Geode Capital Management LLC Has $128.67 Million Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Geode Capital Management LLC trimmed its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 28.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,444,215 shares of the airline's stock after selling 4,550,906 shares during the quarter. Geode Capital Management LLC owned approximately 1.74% of American Airlines Group worth $128,665,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Austin Private Wealth LLC acquired a new stake in shares of American Airlines Group during the third quarter worth $723,000. Maverick Capital Ltd. lifted its holdings in American Airlines Group by 95.3% in the second quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline's stock worth $2,196,000 after acquiring an additional 94,573 shares during the last quarter. Sei Investments Co. boosted its stake in American Airlines Group by 14.7% in the second quarter. Sei Investments Co. now owns 1,199,121 shares of the airline's stock valued at $13,586,000 after acquiring an additional 153,515 shares during the period. U S Global Investors Inc. grew its holdings in shares of American Airlines Group by 5.9% during the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline's stock valued at $102,151,000 after purchasing an additional 508,119 shares during the last quarter. Finally, Centiva Capital LP lifted its holdings in shares of American Airlines Group by 199.9% in the 3rd quarter. Centiva Capital LP now owns 149,304 shares of the airline's stock worth $1,678,000 after purchasing an additional 99,513 shares during the last quarter. Institutional investors own 52.44% of the company's stock.

Wall Street Analysts Forecast Growth

AAL has been the subject of a number of analyst reports. Redburn Atlantic raised shares of American Airlines Group to a "hold" rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. increased their price objective on American Airlines Group from $15.00 to $20.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Seaport Res Ptn raised American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. Barclays raised their price target on American Airlines Group from $16.00 to $18.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. Finally, Jefferies Financial Group upped their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a "hold" rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, American Airlines Group has a consensus rating of "Moderate Buy" and a consensus target price of $15.99.

American Airlines Group Trading Down 1.5 %

American Airlines Group stock traded down $0.25 during mid-day trading on Wednesday, hitting $16.47. 24,960,547 shares of the company's stock were exchanged, compared to its average volume of 33,603,949. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $18.20. The stock has a 50 day moving average of $14.26 and a two-hundred day moving average of $12.01. The stock has a market cap of $10.82 billion, a P/E ratio of 49.91, a P/E/G ratio of 0.29 and a beta of 1.41.

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 (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $13.50 billion. During the same period last year, the business posted $0.38 earnings per share. The firm's revenue was up 1.2% compared to the same quarter last year. As a group, research analysts predict that American Airlines Group Inc. will post 1.62 EPS for the current fiscal 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.