American Airlines Group Inc. (NASDAQ:AAL) Holdings Lifted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 10,997.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,167,056 shares of the airline's stock after purchasing an additional 1,156,540 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.18% of American Airlines Group worth $13,118,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UniSuper Management Pty Ltd boosted its stake in shares of American Airlines Group by 1,144.1% in the first quarter. UniSuper Management Pty Ltd now owns 60,065 shares of the airline's stock valued at $922,000 after purchasing an additional 55,237 shares during the period. Bessemer Group Inc. grew its stake in American Airlines Group by 4,915.6% during the 1st quarter. Bessemer Group Inc. now owns 142,392 shares of the airline's stock worth $2,186,000 after buying an additional 139,553 shares during the last quarter. Natixis acquired a new position in shares of American Airlines Group in the 1st quarter valued at $2,296,000. Price T Rowe Associates Inc. MD boosted its stake in shares of American Airlines Group by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 876,505 shares of the airline's stock worth $13,455,000 after buying an additional 9,857 shares during the period. Finally, Beaird Harris Wealth Management LLC increased its holdings in shares of American Airlines Group by 51.3% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline's stock valued at $36,000 after purchasing an additional 795 shares during the period. Institutional investors and hedge funds own 52.44% of the company's stock.

American Airlines Group Stock Performance

Shares of AAL stock traded up $0.17 during mid-day trading on Friday, reaching $14.37. 19,933,659 shares of the company were exchanged, compared to its average volume of 34,032,164. The company has a market capitalization of $9.44 billion, a P/E ratio of 43.07, a P/E/G ratio of 0.26 and a beta of 1.39. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $16.15. The business's 50 day simple moving average is $12.55 and its 200 day simple moving average is $11.80.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the previous year, the business earned $0.38 EPS. The business's quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts forecast that American Airlines Group Inc. will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AAL shares. Redburn Atlantic raised American Airlines Group to a "hold" rating in a report on Tuesday, September 3rd. Evercore reduced their target price on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. Bank of America lifted their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an "underperform" rating in a report on Friday, October 25th. The Goldman Sachs Group reissued a "neutral" rating and issued a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of American Airlines Group from $15.00 to $20.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, American Airlines Group currently has an average rating of "Hold" and a consensus target price of $13.96.

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.