Farr Miller & Washington LLC DC lowered its stake in American Airlines Group Inc. (NASDAQ:AAL) by 32.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,500 shares of the airline’s stock after selling 4,500 shares during the quarter. Farr Miller & Washington LLC DC’s holdings in American Airlines Group were worth $227,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC bought a new position in shares of American Airlines Group in the first quarter worth about $26,000. AdvisorNet Financial Inc raised its holdings in American Airlines Group by 171.7% in the 1st quarter. AdvisorNet Financial Inc now owns 1,076 shares of the airline’s stock valued at $26,000 after buying an additional 680 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in American Airlines Group in the 4th quarter valued at approximately $27,000. E Fund Management Co. Ltd. bought a new position in American Airlines Group in the 1st quarter valued at approximately $27,000. Finally, First Command Bank bought a new position in American Airlines Group in the 1st quarter valued at approximately $33,000. 51.23% of the stock is owned by hedge funds and other institutional investors.
NASDAQ AAL opened at $21.40 on Thursday. The company has a fifty day simple moving average of $22.37. American Airlines Group Inc. has a 12-month low of $10.63 and a 12-month high of $26.09. The firm has a market cap of $13.73 billion, a P/E ratio of -1.40 and a beta of 1.83.
A number of brokerages recently issued reports on AAL. Jefferies Financial Group upgraded shares of American Airlines Group from an “underperform” rating to a “hold” rating and raised their price objective for the company from $15.00 to $25.00 in a report on Tuesday, March 30th. MKM Partners began coverage on shares of American Airlines Group in a report on Thursday, June 10th. They issued a “buy” rating and a $29.00 price objective for the company. Morgan Stanley increased their target price on shares of American Airlines Group from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, July 8th. increased their target price on shares of American Airlines Group from $21.00 to $21.50 and gave the company a “sell” rating in a research report on Monday, June 14th. Finally, Raymond James raised shares of American Airlines Group from an “underperform” rating to a “market perform” rating in a research report on Friday, April 23rd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.71.
About American Airlines Group
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.
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