Brookstone Capital Management Sells 2,182 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Brookstone Capital Management decreased its stake in American Airlines Group Inc. (NASDAQ:AAL) by 16.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,280 shares of the airline’s stock after selling 2,182 shares during the period. Brookstone Capital Management’s holdings in American Airlines Group were worth $173,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. U S Global Investors Inc. grew its position in American Airlines Group by 18.7% during the fourth 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 during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of American Airlines Group by 7,871.8% during the 4th 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. Norges Bank purchased a new position in American Airlines Group in the 4th quarter worth $22,819,000. Vanguard Group Inc. boosted its position in American Airlines Group by 0.9% during the third quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock valued at $1,010,566,000 after buying an additional 667,660 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of American Airlines Group by 78.7% during the third quarter. Deutsche Bank AG now owns 1,050,918 shares of the airline’s stock valued at $13,462,000 after buying an additional 462,774 shares during the last quarter. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Up 0.6 %

Shares of AAL stock opened at $11.12 on Thursday. The business’s fifty day moving average is $12.72 and its 200 day moving average is $13.77. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 0.20 and a beta of 1.44. American Airlines Group Inc. has a twelve month low of $10.86 and a twelve month high of $19.08.

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). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business had revenue of $12.57 billion during the quarter, compared to analysts’ expectations of $12.60 billion. During the same period in the prior year, the company earned $0.05 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts expect that American Airlines Group Inc. will post 2.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. TD Cowen lowered their target price on American Airlines Group from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Jefferies Financial Group cut shares of American Airlines Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $17.00 to $12.00 in a report on Wednesday, May 29th. Susquehanna lowered their price target on shares of American Airlines Group from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. UBS Group started coverage on shares of American Airlines Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.53.

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.