EP Wealth Advisors LLC Sells 1,113 Shares of American Airlines Group Inc. (NASDAQ:AAL)

EP Wealth Advisors LLC lessened its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,074 shares of the airline’s stock after selling 1,113 shares during the period. EP Wealth Advisors LLC’s holdings in American Airlines Group were worth $416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. increased its stake in shares of American Airlines Group by 6.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 189,050 shares of the airline’s stock worth $2,598,000 after purchasing an additional 11,746 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of American Airlines Group by 11.0% during the 4th quarter. Global Retirement Partners LLC now owns 10,912 shares of the airline’s stock worth $144,000 after purchasing an additional 1,078 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $1,171,000. Integrated Investment Consultants LLC purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $803,000. Finally, U S Global Investors Inc. increased its stake in shares of American Airlines Group by 18.7% during the 4th quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after purchasing an additional 2,001,247 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analyst Ratings Changes

AAL has been the subject of several analyst reports. Evercore cut their price objective on shares of American Airlines Group from $13.00 to $10.00 in a report on Friday. Sanford C. Bernstein downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $18.00 to $12.00 in a report on Monday, July 22nd. HSBC initiated coverage on shares of American Airlines Group in a report on Monday, May 13th. They issued a “buy” rating and a $17.90 price objective for the company. Citigroup cut their price objective on shares of American Airlines Group from $20.00 to $16.50 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, Bank of America cut their price objective on shares of American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a report on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.80.

American Airlines Group Trading Up 0.2 %

Shares of American Airlines Group stock traded up $0.02 on Friday, hitting $10.62. 45,684,501 shares of the company traded hands, compared to its average volume of 35,793,084. The firm’s 50-day simple moving average is $11.51 and its 200 day simple moving average is $13.40. The company has a market cap of $6.97 billion, a P/E ratio of 17.70, a P/E/G ratio of 0.36 and a beta of 1.44. American Airlines Group Inc. has a 12-month low of $9.76 and a 12-month high of $16.87.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. The firm had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $1.92 EPS. Analysts predict that American Airlines Group Inc. will post 1.1 earnings per share for the current year.

American Airlines Group Company 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.