American Airlines Group Inc. (NASDAQ:AAL) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 22.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,381 shares of the airline’s stock after buying an additional 4,850 shares during the period. Daiwa Securities Group Inc.’s holdings in American Airlines Group were worth $299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in American Airlines Group during the 2nd quarter valued at about $36,000. Cetera Investment Advisers raised its holdings in American Airlines Group by 271.8% during the first quarter. Cetera Investment Advisers now owns 187,130 shares of the airline’s stock worth $2,872,000 after purchasing an additional 136,797 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in American Airlines Group during the second quarter worth approximately $5,452,000. Spire Wealth Management increased its position in shares of American Airlines Group by 583.7% during the 2nd quarter. Spire Wealth Management now owns 81,015 shares of the airline’s stock valued at $918,000 after purchasing an additional 69,165 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of American Airlines Group by 70.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,885 shares of the airline’s stock worth $78,000 after buying an additional 2,836 shares in the last quarter. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Performance

AAL opened at $11.17 on Wednesday. The company has a market cap of $7.33 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43. The stock has a 50-day moving average of $10.41 and a 200-day moving average of $12.28. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $16.15.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, beating the consensus estimate of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company had revenue of $14.33 billion for the quarter, compared to the consensus estimate of $14.38 billion. During the same quarter last 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. On average, research analysts predict that American Airlines Group Inc. will post 1.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Evercore dropped their price target on shares of American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Morgan Stanley dropped their price target on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, June 3rd. Citigroup reduced their price objective on American Airlines Group from $20.00 to $16.50 and set a “buy” rating for the company in a research note on Friday, May 31st. Finally, Susquehanna cut their target price on American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, American Airlines Group has a consensus rating of “Hold” and an average 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.