National Bank of Canada FI Has $446,000 Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

National Bank of Canada FI lessened its holdings in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 86.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,693 shares of the airline's stock after selling 258,063 shares during the period. National Bank of Canada FI's holdings in American Airlines Group were worth $446,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Primecap Management Co. CA increased its stake in shares of American Airlines Group by 0.8% in the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline's stock worth $644,498,000 after buying an additional 458,310 shares during the last quarter. U S Global Investors Inc. raised 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 valued at $102,151,000 after buying an additional 508,119 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline's stock valued at $48,047,000 after acquiring an additional 1,823,928 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in American Airlines Group by 107.6% in the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline's stock worth $17,084,000 after purchasing an additional 787,671 shares during the period. Finally, Point72 DIFC Ltd bought a new position in shares of American Airlines Group in the 3rd quarter worth about $16,490,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

Shares of NASDAQ AAL traded down $0.40 during trading on Monday, hitting $16.52. The company had a trading volume of 15,663,081 shares, compared to its average volume of 33,680,590. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $18.20. The company has a market cap of $10.86 billion, a P/E ratio of 50.06, a PEG ratio of 0.29 and a beta of 1.41. The business's 50-day moving average is $14.06 and its 200 day moving average is $11.94.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The firm's revenue was up 1.2% compared to the same quarter last year. On average, research analysts expect that American Airlines Group Inc. will post 1.62 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Sanford C. Bernstein raised American Airlines Group from a "market perform" rating to an "outperform" rating and upped their target price for the company from $14.00 to $24.00 in a report on Tuesday, December 10th. Bank of America increased their target price on American Airlines Group from $9.00 to $10.00 and gave the stock an "underperform" rating in a research report on Friday, October 25th. The Goldman Sachs Group reissued a "neutral" rating and set a $15.00 price target on shares of American Airlines Group in a report on Friday, November 15th. BNP Paribas raised shares of American Airlines Group to a "hold" rating in a report on Thursday, September 19th. Finally, Scotiabank upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $20.00 price target on the stock in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, American Airlines Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.99.

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.