American Airlines Group Inc. (NASDAQ:AAL) Shares Purchased by Bogart Wealth LLC

Bogart Wealth LLC lifted its stake in American Airlines Group Inc. (NASDAQ:AAL) by 47.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,754 shares of the airline’s stock after acquiring an additional 2,500 shares during the period. Bogart Wealth LLC’s holdings in American Airlines Group were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in American Airlines Group by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock valued at $1,010,566,000 after purchasing an additional 667,660 shares during the period. U S Global Investors Inc. grew its stake in American Airlines Group by 18.7% during the 4th quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock valued at $174,159,000 after acquiring an additional 2,001,247 shares in the last quarter. Invesco Ltd. increased its holdings in shares of American Airlines Group by 28.3% in the 3rd quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock valued at $155,249,000 after purchasing an additional 2,672,793 shares during the period. Northern Trust Corp boosted its holdings in shares of American Airlines Group by 2.1% during the third quarter. Northern Trust Corp now owns 4,748,260 shares of the airline’s stock worth $60,825,000 after purchasing an additional 98,130 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new position in American Airlines Group during the third quarter valued at approximately $59,411,000. 52.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AAL shares. Wolfe Research upgraded American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price target for the company in a report on Monday, January 22nd. Sanford C. Bernstein raised their price target on shares of American Airlines Group from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Monday. Citigroup reissued a “buy” rating and set a $20.00 target price on shares of American Airlines Group in a research report on Thursday, March 14th. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, January 11th. Finally, Morgan Stanley reissued an “overweight” rating and set a $20.00 price objective on shares of American Airlines Group in a report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, American Airlines Group has a consensus rating of “Hold” and an average target price of $17.60.

American Airlines Group Stock Performance

American Airlines Group stock traded up $0.17 on Wednesday, reaching $14.42. The company’s stock had a trading volume of 22,805,130 shares, compared to its average volume of 34,001,047. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 0.20 and a beta of 1.57. American Airlines Group Inc. has a twelve month low of $10.86 and a twelve month high of $19.08. The business’s fifty day moving average price is $14.29 and its 200 day moving average price is $13.76.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The firm had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS. As a group, equities analysts forecast that American Airlines Group Inc. will post 2.54 earnings per share for the current year.

About American Airlines Group

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.