Massachusetts Financial Services Co. MA Buys 13,789 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Massachusetts Financial Services Co. MA grew its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 586,324 shares of the airline’s stock after acquiring an additional 13,789 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.09% of American Airlines Group worth $6,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AAL. Vermillion & White Wealth Management Group LLC bought a new stake in American Airlines Group during the fourth quarter worth $27,000. UMB Bank n.a. boosted its holdings in shares of American Airlines Group by 404.3% in the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after buying an additional 2,264 shares during the last quarter. Quarry LP bought a new position in American Airlines Group during the fourth quarter valued at about $34,000. Beaird Harris Wealth Management LLC increased its holdings in 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 buying an additional 795 shares during the last quarter. Finally, ORG Partners LLC purchased a new position in American Airlines Group in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AAL. Bank of America decreased their price target on shares of American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a research note on Wednesday, May 29th. TD Securities dropped their price target on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Barclays decreased 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. Jefferies Financial Group lowered 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 research report on Wednesday, May 29th. Finally, Morgan Stanley lowered their price target on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.73.

American Airlines Group Trading Down 0.9 %

AAL stock opened at $11.01 on Friday. The company’s 50 day moving average is $10.43 and its 200 day moving average is $12.22. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $14.33 billion during the quarter, compared to the consensus estimate 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 firm’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 EPS. As a group, sell-side analysts forecast that American Airlines Group Inc. will post 1.06 EPS for the current fiscal year.

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.