American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by US Bancorp DE

US Bancorp DE lowered its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 16.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,227 shares of the airline’s stock after selling 2,478 shares during the period. US Bancorp DE’s holdings in American Airlines Group were worth $137,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AAL. Primecap Management Co. CA grew 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 worth $644,466,000 after acquiring an additional 14,549,310 shares during the period. 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 purchasing an additional 1,823,928 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of American Airlines Group by 743.1% during the 3rd 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 period. Vanguard Group Inc. increased its position in shares of American Airlines Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after purchasing an additional 806,770 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in American Airlines Group by 1,432.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock valued at $6,768,000 after buying an additional 558,384 shares during the period. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Stock Performance

Shares of American Airlines Group stock opened at $14.39 on Friday. The business has a 50-day simple moving average of $12.21 and a 200-day simple moving average of $11.78. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.15. The company has a market cap of $9.46 billion, a PE ratio of 43.61, a P/E/G ratio of 0.25 and a beta of 1.39.

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

Wall Street Analysts Forecast Growth

AAL has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $15.00 target price on shares of American Airlines Group in a research note on Friday. TD Securities lowered their price objective on shares of American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Evercore ISI raised their price target on 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. Finally, Evercore dropped their price objective on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.96.

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.