American Airlines Group Inc. (NASDAQ:AAL) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 20.2% during the third quarter, Holdings Channel reports. The firm owned 12,663 shares of the airline’s stock after purchasing an additional 2,128 shares during the period. Concurrent Investment Advisors LLC’s holdings in American Airlines Group were worth $142,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AAL. Beaird Harris Wealth Management LLC increased its holdings in shares of American Airlines Group by 51.3% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after buying an additional 795 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of American Airlines Group by 4.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock valued at $359,000 after purchasing an additional 978 shares during the period. CWM LLC raised its holdings in American Airlines Group by 5.2% during the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after buying an additional 1,059 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in shares of American Airlines Group by 8.2% in the second quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after buying an additional 1,126 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

American Airlines Group stock opened at $13.91 on Wednesday. The business’s 50-day simple moving average is $12.08 and its 200-day simple moving average is $11.74. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $16.15. The firm has a market capitalization of $9.14 billion, a PE ratio of 42.15, a PEG ratio of 0.25 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. Research analysts forecast that American Airlines Group Inc. will post 1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Jefferies Financial Group lifted their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. TD Securities cut their price target on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. JPMorgan Chase & Co. boosted their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Evercore ISI raised their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.49.

American Airlines Group Company 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.