Victory Capital Management Inc. Has $1.19 Million Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Victory Capital Management Inc. lessened its stake in American Airlines Group Inc. (NASDAQ:AAL) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,297 shares of the airline’s stock after selling 2,203 shares during the quarter. Victory Capital Management Inc.’s holdings in American Airlines Group were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC bought a new stake in shares of American Airlines Group during the fourth quarter worth $27,000. Beaird Harris Wealth Management LLC boosted its holdings in American Airlines Group by 51.3% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after acquiring an additional 795 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in American Airlines Group in the first quarter worth about $38,000. Quarry LP bought a new stake in American Airlines Group during the 4th quarter worth about $34,000. Finally, UMB Bank n.a. lifted its position in American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after purchasing an additional 2,264 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of AAL opened at $11.11 on Friday. The stock has a 50 day simple moving average of $10.42 and a 200 day simple moving average of $12.26. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $16.15. The firm has a market capitalization of $7.29 billion, a PE ratio of 18.52, a P/E/G ratio of 0.27 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. During the same quarter in the prior year, the firm earned $1.92 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts predict that American Airlines Group Inc. will post 1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. 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 research report on Thursday, May 30th. TD Securities lowered their target price on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Evercore ISI dropped their target price on shares of American Airlines Group to $10.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Barclays reduced their price target on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group cut American Airlines Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $17.00 to $12.00 in a research note on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.73.

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.