Allred Capital Management LLC raised its position in American Airlines Group Inc (NASDAQ:AAL) by 27.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,800 shares of the airline’s stock after acquiring an additional 3,000 shares during the quarter. Allred Capital Management LLC’s holdings in American Airlines Group were worth $169,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in AAL. Valeo Financial Advisors LLC lifted its stake in shares of American Airlines Group by 238.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,168 shares of the airline’s stock worth $28,000 after buying an additional 1,528 shares during the last quarter. Lake Point Wealth Management lifted its stake in shares of American Airlines Group by 94.6% during the 1st quarter. Lake Point Wealth Management now owns 2,687 shares of the airline’s stock worth $33,000 after buying an additional 1,306 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of American Airlines Group by 476.1% during the 2nd quarter. Global Retirement Partners LLC now owns 2,719 shares of the airline’s stock worth $36,000 after buying an additional 2,247 shares during the last quarter. Rockbridge Investment Management LCC acquired a new stake in shares of American Airlines Group during the 2nd quarter worth about $37,000. Finally, Bessemer Group Inc. lifted its stake in shares of American Airlines Group by 430.6% during the 2nd quarter. Bessemer Group Inc. now owns 2,929 shares of the airline’s stock worth $38,000 after buying an additional 2,377 shares during the last quarter. Hedge funds and other institutional investors own 55.68% of the company’s stock.
AAL has been the subject of a number of research reports. 140166 cut shares of American Airlines Group from a “neutral” rating to a “negative” rating and set a $8.00 target price for the company. in a research note on Tuesday, October 13th. Cowen restated a “buy” rating on shares of American Airlines Group in a research note on Wednesday, June 24th. Stifel Nicolaus cut their target price on shares of American Airlines Group from $14.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Berenberg Bank cut shares of American Airlines Group from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $14.00 to $10.00 in a research note on Wednesday, September 2nd. Finally, BidaskClub upgraded shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 9th. Eleven research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.40.
AAL stock opened at $12.46 on Friday. American Airlines Group Inc has a 12 month low of $8.25 and a 12 month high of $31.67. The firm has a market cap of $6.34 billion, a P/E ratio of -1.53 and a beta of 1.76. The company’s 50-day moving average price is $12.97 and its two-hundred day moving average price is $12.39.
American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, July 23rd. The airline reported ($7.82) EPS for the quarter, missing the consensus estimate of ($7.03) by ($0.79). American Airlines Group had a negative net margin of 10.40% and a negative return on equity of 124.31%. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business earned $1.82 earnings per share. American Airlines Group’s quarterly revenue was down 86.4% compared to the same quarter last year. As a group, equities research analysts forecast that American Airlines Group Inc will post -19.55 EPS for the current fiscal year.
American Airlines Group 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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