Legacy Financial Advisors Inc. Invests $554,000 in American Airlines Group Inc. (NASDAQ:AAL)

Legacy Financial Advisors Inc. purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 40,285 shares of the airline’s stock, valued at approximately $554,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empirical Finance LLC raised its position in American Airlines Group by 13.2% during the 3rd quarter. Empirical Finance LLC now owns 21,159 shares of the airline’s stock valued at $271,000 after purchasing an additional 2,462 shares in the last quarter. Oak Thistle LLC bought a new position in shares of American Airlines Group in the 4th quarter worth $1,171,000. Assenagon Asset Management S.A. raised its position in shares of American Airlines Group by 7,871.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock worth $24,211,000 after acquiring an additional 1,739,977 shares in the last quarter. Compagnie Lombard Odier SCmA raised its position in shares of American Airlines Group by 15.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 38,500 shares of the airline’s stock worth $529,000 after acquiring an additional 5,067 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of American Airlines Group by 1,291.7% in the 4th quarter. International Assets Investment Management LLC now owns 215,372 shares of the airline’s stock worth $29,590,000 after acquiring an additional 199,897 shares in the last quarter. 52.44% of the stock is owned by institutional investors.

American Airlines Group Trading Down 0.1 %

AAL stock traded down $0.01 during midday trading on Friday, hitting $13.85. 22,056,624 shares of the company’s stock were exchanged, compared to its average volume of 33,965,764. The business has a 50-day simple moving average of $14.34 and a two-hundred day simple moving average of $13.68. The stock has a market capitalization of $9.09 billion, a PE ratio of 23.08, a P/E/G ratio of 0.20 and a beta of 1.57. American Airlines Group Inc. has a 1-year low of $10.86 and a 1-year high of $19.08.

American Airlines Group (NASDAQ:AAL) last issued 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). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The firm had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same period in the previous year, the firm posted $0.05 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts expect that American Airlines Group Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

AAL has been the subject of several recent research reports. Sanford C. Bernstein boosted their price target on American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. upped their target price on American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. TD Cowen raised American Airlines Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $14.00 to $21.00 in a research report on Friday, January 26th. Barclays upped their target price on American Airlines Group from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. Finally, Citigroup reaffirmed a “buy” rating and set a $20.00 target price on shares of American Airlines Group in a research report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.53.

About American Airlines Group

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.