Teachers Retirement System of The State of Kentucky lifted its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 162.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,255 shares of the airline's stock after acquiring an additional 86,847 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in American Airlines Group were worth $1,576,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Austin Private Wealth LLC purchased a new position in shares of American Airlines Group during the 3rd quarter worth approximately $723,000. Maverick Capital Ltd. lifted its position in shares of American Airlines Group by 95.3% in the second quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline's stock valued at $2,196,000 after acquiring an additional 94,573 shares in the last quarter. Sei Investments Co. boosted its stake in shares of American Airlines Group by 14.7% during the second quarter. Sei Investments Co. now owns 1,199,121 shares of the airline's stock valued at $13,586,000 after acquiring an additional 153,515 shares during the last quarter. U S Global Investors Inc. boosted its position 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 acquiring an additional 508,119 shares during the last quarter. Finally, Centiva Capital LP grew its stake in American Airlines Group by 199.9% in the 3rd quarter. Centiva Capital LP now owns 149,304 shares of the airline's stock worth $1,678,000 after acquiring an additional 99,513 shares during the period. Institutional investors and hedge funds own 52.44% of the company's stock.
Wall Street Analysts Forecast Growth
AAL has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on American Airlines Group from $15.00 to $20.00 and gave the company an "overweight" rating in a report on Friday, October 25th. UBS Group raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. TD Cowen boosted their price objective on shares of American Airlines Group from $10.00 to $17.00 and gave the company a "hold" rating in a research note on Friday, December 6th. Seaport Res Ptn upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 5th. Finally, 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. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.99.
Read Our Latest Research Report on AAL
American Airlines Group Stock Performance
Shares of NASDAQ AAL traded down $0.25 during midday trading on Wednesday, reaching $16.47. 24,960,547 shares of the company's stock were exchanged, compared to its average volume of 33,603,949. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $18.20. The business's fifty day moving average price is $14.26 and its two-hundred day moving average price is $12.01. The stock has a market capitalization of $10.82 billion, a PE ratio of 49.91, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41.
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, topping the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion for 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%. American Airlines Group's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS. Analysts predict that American Airlines Group Inc. will post 1.62 earnings per share for the current fiscal year.
American Airlines Group Profile
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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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