CX Institutional Purchases New Stake in American Airlines Group Inc. (NASDAQ:AAL)

CX Institutional acquired a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,037 shares of the airline’s stock, valued at approximately $46,000.

Other large investors also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of American Airlines Group during the fourth quarter worth $27,000. Quarry LP acquired a new position in shares of American Airlines Group during the 4th quarter worth approximately $34,000. Beaird Harris Wealth Management LLC increased its holdings in shares of American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after purchasing an additional 795 shares during the period. GAMMA Investing LLC acquired a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $38,000. Finally, GoalVest Advisory LLC bought a new stake in shares of American Airlines Group in the first quarter valued at approximately $38,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Performance

Shares of American Airlines Group stock traded down $0.02 during trading hours on Friday, reaching $9.87. The company’s stock had a trading volume of 13,293,854 shares, compared to its average volume of 34,799,121. The company has a market capitalization of $6.48 billion, a P/E ratio of 16.48, a P/E/G ratio of 0.21 and a beta of 1.44. The stock’s fifty day simple moving average is $10.92 and its two-hundred day simple moving average is $13.19. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.15.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The business had revenue of $14.33 billion during the quarter, compared to analyst estimates of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. American Airlines Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 EPS. As a group, research analysts forecast that American Airlines Group Inc. will post 0.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AAL shares. Barclays lowered their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. TD Cowen downgraded American Airlines Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $16.00 to $10.00 in a research note on Wednesday, July 17th. Susquehanna reduced their price objective on shares of American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. Citigroup dropped their target price on shares of American Airlines Group from $20.00 to $16.50 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, Seaport Res Ptn downgraded American Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.80.

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.