Westbourne Investment Advisors Inc. reduced its position in American Airlines Group Inc (NASDAQ:AAL) by 5.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,165 shares of the airline’s stock after selling 455 shares during the period. Westbourne Investment Advisors Inc.’s holdings in American Airlines Group were worth $259,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Thrivent Financial for Lutherans increased its holdings in American Airlines Group by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 18,212 shares of the airline’s stock valued at $585,000 after purchasing an additional 321 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in American Airlines Group by 1.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 29,427 shares of the airline’s stock valued at $945,000 after purchasing an additional 329 shares in the last quarter. Accurate Investment Solutions Inc. raised its position in American Airlines Group by 100.0% during the first quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of American Airlines Group by 0.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 59,641 shares of the airline’s stock worth $1,915,000 after buying an additional 414 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in American Airlines Group by 4.9% during the fourth quarter. Park Avenue Securities LLC now owns 9,461 shares of the airline’s stock valued at $301,000 after acquiring an additional 440 shares during the last quarter. 81.47% of the stock is currently owned by institutional investors.

Shares of AAL stock traded down $0.65 during trading hours on Monday, reaching $34.04. 269,216 shares of the stock were exchanged, compared to its average volume of 7,034,775. American Airlines Group Inc has a 12-month low of $28.81 and a 12-month high of $48.38. The firm has a market capitalization of $15.51 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 1.12 and a beta of 1.53.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 24th. The airline reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.03. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. The business had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.94 billion. During the same period in the prior year, the company earned $0.95 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that American Airlines Group Inc will post 5.8 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on AAL. Zacks Investment Research raised shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a research report on Monday. BidaskClub raised shares of American Airlines Group from a “sell” rating to a “hold” rating in a report on Saturday. Cowen cut their price target on shares of American Airlines Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, April 9th. Bank of America reiterated a “buy” rating and issued a $39.00 target price (down previously from $42.00) on shares of American Airlines Group in a research report on Thursday, April 4th. Finally, Imperial Capital restated an “outperform” rating and issued a $43.00 price objective (down previously from $46.00) on shares of American Airlines Group in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $45.74.

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American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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