Brookstone Capital Management Trims Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Brookstone Capital Management trimmed its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,462 shares of the airline’s stock after selling 5,102 shares during the quarter. Brookstone Capital Management’s holdings in American Airlines Group were worth $185,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Empirical Finance LLC increased its holdings in American Airlines Group by 13.2% during the third quarter. Empirical Finance LLC now owns 21,159 shares of the airline’s stock valued at $271,000 after buying an additional 2,462 shares during the period. Barclays PLC increased its holdings in American Airlines Group by 191.7% during the third quarter. Barclays PLC now owns 3,333,370 shares of the airline’s stock valued at $42,448,000 after buying an additional 2,190,456 shares during the period. Amalgamated Bank grew its holdings in American Airlines Group by 18.4% in the third quarter. Amalgamated Bank now owns 255,994 shares of the airline’s stock worth $3,279,000 after purchasing an additional 39,804 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in American Airlines Group in the third quarter worth $5,124,000. Finally, Vontobel Holding Ltd. grew its holdings in American Airlines Group by 153.7% in the third quarter. Vontobel Holding Ltd. now owns 342,699 shares of the airline’s stock worth $4,390,000 after purchasing an additional 207,639 shares during the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on AAL shares. Evercore ISI reaffirmed a “hold” rating and issued a $17.00 price target on shares of American Airlines Group in a report on Monday, January 29th. Barclays lifted their price target on shares of American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. Sanford C. Bernstein lifted their price target on shares of American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Citigroup reaffirmed a “buy” rating and issued a $20.00 price target on shares of American Airlines Group in a report on Thursday, March 14th. Finally, TD Cowen upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $14.00 to $21.00 in a research note on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, American Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Trading Up 2.5 %

American Airlines Group stock opened at $15.30 on Thursday. American Airlines Group Inc. has a 12 month low of $10.86 and a 12 month high of $19.08. The stock’s 50 day simple moving average is $14.68 and its two-hundred day simple moving average is $13.47. The firm has a market cap of $10.02 billion, a PE ratio of 13.91, a P/E/G ratio of 0.12 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, topping the consensus estimate of $0.11 by $0.18. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The business had revenue of $13.06 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the firm posted $1.17 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts forecast that American Airlines Group Inc. will post 2.52 EPS 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.