UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in American Airlines Group Inc. (NASDAQ:AAL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 42.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 645,782 shares of the airline's stock after selling 473,235 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of American Airlines Group worth $7,259,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Cetera Advisors LLC grew its stake in American Airlines Group by 18.2% during the first quarter. Cetera Advisors LLC now owns 35,591 shares of the airline's stock worth $546,000 after purchasing an additional 5,480 shares during the period. CWM LLC boosted its stake in American Airlines Group by 5.2% during the 2nd quarter. CWM LLC now owns 21,540 shares of the airline's stock valued at $244,000 after purchasing an additional 1,059 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of American Airlines Group by 92.8% in the second quarter. QRG Capital Management Inc. now owns 47,549 shares of the airline's stock worth $539,000 after purchasing an additional 22,893 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of American Airlines Group by 132.8% in the second quarter. SG Americas Securities LLC now owns 147,877 shares of the airline's stock valued at $1,675,000 after purchasing an additional 598,941 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of American Airlines Group by 8.6% in the second quarter. Czech National Bank now owns 125,024 shares of the airline's stock valued at $1,417,000 after purchasing an additional 9,919 shares in the last quarter. Institutional investors own 52.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AAL. Scotiabank raised American Airlines Group from a "neutral" rating to a "buy" rating and set a $20.00 price target for the company in a research report on Thursday, December 5th. UBS Group downgraded shares of American Airlines Group from a "buy" rating to a "neutral" rating and set a $16.00 target price for the company. in a report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Citigroup increased their price objective on shares of American Airlines Group from $16.00 to $19.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, BNP Paribas raised American Airlines Group to a "hold" rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, American Airlines Group currently has an average rating of "Hold" and an average target price of $15.52.

American Airlines Group Stock Up 1.9 %

AAL traded up $0.33 during trading on Tuesday, reaching $17.49. 33,584,150 shares of the company were exchanged, compared to its average volume of 33,934,648. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 53.00, a P/E/G ratio of 0.30 and a beta of 1.41. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $18.20. The company's 50-day moving average is $13.69 and its two-hundred day moving average is $11.85.

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. Equities analysts forecast that American Airlines Group Inc. will post 1.53 earnings per share for the current year.

American Airlines Group Company 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.