Westbourne Investment Advisors Inc. trimmed its holdings in American Airlines Group Inc (NASDAQ:AAL) by 5.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,165 shares of the airline’s stock after selling 455 shares during the period. Westbourne Investment Advisors Inc.’s holdings in American Airlines Group were worth $259,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Accurate Investment Solutions Inc. grew its stake in American Airlines Group by 100.0% during the 1st quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock worth $25,000 after buying an additional 400 shares during the last quarter. Signet Investment Advisory Group Inc. bought a new position in shares of American Airlines Group in the 4th quarter worth $32,000. Capital Investment Advisory Services LLC bought a new position in shares of American Airlines Group in the 4th quarter worth $32,000. JNBA Financial Advisors bought a new position in American Airlines Group during the fourth quarter worth about $32,000. Finally, IMS Capital Management bought a new position in American Airlines Group during the third quarter worth about $35,000. 81.47% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on AAL shares. Imperial Capital lowered their price target on American Airlines Group from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Cowen restated an “outperform” rating and issued a $42.00 price objective (down from $43.00) on shares of American Airlines Group in a report on Thursday, January 10th. ValuEngine cut shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Friday, January 11th. Macquarie set a $53.00 price objective on shares of American Airlines Group and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Finally, Vertical Research assumed coverage on shares of American Airlines Group in a research report on Monday, February 4th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $45.74.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. The business had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.94 billion. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 EPS. On average, equities analysts expect that American Airlines Group Inc will post 5.8 earnings per share for the current fiscal year.
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American Airlines Group Company Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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