Lebenthal Global Advisors LLC grew its position in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 147.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 68,666 shares of the airline’s stock after buying an additional 40,968 shares during the period. Lebenthal Global Advisors LLC’s holdings in American Airlines Group were worth $918,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Primecap Management Co. CA bought a new position in shares of American Airlines Group in the second quarter worth approximately $1,278,144,000. BlackRock Inc. purchased a new stake in shares of American Airlines Group during the second quarter valued at approximately $1,144,739,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of American Airlines Group during the second quarter valued at approximately $119,628,000. Renaissance Technologies LLC increased its position in shares of American Airlines Group by 569.4% during the first quarter. Renaissance Technologies LLC now owns 9,687,232 shares of the airline’s stock valued at $104,041,000 after acquiring an additional 8,240,100 shares in the last quarter. Finally, U S Global Investors Inc. increased its position in shares of American Airlines Group by 13.1% during the third quarter. U S Global Investors Inc. now owns 6,787,455 shares of the airline’s stock valued at $90,748,000 after acquiring an additional 786,283 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group Stock Down 1.4%
Shares of NASDAQ AAL opened at $12.60 on Friday. The firm’s 50-day moving average price is $12.95 and its 200-day moving average price is $13.56. The company has a market cap of $8.35 billion, a PE ratio of -17.26 and a beta of 1.37. American Airlines Group Inc. has a 52-week low of $10.09 and a 52-week high of $18.79.
American Airlines Group (NASDAQ:AAL – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The airline reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.08. American Airlines Group had a negative net margin of 0.79% and a negative return on equity of 9.11%. The firm had revenue of $16.34 billion during the quarter, compared to analyst estimates of $16.21 billion. During the same period in the previous year, the business posted ($0.17) earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities research analysts anticipate that American Airlines Group Inc. will post -1.29 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on AAL. Melius Research lowered shares of American Airlines Group from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $15.00 to $19.00 in a report on Tuesday, July 7th. Susquehanna lowered their price objective on American Airlines Group from $20.00 to $15.00 and set a “positive” rating on the stock in a research report on Wednesday, October 7th. Wells Fargo & Company cut their target price on American Airlines Group from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. JPMorgan Chase & Co. lifted their target price on American Airlines Group from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, Wall Street Zen lowered American Airlines Group from a “hold” rating to a “sell” rating in a report on Saturday, October 10th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.28.
Read Our Latest Stock Report on AAL
American Airlines Group Profile
American Airlines Group Inc is a holding company whose principal subsidiary, American Airlines, provides scheduled passenger air transportation and air cargo services. The company operates a large mainline network under the American Airlines brand and offers regional service through carriers operating as American Eagle. Its services include domestic and international flights, connecting passengers through a network of hubs and focus cities.
American Airlines serves destinations throughout the United States, as well as markets in Canada, Mexico, the Caribbean, Central and South America, Europe, Asia and other international regions.
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