Amalgamated Bank Grows Stake in American Airlines Group Inc. (NASDAQ:AAL)

Amalgamated Bank raised its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 46.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 313,746 shares of the airline's stock after purchasing an additional 100,135 shares during the quarter. Amalgamated Bank's holdings in American Airlines Group were worth $3,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Primecap Management Co. CA increased its position in shares of American Airlines Group by 34.4% during the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline's stock valued at $644,466,000 after purchasing an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP grew its position in American Airlines Group by 75.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline's stock valued at $48,047,000 after acquiring an additional 1,823,928 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of American Airlines Group by 743.1% during the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline's stock worth $14,013,000 after acquiring an additional 1,098,865 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of American Airlines Group by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline's stock worth $1,169,330,000 after acquiring an additional 806,770 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of American Airlines Group by 1,432.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline's stock worth $6,768,000 after acquiring an additional 558,384 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AAL. Redburn Atlantic upgraded shares of American Airlines Group to a "hold" rating in a research report on Tuesday, September 3rd. Jefferies Financial Group lifted their price objective on American Airlines Group from $10.00 to $11.00 and gave the stock a "hold" rating in a report on Wednesday, October 2nd. BNP Paribas raised American Airlines Group to a "hold" rating in a research note on Thursday, September 19th. Sanford C. Bernstein lowered American Airlines Group from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $18.00 to $12.00 in a research report on Monday, July 22nd. Finally, Susquehanna lifted their price target on American Airlines Group from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $13.40.

American Airlines Group Trading Up 1.4 %

NASDAQ AAL traded up $0.19 during trading on Friday, hitting $13.81. The company had a trading volume of 20,259,220 shares, compared to its average volume of 31,797,500. The company's fifty day moving average is $11.94 and its 200-day moving average is $11.74. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.15. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 41.85, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 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 analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. As a group, equities analysts anticipate that American Airlines Group Inc. will post 1.49 EPS for the current year.

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.