Principal Financial Group Inc. Has $17.08 Million Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Principal Financial Group Inc. grew its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 107.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,519,904 shares of the airline’s stock after buying an additional 787,671 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of American Airlines Group worth $17,084,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AAL. Blue Trust Inc. raised its holdings in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares during the last quarter. UMB Bank n.a. increased its position in American Airlines Group by 404.3% in the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after acquiring an additional 2,264 shares during the period. Beaird Harris Wealth Management LLC raised its stake in shares of American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after acquiring an additional 795 shares during the last quarter. ORG Partners LLC acquired a new position in shares of American Airlines Group during the second quarter worth $36,000. Finally, Sentry Investment Management LLC bought a new stake in shares of American Airlines Group in the second quarter worth $36,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AAL shares. TD Securities lowered their target price on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Bank of America raised their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group increased their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Finally, Evercore ISI boosted their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.89.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $14.26 on Friday. The business has a 50-day simple moving average of $12.14 and a 200 day simple moving average of $11.76. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 43.21, a PEG ratio of 0.25 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.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that American Airlines Group Inc. will post 1.49 EPS 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.