B. Riley Wealth Advisors Inc. Lowers Stake in American Airlines Group Inc. (NASDAQ:AAL)

B. Riley Wealth Advisors Inc. lessened its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,186 shares of the airline’s stock after selling 1,329 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in American Airlines Group were worth $236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oak Thistle LLC acquired a new position in shares of American Airlines Group during the fourth quarter worth about $1,171,000. Assenagon Asset Management S.A. boosted its holdings in American Airlines Group by 7,871.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock valued at $24,211,000 after purchasing an additional 1,739,977 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its holdings in American Airlines Group by 15.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 38,500 shares of the airline’s stock valued at $529,000 after purchasing an additional 5,067 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in American Airlines Group by 1,291.7% in the fourth quarter. International Assets Investment Management LLC now owns 215,372 shares of the airline’s stock valued at $29,590,000 after purchasing an additional 199,897 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in American Airlines Group in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Trading Up 1.4 %

Shares of American Airlines Group stock opened at $11.28 on Friday. American Airlines Group Inc. has a twelve month low of $10.86 and a twelve month high of $19.08. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 0.20 and a beta of 1.49. The business’s 50 day simple moving average is $12.96 and its 200-day simple moving average is $13.86.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same quarter in the prior year, the business earned $0.05 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. Sell-side analysts predict that American Airlines Group Inc. will post 2.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AAL shares. JPMorgan Chase & Co. reduced their price target on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. UBS Group started coverage on American Airlines Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price target for the company. Jefferies Financial Group downgraded American Airlines Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $17.00 to $12.00 in a report on Wednesday, May 29th. TD Cowen reduced their target price on American Airlines Group from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Finally, Bank of America reduced their target price on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating on the stock in a report on Wednesday, May 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.53.

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.