GDS Wealth Management Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

GDS Wealth Management bought a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,686 shares of the airline’s stock, valued at approximately $200,000.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of American Airlines Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after purchasing an additional 806,770 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after acquiring an additional 1,823,928 shares in the last quarter. Par Capital Management Inc. boosted its stake in shares of American Airlines Group by 0.4% in the fourth quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock worth $34,496,000 after acquiring an additional 10,600 shares during the last quarter. Norges Bank purchased a new stake in shares of American Airlines Group during the fourth quarter worth approximately $22,819,000. Finally, Sei Investments Co. raised its stake in American Airlines Group by 36.9% in the 1st quarter. Sei Investments Co. now owns 1,045,606 shares of the airline’s stock valued at $16,050,000 after purchasing an additional 281,956 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Price Performance

NASDAQ AAL opened at $10.81 on Tuesday. The company has a market cap of $7.09 billion, a P/E ratio of 18.02, a P/E/G ratio of 0.27 and a beta of 1.43. The stock has a 50-day moving average of $10.41 and a two-hundred day moving average of $12.31. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.15.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The firm had revenue of $14.33 billion during the quarter, compared to analysts’ expectations of $14.38 billion. During the same quarter in the previous year, the business posted $1.92 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts anticipate that American Airlines Group Inc. will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their price target on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, June 3rd. Barclays lowered their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Evercore cut their target price on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Finally, Sanford C. Bernstein lowered shares of American Airlines Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.73.

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.