Louisiana State Employees Retirement System Has $2.05 Million Stake in American Airlines Group Inc. (NASDAQ:AAL)

Louisiana State Employees Retirement System lifted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 390.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,000 shares of the airline's stock after purchasing an additional 144,900 shares during the quarter. Louisiana State Employees Retirement System's holdings in American Airlines Group were worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Blue Trust Inc. lifted its holdings in 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 acquiring an additional 911 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline's stock valued at $32,000 after buying an additional 2,264 shares during the last quarter. Beaird Harris Wealth Management LLC increased its stake in shares of American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline's stock worth $36,000 after purchasing an additional 795 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of American Airlines Group in the second quarter worth about $36,000. Finally, Sentry Investment Management LLC acquired a new position in American Airlines Group during the second quarter valued at approximately $36,000. Institutional investors own 52.44% of the company's stock.

American Airlines Group Stock Performance

Shares of AAL stock traded up $0.12 during trading on Wednesday, hitting $13.94. The company had a trading volume of 22,430,577 shares, compared to its average volume of 34,840,414. The firm has a market capitalization of $9.16 billion, a P/E ratio of 41.88, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. The stock's 50-day moving average price is $11.42 and its 200 day moving average price is $11.76. 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 posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.14. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. American Airlines Group's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts anticipate that American Airlines Group Inc. will post 1.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AAL shares. Jefferies Financial Group increased their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the company a "hold" rating in a research note on Wednesday, October 2nd. Evercore reduced their price objective on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. TD Securities cut their target price on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. BNP Paribas upgraded American Airlines Group to a "hold" rating in a report on Thursday, September 19th. Finally, Evercore ISI lifted their price objective on American Airlines Group from $10.00 to $12.00 and gave the company an "in-line" rating in a report on Thursday, October 3rd. Two equities research 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.com, the company presently has a consensus rating of "Hold" and an average target price of $13.40.

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.