International Assets Investment Management LLC Has $40.38 Million Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

International Assets Investment Management LLC increased its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 1,334.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 359,284 shares of the airline's stock after purchasing an additional 334,239 shares during the quarter. International Assets Investment Management LLC owned approximately 0.05% of American Airlines Group worth $40,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAL. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of American Airlines Group by 8.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 65,234 shares of the airline's stock worth $1,001,000 after acquiring an additional 4,828 shares during the last quarter. Norden Group LLC acquired a new position in American Airlines Group in the first quarter valued at $176,000. Principal Financial Group Inc. raised its holdings in shares of American Airlines Group by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 751,621 shares of the airline's stock worth $11,537,000 after purchasing an additional 5,273 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of American Airlines Group by 15.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 92,845 shares of the airline's stock worth $1,330,000 after purchasing an additional 12,434 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in American Airlines Group in the first quarter valued at approximately $96,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Trading Up 3.4 %

NASDAQ AAL traded up $0.45 on Monday, reaching $13.60. The stock had a trading volume of 37,032,095 shares, compared to its average volume of 34,929,207. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $16.15. The business has a 50 day moving average price of $11.28 and a 200 day moving average price of $11.76. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued 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. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share. On average, analysts anticipate that American Airlines Group Inc. will post 1.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AAL shares. Sanford C. Bernstein downgraded shares of American Airlines Group from an "outperform" rating to a "market perform" rating and cut their target price for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. Evercore reduced their price objective on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. TD Securities reduced their price target on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Jefferies Financial Group increased their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the company a "hold" rating in a research report on Wednesday, October 2nd. Finally, TD Cowen lifted their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, American Airlines Group 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.