American Airlines Group Inc. (NASDAQ:AAL) Stock Position Decreased by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC cut its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 26.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,159 shares of the airline’s stock after selling 59,815 shares during the period. Douglas Lane & Associates LLC’s holdings in American Airlines Group were worth $1,883,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AAL. Raymond James Financial Services Advisors Inc. raised its stake in shares of American Airlines Group by 6.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 189,050 shares of the airline’s stock valued at $2,598,000 after acquiring an additional 11,746 shares in the last quarter. Advisory Alpha LLC raised its stake in shares of American Airlines Group by 25.2% in the 4th quarter. Advisory Alpha LLC now owns 13,445 shares of the airline’s stock valued at $185,000 after acquiring an additional 2,706 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of American Airlines Group by 1,291.7% in the 4th quarter. International Assets Investment Management LLC now owns 215,372 shares of the airline’s stock valued at $29,590,000 after acquiring an additional 199,897 shares in the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of American Airlines Group by 10.4% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 97,465 shares of the airline’s stock valued at $1,339,000 after acquiring an additional 9,206 shares in the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in American Airlines Group in the 4th quarter valued at approximately $136,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Price Performance

Shares of AAL stock traded up $0.03 on Tuesday, reaching $9.31. 28,835,520 shares of the stock were exchanged, compared to its average volume of 34,980,875. The stock has a market cap of $6.11 billion, a PE ratio of 15.52, a P/E/G ratio of 0.21 and a beta of 1.44. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.24. The stock has a 50 day moving average price of $10.96 and a 200 day moving average price of $13.22.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The business had revenue of $14.33 billion during the quarter, compared to analysts’ expectations of $14.38 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts expect that American Airlines Group Inc. will post 0.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AAL shares. Citigroup lowered their target price on American Airlines Group from $20.00 to $16.50 and set a “buy” rating on the stock in a report on Friday, May 31st. Evercore lowered their target price on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Sanford C. Bernstein lowered American Airlines Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $18.00 to $12.00 in a report on Monday, July 22nd. Jefferies Financial Group lowered American Airlines Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $17.00 to $12.00 in a report on Wednesday, May 29th. Finally, Barclays decreased their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.80.

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.