In the fourth quarter, Daiwa Securities Group Inc. reduced its holdings of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 65.5%, the company reported in its most recent filing with the Securities & Exchange Commission. After selling 212,351 shares during the period, the firm held 112,079 shares of the airline’s stock. The most recent quarter’s end saw the value of Daiwa Securities Group Inc.’s holdings in American Airlines Group at $1,540,000.
AAL was recently the subject of changes to the positions of a number of other institutional investors. For roughly $59,411,000 during the third quarter, Jupiter Asset Management Ltd.purchased additional shares of the American Airlines Group. Third-quarter holdings of American Airlines Group were increased by 28.3% by Invesco Ltd. Invesco Ltd.
has purchased an additional 2,672,793 shares of the airline’s stock in the most recent quarter, bringing their total ownership to 12,119,358 shares valued at $155,249,000. The American Airlines Group shares that Qube Research & Technologies Ltd. purchased a new stake in during the third quarter were valued at about $28,867,000. In the third quarter, Barclays PLC increased its holdings of shares of American Airlines Group by 191.7 percent.
After purchasing an additional 2,190,456 shares in the most recent quarter, Barclays PLC now owns 3,333,370 shares of the airline’s stock, valued at $42,448,000. In conclusion, U.S. Global Investors Inc. increased its holdings of American Airlines Group shares by 18.7% during the fourth quarter. U S Global Investors Inc. purchased an additional 2,001,247 shares of the airline’s stock in the most recent quarter, bringing its total holdings to 12,675,358 shares valued at $174,159,000. 52.44% of the company’s shares are owned by institutional investors.
The Group Price Performance of American Airlines
American Airlines Group stock saw a $0.31 decrease in trading on Wednesday, closing at $13.92. 40,940,707 shares of the company’s stock were traded, as opposed to 34,258,410 on average. American Airlines Group Inc.’s price has fluctuated between $10.86 and $19.08 over the past 52 weeks. Price-to-earnings ratios of 12.65, 0.12 for price-to-earnings-growth, and 1.57 for beta are all present in the $9.11 billion market capitalization of the stock. The stock’s two-hundred-day moving average is $13.61, while its 50-day moving average is $14.49.
On Thursday, January 25th, American Airlines Group (NASDAQ:AAL – Get Free Report) released its most recent quarterly earnings results. The airline beat analysts’ consensus estimates of $0.11 by $0.18 when it reported $0.29 EPS for the quarter. In contrast to analysts’ expectations of $13.01 billion, the company’s revenue for the quarter was $13.06 billion.
With a negative return on equity of 36.28%, American Airlines Group’s net margin was 1.56%. The company’s quarterly revenue decreased by 1.0% from the same period the previous year. In the corresponding quarter of the previous year, the company reported $1.17 earnings per share. American Airlines Group Inc. is expected to report 2.45 EPS for the current fiscal year, on average, according to equities analysts.
Upgrades and Downgrades by Analysts
Analysts that specialize in equity research have recently offered their opinions on the stock. On Thursday, January 11, Jefferies Financial Group raised its rating on shares of American Airlines Group from “hold” to “buy,” putting a $18.00 price target on the business.
Tuesday, March 5th, saw Sanford C. Bernstein raise its price target on American Airlines Group shares from $20.00 to $21.00 and rate the company as “outperform.” On Friday, January 26th, Barclays upgraded its price objective for American Airlines Group shares from $13.00 to $14.00 and rated the company as “underweight” in a research report. On Monday, January 29, Evercore ISI reiterated its “hold” rating and established a $17.00 price target for American Airlines Group shares.
In a research report released on Monday, January 22nd, Wolfe Research upgraded the shares of American Airlines Group from a “peer perform” rating to a “outperform” rating and established a $17.00 price objective. There are six research analysts who have given the stock a hold rating, eleven buy ratings, and two sell ratings for the company’s stock. MarketBeat data indicates that the company has an average target price of $17.53 and an average rating of “Hold.”