HighPoint Advisor Group LLC Makes New $179,000 Investment in American Airlines Group Inc. (NASDAQ:AAL)

HighPoint Advisor Group LLC purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,997 shares of the airline’s stock, valued at approximately $179,000.

Several other large investors also recently modified their holdings of the stock. Federated Hermes Inc. raised its holdings in shares of American Airlines Group by 32.2% in the 4th quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock worth $57,000 after acquiring an additional 1,003 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of American Airlines Group by 11.0% in the fourth quarter. Global Retirement Partners LLC now owns 10,912 shares of the airline’s stock valued at $144,000 after purchasing an additional 1,078 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of American Airlines Group by 5.2% during the fourth quarter. QRG Capital Management Inc. now owns 21,904 shares of the airline’s stock valued at $301,000 after buying an additional 1,084 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in American Airlines Group by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 293,480 shares of the airline’s stock worth $3,759,000 after buying an additional 1,110 shares in the last quarter. Finally, Comerica Bank raised its position in American Airlines Group by 1.6% in the 4th quarter. Comerica Bank now owns 92,853 shares of the airline’s stock valued at $1,276,000 after buying an additional 1,425 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. HSBC initiated coverage on shares of American Airlines Group in a report on Monday, May 13th. They set a “buy” rating and a $17.90 price target on the stock. Seaport Res Ptn downgraded American Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Bank of America decreased their price target on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a research report on Wednesday, May 29th. Jefferies Financial Group cut American Airlines Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $17.00 to $12.00 in a research report on Wednesday, May 29th. Finally, Susquehanna decreased their target price on American Airlines Group from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, American Airlines Group presently has a consensus rating of “Hold” and an average target price of $16.53.

American Airlines Group Stock Down 0.4 %

NASDAQ:AAL opened at $11.20 on Friday. American Airlines Group Inc. has a twelve month low of $10.86 and a twelve month high of $19.08. The stock has a market cap of $7.35 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 0.19 and a beta of 1.49. The firm’s fifty day simple moving average is $13.15 and its 200 day simple moving average is $13.93.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The firm had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 earnings per share. On average, analysts expect that American Airlines Group Inc. will post 2.14 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.