GoalVest Advisory LLC Makes New $38,000 Investment in American Airlines Group Inc. (NASDAQ:AAL)

GoalVest Advisory LLC purchased a new position in American Airlines Group Inc. (NASDAQ:AAL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,503 shares of the airline’s stock, valued at approximately $38,000.

A number of other large investors have also bought and sold shares of the stock. DekaBank Deutsche Girozentrale bought a new stake in shares of American Airlines Group in the 3rd quarter worth approximately $33,000. QRG Capital Management Inc. bought a new stake in shares of American Airlines Group in the 3rd quarter worth approximately $267,000. Dark Forest Capital Management LP bought a new stake in shares of American Airlines Group in the 3rd quarter worth approximately $274,000. LPL Financial LLC grew its position in shares of American Airlines Group by 5.8% in the 3rd quarter. LPL Financial LLC now owns 321,586 shares of the airline’s stock worth $4,120,000 after buying an additional 17,713 shares during the last quarter. Finally, Mariner LLC grew its position in shares of American Airlines Group by 10.6% in the 3rd quarter. Mariner LLC now owns 87,461 shares of the airline’s stock worth $1,120,000 after buying an additional 8,402 shares during the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $11.28 on Friday. The firm has a market cap of $7.40 billion, a P/E ratio of 18.80, a P/E/G ratio of 0.20 and a beta of 1.49. American Airlines Group Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The firm has a 50-day simple moving average of $12.96 and a two-hundred day simple moving average of $13.86.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The company had revenue of $12.57 billion for the quarter, compared to analysts’ expectations of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. On average, equities research analysts predict that American Airlines Group Inc. will post 2.07 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AAL shares. JPMorgan Chase & Co. dropped their price target on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Bank of America dropped their price target on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 29th. Sanford C. Bernstein lifted their price target on American Airlines Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. TD Cowen dropped their price target on American Airlines Group from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Finally, HSBC started coverage on American Airlines Group in a research report on Monday, May 13th. They set a “buy” rating and a $17.90 price target on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.