SOA Wealth Advisors LLC. Purchases New Position in American Airlines Group Inc. (NASDAQ:AAL)

SOA Wealth Advisors LLC. purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 8,065 shares of the airline’s stock, valued at approximately $140,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. boosted its holdings in shares of American Airlines Group by 101.3% in the fourth quarter. Meeder Asset Management Inc. now owns 1,717 shares of the airline’s stock valued at $27,000 after acquiring an additional 864 shares during the period. World Asset Management Inc boosted its holdings in shares of American Airlines Group by 4.3% in the fourth quarter. World Asset Management Inc now owns 22,687 shares of the airline’s stock valued at $358,000 after acquiring an additional 945 shares during the period. Princeton Global Asset Management LLC boosted its holdings in shares of American Airlines Group by 100.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 2,000 shares of the airline’s stock valued at $32,000 after acquiring an additional 1,000 shares during the period. Credit Agricole S A boosted its holdings in shares of American Airlines Group by 121.5% in the fourth quarter. Credit Agricole S A now owns 1,823 shares of the airline’s stock valued at $29,000 after acquiring an additional 1,000 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of American Airlines Group by 6.3% in the fourth quarter. Orion Portfolio Solutions LLC now owns 18,179 shares of the airline’s stock valued at $287,000 after acquiring an additional 1,076 shares during the period. 44.41% of the stock is owned by hedge funds and other institutional investors.

AAL has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Monday, March 1st. Susquehanna Bancshares increased their price objective on American Airlines Group from $8.00 to $10.00 and gave the stock a “negative” rating in a research report on Thursday, January 14th. Seaport Global Securities lowered American Airlines Group from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Monday, February 1st. Stifel Nicolaus upped their target price on American Airlines Group from $14.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, February 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised American Airlines Group from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a report on Thursday, February 18th. Eight investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. American Airlines Group presently has an average rating of “Hold” and a consensus price target of $15.80.

AAL opened at $23.93 on Thursday. The firm has a market cap of $15.35 billion, a P/E ratio of -1.73 and a beta of 1.82. American Airlines Group Inc. has a 52 week low of $8.25 and a 52 week high of $26.09. The business’s fifty day simple moving average is $22.18 and its 200 day simple moving average is $16.43.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Wednesday, January 27th. The airline reported ($3.86) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($4.11) by $0.25. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the business posted $1.15 earnings per share. The firm’s quarterly revenue was down 64.4% on a year-over-year basis. On average, research analysts forecast that American Airlines Group Inc. will post -19.77 earnings per share for the current fiscal 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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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