Great Lakes Advisors LLC boosted its position in American Airlines Group Inc. (NASDAQ:AAL) by 1,522.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,870 shares of the airline’s stock after acquiring an additional 150,019 shares during the quarter. Great Lakes Advisors LLC’s holdings in American Airlines Group were worth $3,391,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. E Fund Management Co. Ltd. bought a new position in American Airlines Group in the first quarter valued at about $27,000. O Shaughnessy Asset Management LLC grew its holdings in shares of American Airlines Group by 86.1% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 1,351 shares of the airline’s stock valued at $29,000 after purchasing an additional 625 shares during the last quarter. Meridian Wealth Partners LLC acquired a new position in American Airlines Group during the 1st quarter worth approximately $34,000. Capital Analysts LLC increased its position in American Airlines Group by 50.0% during the 2nd quarter. Capital Analysts LLC now owns 1,650 shares of the airline’s stock worth $35,000 after purchasing an additional 550 shares in the last quarter. Finally, Atlas Private Wealth Advisors lifted its stake in American Airlines Group by 444.4% in the 2nd quarter. Atlas Private Wealth Advisors now owns 2,450 shares of the airline’s stock valued at $52,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 53.32% of the company’s stock.
Several brokerages have recently issued reports on AAL. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a report on Friday, July 23rd. MKM Partners assumed coverage on American Airlines Group in a report on Thursday, June 10th. They issued a “buy” rating and a $29.00 target price for the company. The Goldman Sachs Group cut their price target on American Airlines Group from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 7th. boosted their price target on American Airlines Group from $21.00 to $21.50 and gave the stock a “sell” rating in a report on Monday, June 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $23.00 price objective on shares of American Airlines Group in a report on Friday, August 6th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and an average target price of $20.73.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Wednesday, July 21st. The airline reported ($1.69) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.71) by $0.02. The business had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.48 billion. The business’s revenue was up 361.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($7.82) earnings per share. As a group, analysts anticipate that American Airlines Group Inc. will post -6.89 earnings per share for the current year.
American Airlines Group Company Profile
American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific.
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