B. Riley Wealth Advisors Inc. Buys 6,004 Shares of American Airlines Group Inc. (NASDAQ:AAL)

B. Riley Wealth Advisors Inc. boosted its stake in American Airlines Group Inc. (NASDAQ:AAL) by 32.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,519 shares of the airline’s stock after purchasing an additional 6,004 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in American Airlines Group were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. UMB Bank n.a. boosted its position in shares of American Airlines Group by 404.3% in the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after acquiring an additional 2,264 shares during the period. Quarry LP purchased a new stake in American Airlines Group in the 4th quarter worth approximately $34,000. Beaird Harris Wealth Management LLC boosted its holdings in American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares during the period. ORG Partners LLC purchased a new position in shares of American Airlines Group during the 2nd quarter valued at $36,000. Finally, Sentry Investment Management LLC bought a new position in shares of American Airlines Group in the second quarter worth $36,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AAL. TD Securities dropped their price objective on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Barclays cut their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Sanford C. Bernstein downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. TD Cowen lifted their target price on shares of American Airlines Group from $7.00 to $9.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Finally, Jefferies Financial Group raised their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.15.

American Airlines Group Stock Performance

Shares of AAL stock opened at $11.92 on Wednesday. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $16.15. The company has a market capitalization of $7.82 billion, a P/E ratio of 19.87, a PEG ratio of 0.27 and a beta of 1.43. The stock has a 50 day moving average price of $10.57 and a two-hundred day moving average price of $11.94.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The firm had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 earnings per share. As a group, equities analysts predict that American Airlines Group Inc. will post 1.07 earnings per share for the current year.

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.