Posted by Defense World Staff on Aug 17th, 2024
ORG Partners LLC purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,228 shares of the airline’s stock, valued at approximately $36,000.
A number of other large investors also recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC purchased a new position in shares of American Airlines Group in the 4th quarter worth $27,000. Quarry LP acquired a new stake in American Airlines Group during the fourth quarter worth about $34,000. Beaird Harris Wealth Management LLC raised its holdings in shares of American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after purchasing an additional 795 shares during the period. GAMMA Investing LLC purchased a new stake in shares of American Airlines Group during the 4th quarter worth about $38,000. Finally, GoalVest Advisory LLC acquired a new stake in American Airlines Group during the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Morgan Stanley reduced their price target on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, June 3rd. Evercore ISI decreased their price target on shares of American Airlines Group to $10.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Sanford C. Bernstein lowered American Airlines Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Evercore reduced their price objective on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. Finally, HSBC assumed coverage on American Airlines Group in a research note on Monday, May 13th. They issued a “buy” rating and a $17.90 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, American Airlines Group currently has an average rating of “Hold” and a consensus target price of $13.80.
Get Our Latest Analysis on American Airlines Group
American Airlines Group Price Performance
NASDAQ AAL opened at $10.05 on Friday. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 0.21 and a beta of 1.44. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $16.15. The company’s fifty day moving average price is $10.69 and its two-hundred day moving average price is $12.97.
American Airlines Group (NASDAQ:AAL – Get Free Report) last released its earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company had revenue of $14.33 billion for the quarter, compared to the consensus estimate of $14.38 billion. During the same quarter last year, the business posted $1.92 EPS. American Airlines Group’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, analysts anticipate that American Airlines Group Inc. will post 0.96 EPS 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.
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