IHT Wealth Management LLC Boosts Position in American Airlines Group, Inc. (AAL)

IHT Wealth Management LLC increased its position in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 516.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,387 shares of the airline’s stock after buying an additional 2,000 shares during the quarter. IHT Wealth Management LLC’s holdings in American Airlines Group were worth $126,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock worth $1,210,114,000 after purchasing an additional 27,977,045 shares during the last quarter. Primecap Management Co. CA raised its stake in shares of American Airlines Group by 3.4% in the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock worth $1,977,349,000 after purchasing an additional 1,524,040 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of American Airlines Group by 4,841.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 943,900 shares of the airline’s stock worth $39,927,000 after purchasing an additional 924,800 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of American Airlines Group by 111.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,336,192 shares of the airline’s stock worth $67,237,000 after purchasing an additional 703,617 shares during the last quarter. Finally, AJO LP raised its stake in shares of American Airlines Group by 193.2% in the second quarter. AJO LP now owns 952,263 shares of the airline’s stock worth $47,918,000 after purchasing an additional 627,426 shares during the last quarter. 81.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Airlines Group, Inc. (NASDAQ:AAL) traded down 0.40% during midday trading on Thursday, hitting $52.62. The company had a trading volume of 875,203 shares. American Airlines Group, Inc. has a 1-year low of $36.80 and a 1-year high of $54.48. The stock has a 50 day moving average price of $46.74 and a 200 day moving average price of $47.44. The firm has a market capitalization of $25.63 billion, a P/E ratio of 13.06 and a beta of 0.99.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.05. The company had revenue of $11.11 billion during the quarter, compared to the consensus estimate of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. American Airlines Group’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.77 EPS. On average, equities analysts anticipate that American Airlines Group, Inc. will post $4.63 EPS for the current fiscal year.

In other news, EVP Elise R. Eberwein sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total transaction of $2,517,500.00. Following the sale, the executive vice president now directly owns 312,368 shares in the company, valued at approximately $15,727,728.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ray M. Robinson sold 3,476 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction of $162,537.76. Following the sale, the director now owns 29,938 shares in the company, valued at $1,399,900.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,476 shares of company stock worth $3,159,738. Corporate insiders own 0.64% of the company’s stock.

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Several brokerages have recently commented on AAL. BidaskClub raised American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 14th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $52.00 target price (down from $54.00) on shares of American Airlines Group in a report on Thursday, August 17th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $52.00 target price on shares of American Airlines Group in a report on Thursday, July 13th. Buckingham Research reaffirmed a “buy” rating and issued a $70.00 target price (up from $68.00) on shares of American Airlines Group in a report on Monday, July 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 target price on shares of American Airlines Group in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $57.03.

American Airlines Group Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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