53,886 Shares in American Airlines Group Inc. (NASDAQ:AAL) Acquired by Watts Gwilliam & Co. LLC

Watts Gwilliam & Co. LLC bought a new stake in American Airlines Group Inc. (NASDAQ:AAL) during the 3rd quarter, HoldingsChannel reports. The fund bought 53,886 shares of the airline’s stock, valued at approximately $642,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Par Capital Management Inc. increased its holdings in shares of American Airlines Group by 0.4% in the fourth quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock valued at $34,496,000 after buying an additional 10,600 shares in the last quarter. Quarry LP acquired a new stake in shares of American Airlines Group during the fourth quarter worth $34,000. Virtu Financial LLC boosted its position in shares of American Airlines Group by 529.8% in the 4th quarter. Virtu Financial LLC now owns 80,330 shares of the airline’s stock valued at $1,104,000 after purchasing an additional 67,576 shares during the period. EP Wealth Advisors LLC increased its stake in American Airlines Group by 8.2% in the 4th quarter. EP Wealth Advisors LLC now owns 28,187 shares of the airline’s stock worth $387,000 after purchasing an additional 2,145 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new stake in American Airlines Group during the 4th quarter worth about $179,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AAL. TD Cowen boosted their price target on shares of American Airlines Group from $7.00 to $9.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Susquehanna increased their price objective on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday. Jefferies Financial Group boosted their target price on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. cut their price target on American Airlines Group from $21.00 to $15.00 in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $13.09.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $11.76 on Friday. The firm has a fifty day moving average price of $10.63 and a two-hundred day moving average price of $11.94. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $16.15.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The business had revenue of $14.33 billion for the quarter, compared to the consensus estimate of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $1.92 earnings per share. As a group, analysts expect that American Airlines Group Inc. will post 1.22 EPS for the current fiscal year.

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.