Cwm LLC Lowers Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Cwm LLC lowered its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 18.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,481 shares of the airline’s stock after selling 4,544 shares during the period. Cwm LLC’s holdings in American Airlines Group were worth $314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of American Airlines Group in the fourth quarter valued at $27,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of American Airlines Group in the third quarter valued at $33,000. Quarry LP purchased a new stake in shares of American Airlines Group in the fourth quarter valued at $34,000. GAMMA Investing LLC purchased a new stake in American Airlines Group during the fourth quarter valued at about $38,000. Finally, Baystate Wealth Management LLC grew its position in American Airlines Group by 267.1% during the fourth quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock valued at $54,000 after acquiring an additional 2,855 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $11.20 on Friday. American Airlines Group Inc. has a one year low of $10.86 and a one year high of $19.08. The business’s 50-day simple moving average is $13.15 and its 200 day simple moving average is $13.93. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 0.19 and a beta of 1.49.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on AAL shares. Seaport Res Ptn downgraded American Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. UBS Group started coverage on American Airlines Group in a research report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price target for the company. HSBC started coverage on American Airlines Group in a research report on Monday, May 13th. They set a “buy” rating and a $17.90 price target for the company. Susquehanna lowered their price target 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. Finally, JPMorgan Chase & Co. lowered their price target on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $16.53.

American Airlines Group 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.