IHT Wealth Management LLC Sells 5,226 Shares of American Airlines Group Inc. (NASDAQ:AAL)

IHT Wealth Management LLC cut its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 34.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,081 shares of the airline’s stock after selling 5,226 shares during the quarter. IHT Wealth Management LLC’s holdings in American Airlines Group were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AAL. Cetera Advisors LLC lifted its holdings in American Airlines Group by 18.2% during the 1st quarter. Cetera Advisors LLC now owns 35,591 shares of the airline’s stock worth $546,000 after purchasing an additional 5,480 shares during the last quarter. CWM LLC raised its stake in American Airlines Group by 5.2% in the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after purchasing an additional 1,059 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of American Airlines Group by 92.8% in the second quarter. QRG Capital Management Inc. now owns 47,549 shares of the airline’s stock valued at $539,000 after buying an additional 22,893 shares in the last quarter. SG Americas Securities LLC raised its position in shares of American Airlines Group by 132.8% in the second quarter. SG Americas Securities LLC now owns 147,877 shares of the airline’s stock valued at $1,675,000 after buying an additional 598,941 shares in the last quarter. Finally, Czech National Bank raised its position in shares of American Airlines Group by 8.6% in the second quarter. Czech National Bank now owns 125,024 shares of the airline’s stock valued at $1,417,000 after buying an additional 9,919 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AAL. Barclays lifted their price objective on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research report on Friday, November 15th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $14.00 to $24.00 in a research note on Tuesday. Finally, UBS Group cut shares of American Airlines Group from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.52.

American Airlines Group Stock Performance

Shares of American Airlines Group stock opened at $17.49 on Wednesday. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $18.20. The stock has a 50 day moving average price of $13.69 and a two-hundred day moving average price of $11.85. The stock has a market capitalization of $11.49 billion, a PE ratio of 53.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. American Airlines Group’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. Research analysts forecast that American Airlines Group Inc. will post 1.53 EPS for the current 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.