American Airlines Group Inc (AAL) Position Decreased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in American Airlines Group Inc (NASDAQ:AAL) by 62.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,025 shares of the airline’s stock after selling 5,041 shares during the period. Envestnet Asset Management Inc.’s holdings in American Airlines Group were worth $145,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Westside Investment Management Inc. increased its stake in shares of American Airlines Group by 3.5% in the 2nd quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after purchasing an additional 72 shares in the last quarter. WFG Advisors LP increased its stake in shares of American Airlines Group by 28.1% in the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after purchasing an additional 519 shares in the last quarter. Exane Derivatives increased its stake in shares of American Airlines Group by 416.3% in the 3rd quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock valued at $123,000 after purchasing an additional 2,090 shares in the last quarter. IHT Wealth Management LLC increased its stake in shares of American Airlines Group by 516.8% in the 2nd quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock valued at $126,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Blue Granite Capital LLC purchased a new stake in American Airlines Group during the 3rd quarter worth approximately $131,000. Hedge funds and other institutional investors own 81.20% of the company’s stock.

AAL has been the subject of several research reports. Morgan Stanley cut their price objective on American Airlines Group from $52.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, September 1st. JPMorgan Chase & Co. upgraded American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price objective for the company in a research note on Wednesday, November 1st. Citigroup reiterated a “buy” rating on shares of American Airlines Group in a research note on Wednesday, September 13th. Barclays upgraded American Airlines Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $55.00 to $65.00 in a research note on Friday, September 22nd. Finally, Buckingham Research reiterated a “buy” rating on shares of American Airlines Group in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. American Airlines Group currently has a consensus rating of “Buy” and a consensus target price of $59.83.

In other news, Director Alberto Ibarguen sold 4,229 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $47.60, for a total transaction of $201,300.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

American Airlines Group Inc (NASDAQ AAL) opened at $52.40 on Thursday. The firm has a market capitalization of $25,070.00, a P/E ratio of 13.33 and a beta of 0.99. American Airlines Group Inc has a twelve month low of $39.21 and a twelve month high of $54.48. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.02. The business had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.88 billion. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.80 EPS. research analysts predict that American Airlines Group Inc will post 4.63 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “American Airlines Group Inc (AAL) Position Decreased by Envestnet Asset Management Inc.” was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.com-unik.info/2017/12/28/american-airlines-group-inc-aal-position-decreased-by-envestnet-asset-management-inc.html.

American Airlines Group Company Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

What are top analysts saying about American Airlines Group? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for American Airlines Group and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit