Prospera Financial Services Inc Sells 15,345 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Prospera Financial Services Inc trimmed its position in American Airlines Group Inc. (NASDAQ:AAL) by 41.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,341 shares of the airline’s stock after selling 15,345 shares during the period. Prospera Financial Services Inc’s holdings in American Airlines Group were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in American Airlines Group by 4.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock worth $359,000 after purchasing an additional 978 shares in the last quarter. CWM LLC raised its stake in shares of American Airlines Group by 5.2% in the second quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after purchasing an additional 1,059 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of American Airlines Group by 8.2% in the second quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock valued at $169,000 after purchasing an additional 1,126 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of American Airlines Group by 7.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 18,515 shares of the airline’s stock valued at $284,000 after buying an additional 1,329 shares during the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

Shares of American Airlines Group stock opened at $14.92 on Tuesday. The stock has a market capitalization of $9.80 billion, a P/E ratio of 43.58, a P/E/G ratio of 0.26 and a beta of 1.39. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $16.15. The stock’s 50-day simple moving average is $12.63 and its 200 day simple moving average is $11.76.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same period in the prior year, the company posted $0.38 EPS. American Airlines Group’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts forecast that American Airlines Group Inc. will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AAL. Barclays upgraded American Airlines Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $10.00 to $16.00 in a research note on Thursday, November 14th. TD Cowen boosted their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Bank of America upped their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Evercore ISI lifted their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Finally, Susquehanna upped their target price on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, American Airlines Group presently has an average rating of “Hold” and a consensus target price of $13.96.

American Airlines Group 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.