C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires Shares of 10,302 American Airlines Group Inc. (NASDAQ:AAL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,302 shares of the airline’s stock, valued at approximately $158,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of AAL. U S Global Investors Inc. lifted its holdings in shares of American Airlines Group by 18.7% during the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after buying an additional 2,001,247 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of American Airlines Group by 7,871.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock worth $24,211,000 after purchasing an additional 1,739,977 shares during the period. Norges Bank bought a new position in shares of American Airlines Group in the fourth quarter worth $22,819,000. Vanguard Group Inc. increased its position in shares of American Airlines Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock worth $1,010,566,000 after purchasing an additional 667,660 shares during the period. Finally, Deutsche Bank AG increased its position in shares of American Airlines Group by 78.7% in the third quarter. Deutsche Bank AG now owns 1,050,918 shares of the airline’s stock worth $13,462,000 after purchasing an additional 462,774 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Down 5.1 %

AAL traded down $0.57 during trading on Thursday, hitting $10.58. The company’s stock had a trading volume of 34,433,972 shares, compared to its average volume of 33,575,098. American Airlines Group Inc. has a twelve month low of $10.34 and a twelve month high of $19.08. The stock’s fifty day moving average price is $12.44 and its 200-day moving average price is $13.66. The firm has a market capitalization of $6.94 billion, a P/E ratio of 17.43, a PEG ratio of 0.20 and a beta of 1.44.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same period last year, the firm posted $0.05 earnings per share. American Airlines Group’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts expect that American Airlines Group Inc. will post 1.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AAL shares. Sanford C. Bernstein raised their price target on American Airlines Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Jefferies Financial Group cut American Airlines Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $17.00 to $12.00 in a research report on Wednesday, May 29th. Morgan Stanley decreased their target price on 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. UBS Group started coverage on American Airlines Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 target price on the stock. Finally, TD Cowen decreased their target price on American Airlines Group from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, American Airlines Group presently has an average rating of “Hold” and a consensus target price of $16.28.

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.