481,224 Shares in American Airlines Group Inc. (NASDAQ:AAL) Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 481,224 shares of the airline’s stock, valued at approximately $5,452,000. Envestnet Portfolio Solutions Inc. owned approximately 0.07% of American Airlines Group as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AAL. Beaird Harris Wealth Management LLC lifted its holdings in shares of American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after acquiring an additional 795 shares in the last quarter. Empirical Finance LLC lifted its stake in shares of American Airlines Group by 1.4% during the first quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock worth $899,000 after purchasing an additional 797 shares in the last quarter. Eudaimonia Partners LLC boosted its position in shares of American Airlines Group by 4.2% in the first quarter. Eudaimonia Partners LLC now owns 23,054 shares of the airline’s stock worth $354,000 after buying an additional 927 shares during the period. Ackerman Capital Advisors LLC grew its stake in shares of American Airlines Group by 6.5% in the first quarter. Ackerman Capital Advisors LLC now owns 15,661 shares of the airline’s stock valued at $240,000 after buying an additional 949 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its holdings in shares of 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 valued at $359,000 after buying an additional 978 shares during the period. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Price Performance

Shares of NASDAQ:AAL traded up $0.36 during trading on Thursday, reaching $10.10. 18,284,555 shares of the company’s stock traded hands, compared to its average volume of 34,657,063. The stock has a market capitalization of $6.63 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 0.21 and a beta of 1.44. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $16.15. The company has a 50 day moving average of $10.74 and a 200-day moving average of $13.03.

American Airlines Group (NASDAQ:AAL) last posted its 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. The company had revenue of $14.33 billion during the quarter, compared to analyst estimates of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 earnings per share. Equities research analysts predict that American Airlines Group Inc. will post 0.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $17.00 to $12.00 in a research report on Wednesday, May 29th. Evercore ISI decreased their price objective on shares of American Airlines Group to $10.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Evercore dropped their target price on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. TD Cowen downgraded American Airlines Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $16.00 to $10.00 in a report on Wednesday, July 17th. Finally, Citigroup lowered 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.80.

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.