Good Life Advisors LLC Buys New Stake in American Airlines Group Inc. (NASDAQ:AAL)

Good Life Advisors LLC bought a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,494 shares of the airline’s stock, valued at approximately $140,000.

A number of other institutional investors also recently bought and sold shares of the stock. Beaird Harris Wealth Management LLC lifted its position in shares of American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after purchasing an additional 795 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in shares of American Airlines Group during the first quarter worth about $38,000. UMB Bank n.a. lifted its holdings in shares of American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after purchasing an additional 2,264 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of American Airlines Group during the second quarter worth about $36,000. Finally, ORG Partners LLC acquired a new position in American Airlines Group in the second quarter valued at approximately $36,000. 52.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AAL shares. Barclays reduced their target price on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. dropped their target price on American Airlines Group from $21.00 to $15.00 in a report on Friday, July 26th. TD Securities dropped their target price on American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Sanford C. Bernstein lowered American Airlines Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. Finally, TD Cowen raised their target price on American Airlines Group from $7.00 to $9.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, American Airlines Group currently has an average rating of “Hold” and an average price target of $13.09.

American Airlines Group Stock Performance

Shares of AAL opened at $13.09 on Monday. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $16.15. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. The firm has a fifty day moving average of $10.97 and a 200-day moving average of $11.78.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, beating 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 previous year, the company posted $1.92 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts predict that American Airlines Group Inc. will post 1.22 EPS 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.