Creative Planning Increases Position in American Airlines Group Inc. (NASDAQ:AAL)

Creative Planning lifted its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 33.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 232,811 shares of the airline's stock after buying an additional 58,127 shares during the period. Creative Planning's holdings in American Airlines Group were worth $2,617,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Maverick Capital Ltd. increased its holdings in American Airlines Group by 95.3% in the 2nd quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline's stock valued at $2,196,000 after buying an additional 94,573 shares during the period. Sei Investments Co. boosted its position in shares of American Airlines Group by 14.7% during the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline's stock worth $13,586,000 after acquiring an additional 153,515 shares in the last quarter. ORG Partners LLC bought a new position in American Airlines Group in the second quarter valued at approximately $36,000. SG Americas Securities LLC raised its position in American Airlines Group by 743.1% during the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline's stock valued at $14,013,000 after purchasing an additional 1,098,865 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in American Airlines Group by 271.8% during the first quarter. Cetera Investment Advisers now owns 187,130 shares of the airline's stock worth $2,872,000 after purchasing an additional 136,797 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company's stock.

American Airlines Group Price Performance

Shares of AAL stock traded up $0.37 on Friday, reaching $13.15. 44,350,761 shares of the company were exchanged, compared to its average volume of 34,918,906. The company has a 50-day moving average of $11.28 and a 200-day moving average of $11.76. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 0.26 and a beta of 1.43. 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 issued its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 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 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, sell-side analysts predict that American Airlines Group Inc. will post 1.22 EPS for the current year.

Analysts Set New Price Targets

AAL has been the subject of several research analyst reports. Sanford C. Bernstein downgraded American Airlines Group from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $18.00 to $12.00 in a research note on Monday, July 22nd. BNP Paribas raised shares of American Airlines Group to a "hold" rating in a research note on Thursday, September 19th. Bank of America boosted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an "underperform" rating in a research note on Friday. TD Securities dropped their price target on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their price objective on American Airlines Group from $15.00 to $20.00 and gave the stock an "overweight" rating in a research report on Friday. 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.com, American Airlines Group presently has an average rating of "Hold" and an average price target of $13.40.

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.