Integrated Wealth Concepts LLC Raises Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Integrated Wealth Concepts LLC raised its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 7.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 33,716 shares of the airline’s stock after purchasing an additional 2,278 shares during the period. Integrated Wealth Concepts LLC’s holdings in American Airlines Group were worth $379,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. CWM LLC increased its stake in shares of American Airlines Group by 5.2% in the second quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after buying an additional 1,059 shares during the period. SG Americas Securities LLC increased its stake in shares of American Airlines Group by 132.8% during the second quarter. SG Americas Securities LLC now owns 147,877 shares of the airline’s stock valued at $1,675,000 after buying an additional 598,941 shares during the period. Wedmont Private Capital bought a new position in shares of American Airlines Group during the second quarter valued at approximately $115,000. V Square Quantitative Management LLC lifted its stake in American Airlines Group by 32.9% in the second quarter. V Square Quantitative Management LLC now owns 18,565 shares of the airline’s stock worth $210,000 after acquiring an additional 4,599 shares during the period. Finally, ORG Partners LLC bought a new stake in American Airlines Group in the second quarter valued at $36,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Wall Street Analyst Weigh In

AAL has been the topic of several research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a research report on Friday, November 15th. Bank of America raised their target price on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Morgan Stanley boosted their target price on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Barclays lifted their price target on shares of American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.76.

American Airlines Group Stock Up 0.5 %

Shares of American Airlines Group stock opened at $17.58 on Thursday. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $18.20. The stock’s 50-day simple moving average is $13.83 and its 200-day simple moving average is $11.89. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 53.27, a PEG ratio of 0.30 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the previous year, the firm posted $0.38 EPS. American Airlines Group’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts expect that American Airlines Group Inc. will post 1.53 earnings per share for the current year.

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.