Wealth Enhancement Advisory Services LLC Purchases 7,557 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Wealth Enhancement Advisory Services LLC raised its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 14.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 59,027 shares of the airline’s stock after purchasing an additional 7,557 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in American Airlines Group were worth $623,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Zacks Investment Management bought a new stake in shares of American Airlines Group in the 4th quarter worth approximately $4,409,000. Raymond James Financial Inc. purchased a new stake in American Airlines Group during the fourth quarter valued at about $3,858,000. Amundi boosted its position in American Airlines Group by 31,647.8% during the fourth quarter. Amundi now owns 426,691 shares of the airline’s stock valued at $7,510,000 after buying an additional 425,347 shares during the period. Proficio Capital Partners LLC bought a new position in shares of American Airlines Group during the fourth quarter valued at about $231,000. Finally, Jones Financial Companies Lllp raised its stake in American Airlines Group by 17.2% in the fourth quarter. Jones Financial Companies Lllp now owns 29,218 shares of the airline’s stock worth $509,000 after buying an additional 4,292 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AAL. Citigroup decreased their target price on shares of American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group cut shares of American Airlines Group from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $16.00 to $8.00 in a research note on Tuesday, April 8th. TD Cowen raised their price objective on shares of American Airlines Group to $13.00 and gave the company an “unchanged” rating in a research report on Friday, April 25th. Susquehanna reduced their price target on shares of American Airlines Group from $18.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $12.00 price target (down from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.68.

American Airlines Group Trading Up 0.5%

AAL stock opened at $11.69 on Friday. The stock has a market cap of $7.71 billion, a PE ratio of 12.99, a P/E/G ratio of 1.61 and a beta of 1.36. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The company has a 50-day moving average price of $11.16 and a 200 day moving average price of $13.15.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.10. The company had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a net margin of 1.26% and a negative return on equity of 26.59%. American Airlines Group’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.34) earnings per share. Sell-side analysts forecast that American Airlines Group Inc. will post 2.42 EPS 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.