U S Global Investors Inc. Has $102.15 Million Stake in American Airlines Group Inc. (NASDAQ:AAL)

U S Global Investors Inc. boosted its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,088,188 shares of the airline's stock after buying an additional 508,119 shares during the quarter. American Airlines Group makes up approximately 9.8% of U S Global Investors Inc.'s holdings, making the stock its 3rd largest holding. U S Global Investors Inc. owned about 1.39% of American Airlines Group worth $102,151,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AAL. Blue Trust Inc. lifted its stake in shares of American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock valued at $29,000 after purchasing an additional 911 shares during the period. UMB Bank n.a. lifted 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 period. Beaird Harris Wealth Management LLC lifted its stake in shares of American Airlines Group by 51.3% in the 1st 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. ORG Partners LLC acquired a new position in shares of American Airlines Group in the 2nd quarter valued at $36,000. Finally, Sentry Investment Management LLC acquired a new position in shares of American Airlines Group in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 52.44% of the company's stock.

American Airlines Group Trading Down 0.1 %

Shares of NASDAQ AAL traded down $0.01 during mid-day trading on Tuesday, hitting $12.96. The company had a trading volume of 24,125,640 shares, compared to its average volume of 34,745,340. The company has a market capitalization of $8.50 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. The firm has a 50-day simple moving average of $11.04 and a two-hundred day simple moving average of $11.78. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.15.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. The company had revenue of $14.33 billion during the quarter, compared to analysts' expectations of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. American Airlines Group's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 EPS. Sell-side analysts expect that American Airlines Group Inc. will post 1.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AAL has been the topic of a number of analyst reports. Evercore ISI increased their price target on American Airlines Group from $10.00 to $12.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd. Sanford C. Bernstein downgraded American Airlines Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $18.00 to $12.00 in a research note on Monday, July 22nd. Jefferies Financial Group raised their price objective on American Airlines Group from $10.00 to $11.00 and gave the stock a "hold" rating in a research note on Wednesday, October 2nd. TD Securities dropped their price objective on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Finally, Susquehanna raised their price objective 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 analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.09.

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.