Mutual of America Capital Management LLC Boosts Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Mutual of America Capital Management LLC lifted its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 328.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 354,915 shares of the airline's stock after buying an additional 272,143 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of American Airlines Group worth $3,989,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Beaird Harris Wealth Management LLC grew its position in American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline's stock worth $36,000 after buying an additional 795 shares in the last quarter. Blue Trust Inc. raised its position in shares of American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock worth $29,000 after acquiring an additional 911 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of American Airlines Group by 404.3% in the 2nd 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 last quarter. Sentry Investment Management LLC bought a new stake in American Airlines Group during the second quarter valued at $36,000. Finally, ORG Partners LLC acquired a new stake in American Airlines Group during the second quarter worth approximately $36,000. Institutional investors and hedge funds own 52.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AAL shares. Jefferies Financial Group upped their target price on American Airlines Group from $10.00 to $11.00 and gave the company a "hold" rating in a report on Wednesday, October 2nd. Susquehanna raised their price target on shares of American Airlines Group from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Redburn Atlantic raised American Airlines Group to a "hold" rating in a research note on Tuesday, September 3rd. Evercore ISI increased their price target on shares of 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. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. 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 company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $13.96.

American Airlines Group Price Performance

Shares of NASDAQ:AAL traded up $0.18 during trading on Friday, reaching $14.38. 20,180,010 shares of the company were exchanged, compared to its average volume of 34,047,801. The firm has a market capitalization of $9.45 billion, a PE ratio of 43.07, a P/E/G ratio of 0.26 and a beta of 1.39. The business's fifty day simple moving average is $12.55 and its 200-day simple moving average is $11.80. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $16.15.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share 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 firm 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 company posted $0.38 earnings per share. The firm's quarterly revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that American Airlines Group Inc. will post 1.49 EPS 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.