Fmr LLC Has $4.60 Million Position in American Airlines Group Inc. (NASDAQ:AAL)

FMR LLC boosted its holdings in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 33.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 408,968 shares of the airline's stock after buying an additional 103,506 shares during the period. FMR LLC owned approximately 0.06% of American Airlines Group worth $4,597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock worth $29,000 after buying an additional 911 shares during the period. UMB Bank n.a. grew its holdings in American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline's stock valued at $32,000 after purchasing an additional 2,264 shares during the period. ORG Partners LLC bought a new stake in American Airlines Group in the second quarter valued at approximately $36,000. Sentry Investment Management LLC acquired a new stake in American Airlines Group in the second quarter worth $36,000. Finally, First Command Advisory Services Inc. bought a new position in shares of American Airlines Group during the second quarter worth $43,000. 52.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AAL. JPMorgan Chase & Co. upped 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 report on Friday, October 25th. TD Cowen raised their price target on American Airlines Group from $10.00 to $17.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. Evercore ISI boosted their price objective on American Airlines Group from $10.00 to $12.00 and gave the company an "in-line" rating in a research report on Thursday, October 3rd. The Goldman Sachs Group reissued a "neutral" rating and set a $15.00 target price on shares of American Airlines Group in a research note on Friday, November 15th. Finally, Jefferies Financial Group lifted their price target on shares of American Airlines Group from $10.00 to $11.00 and gave the company a "hold" rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, American Airlines Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.99.

American Airlines Group Stock Down 1.9 %

Shares of NASDAQ:AAL traded down $0.32 during midday trading on Friday, reaching $16.92. The company had a trading volume of 20,174,294 shares, compared to its average volume of 33,755,289. The business's 50 day moving average price is $14.06 and its 200 day moving average price is $11.94. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $18.20. The stock has a market cap of $11.12 billion, a PE ratio of 51.27, a P/E/G ratio of 0.29 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.65 billion for the quarter, compared to analysts' expectations of $13.50 billion. During the same quarter in the prior year, the business posted $0.38 EPS. The business's revenue was up 1.2% compared to the same quarter last year. On average, research analysts expect that American Airlines Group Inc. will post 1.62 earnings per share for the current fiscal year.

American Airlines Group 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.