Bank Julius Baer & Co. Ltd Zurich Has $452,000 Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Bank Julius Baer & Co. Ltd Zurich lowered its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 35.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,916 shares of the airline’s stock after selling 18,133 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in American Airlines Group were worth $452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gables Capital Management Inc. grew its position in American Airlines Group by 100.0% in the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock valued at $26,000 after acquiring an additional 1,000 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of American Airlines Group in the third quarter valued at approximately $33,000. GAMMA Investing LLC acquired a new position in shares of American Airlines Group in the fourth quarter valued at approximately $38,000. Baystate Wealth Management LLC increased its stake in shares of American Airlines Group by 267.1% in the fourth quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock valued at $54,000 after buying an additional 2,855 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of American Airlines Group by 32.2% in the fourth quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock valued at $57,000 after buying an additional 1,003 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Down 1.8 %

Shares of NASDAQ:AAL opened at $13.88 on Friday. American Airlines Group Inc. has a twelve month low of $10.86 and a twelve month high of $19.08. The stock’s 50 day moving average is $14.46 and its 200-day moving average is $13.64. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The firm had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same period in the previous year, the company earned $0.05 earnings per share. American Airlines Group’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that American Airlines Group Inc. will post 2.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating and issued a $20.00 target price on shares of American Airlines Group in a report on Tuesday, March 5th. TD Cowen upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $14.00 to $21.00 in a report on Friday, January 26th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday, January 11th. JPMorgan Chase & Co. upped their target price on American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Finally, UBS Group assumed coverage on American Airlines Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.53.

American Airlines Group Company 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.