Trust Corp lifted its holdings in American Airlines Group by 0.7% during the 4th quarter. Northern Trust Corp now owns 5,031,787 shares of the airline’s stock worth $90,371,000 after buying an additional 33,569 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in American Airlines Group by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,729,555 shares of the airline’s stock worth $84,943,000 after buying an additional 84,962 shares during the last quarter. Institutional investors and hedge funds own 53.70% of the company’s stock.
American Airlines Group Trading Down 3.5 %
Shares of AAL stock opened at $14.96 on Thursday. American Airlines Group Inc. has a 1 year low of $11.93 and a 1 year high of $22.35. The business’s fifty day moving average is $14.03 and its 200-day moving average is $16.12.
American Airlines Group (NASDAQ:AAL – Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The airline reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.03). The firm had revenue of $13.42 billion during the quarter, compared to the consensus estimate of $13.40 billion. During the same quarter in the previous year, the business posted ($1.69) EPS. The business’s revenue for the quarter was up 79.5% compared to the same quarter last year. As a group, sell-side analysts expect that American Airlines Group Inc. will post -0.94 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have commented on the company. Argus downgraded American Airlines Group from a “buy” rating to a “hold” rating in a report on Friday, July 8th. JPMorgan Chase & Co. raised American Airlines Group from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $18.00 to $26.00 in a report on Friday, April 22nd. Melius assumed coverage on American Airlines Group in a report on Monday. They issued a “hold” rating on the stock. Evercore ISI cut their price target on American Airlines Group from $20.00 to $13.00 and set an “in-line” rating on the stock in a report on Monday, June 27th. Finally, Citigroup cut their price target on American Airlines Group from $22.00 to $15.75 in a report on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.56.
American Airlines Group Company Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Madrid, Seattle/Tacoma, Sydney, and Tokyo.
Receive News & Ratings for American Airlines Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for American Airlines Group and related companies with MarketBeat.com’s FREE daily email newsletter.