Quantinno Capital Management LP increased its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 650.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 307,359 shares of the airline's stock after purchasing an additional 266,424 shares during the quarter. Quantinno Capital Management LP's holdings in American Airlines Group were worth $3,455,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock worth $29,000 after acquiring an additional 911 shares during the period. UMB Bank n.a. grew its holdings in 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 in the last quarter. Sentry Investment Management LLC bought a new stake in shares of American Airlines Group during the second quarter valued at about $36,000. ORG Partners LLC purchased a new stake in American Airlines Group in the 2nd quarter worth approximately $36,000. Finally, First Command Advisory Services Inc. purchased a new position in American Airlines Group during the second quarter worth about $43,000. Hedge funds and other institutional investors own 52.44% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Susquehanna increased their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $15.00 target price on shares of American Airlines Group in a research report on Friday, November 15th. Citigroup lifted their price target on American Airlines Group from $16.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Scotiabank raised American Airlines Group from a "neutral" rating to a "buy" rating and set a $20.00 price objective for the company in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $15.52.
Read Our Latest Analysis on AAL
American Airlines Group Trading Up 1.6 %
Shares of NASDAQ AAL traded up $0.28 during trading hours on Tuesday, reaching $17.44. The stock had a trading volume of 24,893,689 shares, compared to its average volume of 33,893,965. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 52.00, a P/E/G ratio of 0.30 and a beta of 1.41. The business's fifty day moving average price is $13.56 and its two-hundred day moving average price is $11.83. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $18.21.
American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. The firm 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 company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. Equities research analysts anticipate that American Airlines Group Inc. will post 1.53 earnings per share for the current fiscal year.
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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