Onyx Bridge Wealth Group LLC decreased its stake in American Airlines Group Inc. (NASDAQ:AAL – Get Rating) by 32.4% in the first quarter, Holdings Channel reports. The institutional investor owned 14,291 shares of the airline's stock after selling 6,835 shares during the quarter. Onyx Bridge Wealth Group LLC's holdings in American Airlines Group were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of American Airlines Group during the 4th quarter valued at $739,000. State of New Jersey Common Pension Fund D raised its holdings in shares of American Airlines Group by 3.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 145,676 shares of the airline's stock valued at $2,616,000 after purchasing an additional 5,108 shares in the last quarter. Yousif Capital Management LLC bought a new position in shares of American Airlines Group during the 4th quarter valued at $1,871,000. CWM LLC bought a new position in shares of American Airlines Group during the 4th quarter valued at $198,000. Finally, Xponance Inc. raised its holdings in shares of American Airlines Group by 23.8% during the 4th quarter. Xponance Inc. now owns 39,651 shares of the airline's stock valued at $712,000 after purchasing an additional 7,625 shares in the last quarter. Hedge funds and other institutional investors own 53.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AAL. Evercore ISI cut their price target on shares of American Airlines Group from $20.00 to $13.00 and set an "in-line" rating on the stock in a report on Monday, June 27th. Deutsche Bank Aktiengesellschaft raised their target price on shares of American Airlines Group from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, April 22nd. Susquehanna lowered their target price on shares of American Airlines Group from $19.00 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 12th. Jefferies Financial Group reiterated a "hold" rating and issued a $20.00 target price on shares of American Airlines Group in a research note on Monday, June 27th. Finally, Morgan Stanley raised their target price on shares of American Airlines Group from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Friday, April 22nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $18.56.

American Airlines Group Stock Performance

American Airlines Group (NASDAQ:AAL – Get Rating) last released its quarterly earnings data on Thursday, July 21st. The airline reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.06. The business had revenue of $13.42 billion for the quarter, compared to the consensus estimate of $13.40 billion. During the same period in the previous year, the business posted ($1.69) earnings per share. American Airlines Group's revenue was up 79.5% on a year-over-year basis. Sell-side analysts forecast that American Airlines Group Inc. will post -0.94 EPS for the current year.

American Airlines Group Company Profile

(Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

Read More

• Get a free copy of the StockNews.com research report on American Airlines Group (AAL)
• MarketBeat: Week in Review 8/1 – 8/5
• How to Use High Beta Stocks to Maximize Your Investing Profits
• Cronos Group Inc's Revenues Are Up, Is It Time to Buy?
• Why Apple Could Be At All-Time Highs By Year End
• Beyond Meat Is Not Beyond Hope, And It's Cheap

Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc. (NASDAQ:AAL – Get Rating).

Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.