Principal Financial Group Inc. Grows Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Principal Financial Group Inc. raised its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 107.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,519,904 shares of the airline's stock after acquiring an additional 787,671 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of American Airlines Group worth $17,084,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in 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 acquiring an additional 806,770 shares during the last quarter. Primecap Management Co. CA boosted its position in American Airlines Group by 34.4% in the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline's stock valued at $644,466,000 after buying an additional 14,549,310 shares in the last quarter. U S Global Investors Inc. grew its stake in shares of 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 buying an additional 508,119 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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. Finally, SG Americas Securities LLC grew its holdings in shares of American Airlines Group by 743.1% during the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline's stock worth $14,013,000 after purchasing an additional 1,098,865 shares during the last quarter. Institutional investors own 52.44% of the company's stock.

Wall Street Analyst Weigh In

AAL has been the topic of several recent research reports. Barclays raised American Airlines Group from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $10.00 to $16.00 in a report on Thursday. Sanford C. Bernstein downgraded shares of American Airlines Group from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $18.00 to $12.00 in a research report on Monday, July 22nd. Evercore cut their price target on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. BNP Paribas raised American Airlines Group to a "hold" rating in a research report on Thursday, September 19th. Finally, TD Cowen lifted their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the company a "hold" rating in a research report on Friday, October 25th. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $13.96.

American Airlines Group Stock Down 0.1 %

Shares of NASDAQ:AAL traded down $0.02 on Friday, hitting $14.24. The company had a trading volume of 11,554,452 shares, compared to its average volume of 34,266,676. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $16.15. The firm's 50-day simple moving average is $12.14 and its two-hundred day simple moving average is $11.76. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 43.21, a P/E/G ratio of 0.25 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its 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. The company had revenue of $13.65 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. Equities research analysts anticipate that American Airlines Group Inc. will post 1.49 EPS for the current year.

About American Airlines Group

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.