Primecap Management Co. CA boosted its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,339,666 shares of the airline's stock after purchasing an additional 458,310 shares during the period. Primecap Management Co. CA owned 8.73% of American Airlines Group worth $644,498,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of AAL. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of American Airlines Group by 10,997.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline's stock valued at $13,118,000 after purchasing an additional 1,156,540 shares in the last quarter. Commerce Bank boosted its position in shares of American Airlines Group by 6.1% during the 3rd quarter. Commerce Bank now owns 51,510 shares of the airline's stock valued at $579,000 after purchasing an additional 2,965 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of American Airlines Group by 482.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 154,281 shares of the airline's stock valued at $1,734,000 after purchasing an additional 127,809 shares in the last quarter. Tower Bridge Advisors bought a new stake in shares of American Airlines Group during the 3rd quarter valued at about $125,000. Finally, Mutual of America Capital Management LLC boosted its position in shares of American Airlines Group by 328.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 354,915 shares of the airline's stock valued at $3,989,000 after purchasing an additional 272,143 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company's stock.
American Airlines Group Price Performance
American Airlines Group stock opened at $14.46 on Thursday. The firm has a market capitalization of $9.50 billion, a P/E ratio of 43.82, a PEG ratio of 0.26 and a beta of 1.39. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.15. The business has a fifty day moving average price of $12.41 and a 200-day moving average price of $11.76.
American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. Sell-side analysts expect that American Airlines Group Inc. will post 1.49 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. BNP Paribas raised American Airlines Group to a "hold" rating in a research note on Thursday, September 19th. TD Securities dropped their price target on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Bank of America upped their price target on American Airlines Group from $9.00 to $10.00 and gave the stock an "underperform" rating in a research note on Friday, October 25th. Barclays raised American Airlines Group from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $10.00 to $16.00 in a research note on Thursday, November 14th. Finally, Evercore lowered their price objective on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, American Airlines Group has an average rating of "Hold" and an average target price of $13.96.
Check Out Our Latest Analysis on AAL
About American Airlines Group
(
Free Report)
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.
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