Dynamic Technology Lab Private Ltd Raises Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Dynamic Technology Lab Private Ltd boosted its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 100.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,419 shares of the airline’s stock after purchasing an additional 32,850 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in American Airlines Group were worth $735,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AAL. Blue Trust Inc. raised its stake in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares during the period. UMB Bank n.a. increased its position in shares of American Airlines Group by 404.3% during the second 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 last quarter. ORG Partners LLC acquired a new stake in shares of American Airlines Group during the second quarter valued at about $36,000. Sentry Investment Management LLC acquired a new stake in shares of American Airlines Group during the second quarter valued at about $36,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of American Airlines Group during the second quarter valued at about $43,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AAL shares. Susquehanna lifted their price target on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. TD Cowen lifted their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Jefferies Financial Group lifted their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group restated a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a report on Friday, November 15th. Finally, Bank of America lifted their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Airlines Group currently has a consensus rating of “Hold” and a consensus price target of $13.93.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL opened at $14.64 on Friday. The company has a market capitalization of $9.62 billion, a PE ratio of 44.36, a P/E/G ratio of 0.27 and a beta of 1.39. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $16.15. The firm has a 50 day simple moving average of $12.92 and a 200-day simple moving average of $11.81.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share 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 business 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 firm earned $0.38 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts predict that American Airlines Group Inc. will post 1.49 EPS for the current fiscal 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.