Western Wealth Management LLC Buys 1,600 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Western Wealth Management LLC lifted its stake in American Airlines Group Inc. (NASDAQ:AAL) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,493 shares of the airline’s stock after purchasing an additional 1,600 shares during the quarter. Western Wealth Management LLC’s holdings in American Airlines Group were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Gables Capital Management Inc. lifted its position in American Airlines Group by 100.0% in the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock valued at $26,000 after acquiring an additional 1,000 shares in the last quarter. Federated Hermes Inc. lifted its position in American Airlines Group by 32.2% in the 4th quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock valued at $57,000 after acquiring an additional 1,003 shares in the last quarter. Global Retirement Partners LLC lifted its position in American Airlines Group by 11.0% in the 4th quarter. Global Retirement Partners LLC now owns 10,912 shares of the airline’s stock valued at $144,000 after acquiring an additional 1,078 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in American Airlines Group by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 293,480 shares of the airline’s stock valued at $3,759,000 after acquiring an additional 1,110 shares in the last quarter. Finally, CWM LLC lifted its position in American Airlines Group by 5.2% in the 3rd quarter. CWM LLC now owns 25,596 shares of the airline’s stock valued at $328,000 after acquiring an additional 1,259 shares in the last quarter. 52.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, January 11th. Seaport Res Ptn raised American Airlines Group from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. UBS Group assumed coverage on American Airlines Group in a report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price target on the stock. Sanford C. Bernstein increased their price target on American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Finally, Barclays increased their price target on American Airlines Group from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Stock Performance

Shares of AAL stock opened at $14.53 on Tuesday. American Airlines Group Inc. has a 52-week low of $10.86 and a 52-week high of $19.08. The firm has a market capitalization of $9.51 billion, a PE ratio of 13.21, a PEG ratio of 0.12 and a beta of 1.57. The stock has a fifty day simple moving average of $14.52 and a two-hundred day simple moving average of $13.60.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. The firm had revenue of $13.06 billion during the quarter, compared to analyst estimates of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 earnings per share. On average, sell-side analysts forecast that American Airlines Group Inc. will post 2.45 EPS for the current fiscal 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.