State of Alaska Department of Revenue boosted its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,819 shares of the airline’s stock after purchasing an additional 2,563 shares during the quarter. State of Alaska Department of Revenue’s holdings in American Airlines Group were worth $2,153,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Accurate Investment Solutions Inc. grew its holdings in American Airlines Group by 100.0% during the 1st quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock worth $25,000 after acquiring an additional 400 shares during the last quarter. IMS Capital Management bought a new stake in American Airlines Group during the 3rd quarter worth about $35,000. Signet Investment Advisory Group Inc. acquired a new position in American Airlines Group during the 4th quarter valued at about $32,000. Capital Investment Advisory Services LLC acquired a new position in American Airlines Group during the 4th quarter valued at about $32,000. Finally, JNBA Financial Advisors acquired a new position in American Airlines Group during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 81.46% of the company’s stock.
A number of research analysts have issued reports on AAL shares. Macquarie set a $53.00 target price on shares of American Airlines Group and gave the company a “buy” rating in a research report on Tuesday, January 29th. Citigroup cut their price target on shares of American Airlines Group from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, March 8th. Bank of America reiterated a “buy” rating and issued a $39.00 price target (down from $42.00) on shares of American Airlines Group in a research report on Thursday, April 4th. Deutsche Bank downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and increased their price target for the company from $28.81 to $35.63 in a research report on Friday, March 1st. Finally, Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.74.
NASDAQ AAL opened at $34.03 on Wednesday. American Airlines Group Inc has a 52-week low of $28.81 and a 52-week high of $48.38. The company has a market cap of $15.16 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 1.10 and a beta of 1.53.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $10.94 billion. During the same period in the prior year, the business earned $0.95 EPS. American Airlines Group’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts anticipate that American Airlines Group Inc will post 5.74 earnings per share for the current year.
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American Airlines Group 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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