Coastal Investment Advisors Inc. acquired a new position in the shares of American Airlines Group Inc. (NASDAQ: AAL – Get Rating) in the first quarter, according to the latest announcement of the Securities and Exchange Commission (SEC). The institutional investor acquired 12,050 shares of the airline’s shares worth approximately $ 220,000.
Other institutional investors have also recently changed their holdings in the company. Cullen Frost Bankers Inc. increased its position in American Airlines Group by 23.2% in the fourth quarter. Cullen Frost Bankers Inc. already owns 3,392 shares of the airline’s stock worth $ 61,000 after buying an additional 638 shares in the last quarter. Douglas Lane & Associates LLC increased its position in the American Airlines Group by 0.3% in the fourth quarter. Douglas Lane & Associates LLC now owns 216,155 shares of the airline worth $ 3,882,000 after buying an additional 702 shares in the last quarter. Bessemer Group Inc. increased its position in American Airlines Group by 22.1% in the fourth quarter. Bessemer Group Inc. now owns 4,298 shares of the airline’s stock worth $ 77,000 after buying an additional 778 shares in the last quarter. Fernwood Investment Management LLC increased its position in the American Airlines Group by 1.6% in the fourth quarter. Fernwood Investment Management LLC already owns 50,379 shares of the airline worth $ 905,000 after buying an additional 782 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in the American Airlines Group by 1.5% in the fourth quarter. CIBC Asset Management Inc now owns 57,905 shares of the airline worth $ 1,040,000 after purchasing an additional 865 shares in the last quarter. 53.70% of the shares are currently owned by hedge funds and other institutional investors.
The NASDAQ AAL opened at $ 13.90 on Friday. American Airlines Group Inc. has a 52-week low of $ 11.93 and a 52-week high of $ 22.48. The company has a 50-day moving average of $ 16.67 and a 200-day moving average of $ 17.06.
American Airlines Group (NASDAQ: AAL – Get Rating) last released its quarterly earnings data on Thursday, April 21. The airline reported ($ 2.32) earnings per share for the quarter, beating the consensus estimate of ($ 2.43) by $ 0.11. The business had revenue of $ 8.90 billion in the quarter, compared to analysts’ estimates of $ 8.82 billion. In the same quarter last year, the company earned ($ 4.32) EPS. American Airlines Group’s revenue for the quarter increased 122.0% compared to the same quarter last year. As a group, stock research analysts expect American Airlines Group Inc. will report -1.34 earnings per share for the current year.
A number of research firms have recently weighed AAL. Argus raised American Airlines Group shares from a hold to a buy rating and set a target price of $ 24.00 for the company in a research report on Friday (April 22nd). Deutsche Bank Aktiengesellschaft raised its US Airlines Group share price target from $ 23.00 to $ 25.00 and gave the company a buy rating in a research report on Friday (April 22nd). Seaport Res Ptn downgraded the shares of American Airlines Group from “buy” to “neutral” in a research report on Monday, March 7. Goldman Sachs Group lowered its US Airlines Group share price target from $ 14.00 to $ 12.00 and set a sales rating for the company in a research report on Wednesday (March 16th). Finally, JPMorgan Chase & Co. raised American Airlines Group shares from “under weight” to “neutral” and raised its price target for the company from $ 18.00 to $ 26.00 in a research report on Friday, April 22. Two research analysts rated the shares with a rating for sale, nine assigned a rating for retention and four gave a rating for the purchase of the company’s shares. According to MarketBeat, the shares currently have an average Hold rating and an average target price of $ 20.71.
About American Airlines Group (Get a rating)
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transport services for passengers and cargo through its centers in Charlotte, Chicago, Dallas / Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, as well as through partner portals in London, Madrid, Seattle. Tacoma, Sydney and Tokyo.
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