IHT Wealth Management LLC Sells 5,226 Shares of American Airlines Group Inc. (NASDAQ:AAL)

IHT Wealth Management LLC lowered its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 34.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,081 shares of the airline’s stock after selling 5,226 shares during the quarter. IHT Wealth Management LLC’s holdings in American Airlines Group were worth $113,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AAL. Integrated Wealth Concepts LLC boosted its position in American Airlines Group by 7.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 33,716 shares of the airline’s stock valued at $379,000 after buying an additional 2,278 shares during the last quarter. Centiva Capital LP boosted its holdings in American Airlines Group by 199.9% in the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock valued at $1,678,000 after acquiring an additional 99,513 shares during the last quarter. Coastwise Capital Group LLC boosted its holdings in American Airlines Group by 5.3% in the third quarter. Coastwise Capital Group LLC now owns 37,840 shares of the airline’s stock valued at $425,000 after acquiring an additional 1,900 shares during the last quarter. Benjamin Edwards Inc. bought a new position in American Airlines Group in the third quarter valued at about $128,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of American Airlines Group in the 3rd quarter valued at about $1,714,000. Institutional investors own 52.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AAL shares. JPMorgan Chase & Co. raised their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Evercore ISI raised their price target on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. UBS Group lowered American Airlines Group from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Tuesday, November 26th. TD Cowen raised their target price on American Airlines Group from $10.00 to $17.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, American Airlines Group has an average rating of “Hold” and an average target price of $15.52.

American Airlines Group Stock Performance

NASDAQ AAL opened at $17.49 on Wednesday. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 53.00, a PEG ratio of 0.30 and a beta of 1.41. The stock’s 50 day moving average price is $13.69 and its two-hundred day moving average price is $11.85. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $18.20.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts forecast that American Airlines Group Inc. will post 1.53 EPS for the current year.

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.