GoalVest Advisory LLC Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

GoalVest Advisory LLC acquired a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 2,503 shares of the airline’s stock, valued at approximately $38,000.

Several other hedge funds have also recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC acquired a new position in American Airlines Group in the 4th quarter worth approximately $27,000. DekaBank Deutsche Girozentrale acquired a new position in American Airlines Group in the 3rd quarter worth approximately $33,000. Quarry LP acquired a new position in American Airlines Group in the 4th quarter worth approximately $34,000. GAMMA Investing LLC acquired a new position in American Airlines Group in the 4th quarter worth approximately $38,000. Finally, Baystate Wealth Management LLC increased its holdings in American Airlines Group by 267.1% in the 4th quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock worth $54,000 after buying an additional 2,855 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AAL shares. Bank of America cut their price target on shares of American Airlines Group from $12.00 to $11.00 and set an “underperform” rating on the stock in a report on Wednesday, May 29th. Seaport Res Ptn lowered American Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. UBS Group assumed coverage on American Airlines Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price objective on the stock. Susquehanna lowered their price objective on American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. lowered their price objective on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, American Airlines Group has a consensus rating of “Hold” and a consensus target price of $16.53.

American Airlines Group Stock Performance

Shares of AAL stock opened at $11.28 on Friday. The stock’s fifty day moving average is $12.96 and its two-hundred day moving average is $13.86. The firm has a market capitalization of $7.40 billion, a P/E ratio of 18.80, a PEG ratio of 0.20 and a beta of 1.49. American Airlines Group Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $19.08.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The firm had revenue of $12.57 billion during the quarter, compared to analysts’ expectations of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. On average, equities analysts forecast that American Airlines Group Inc. will post 2.07 earnings per share for the current year.

American Airlines Group Profile

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, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.