64,285 Shares in American Airlines Group Inc. (NASDAQ:AAL) Purchased by Austin Private Wealth LLC

Austin Private Wealth LLC bought a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 64,285 shares of the airline's stock, valued at approximately $723,000.

Several other hedge funds also recently bought and sold shares of AAL. Vanguard Group Inc. grew its stake in shares of American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline's stock valued at $1,169,330,000 after buying an additional 806,770 shares in the last quarter. Primecap Management Co. CA grew its position in American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline's stock valued at $644,466,000 after acquiring an additional 14,549,310 shares in the last quarter. U S Global Investors Inc. increased its stake in American Airlines Group by 5.9% during the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline's stock worth $102,151,000 after purchasing an additional 508,119 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of American Airlines Group by 75.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline's stock worth $48,047,000 after purchasing an additional 1,823,928 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of American Airlines Group by 743.1% in 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 during the period. Hedge funds and other institutional investors own 52.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AAL. Susquehanna upped their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. TD Securities reduced their price objective on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Redburn Atlantic upgraded American Airlines Group to a "hold" rating in a report on Tuesday, September 3rd. Evercore ISI upped their price target on American Airlines Group from $10.00 to $12.00 and gave the stock an "in-line" rating in a report on Thursday, October 3rd. Finally, Barclays decreased their price objective on American Airlines Group from $14.00 to $10.00 and set an "underweight" rating for the company in a research note on Wednesday, July 10th. Two 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, the stock has a consensus rating of "Hold" and an average price target of $13.40.

American Airlines Group Stock Up 1.5 %

AAL traded up $0.20 on Tuesday, reaching $13.19. The company had a trading volume of 19,088,191 shares, compared to its average volume of 34,628,238. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $16.15. The stock has a market capitalization of $8.67 billion, a PE ratio of 39.97, a P/E/G ratio of 0.24 and a beta of 1.39. The stock has a 50-day moving average price of $11.73 and a 200-day moving average price of $11.75.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results 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 business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS. As a group, analysts expect that American Airlines Group Inc. will post 1.49 earnings per share 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.