Penserra Capital Management LLC Has $444,000 Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Penserra Capital Management LLC reduced its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 21.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,582 shares of the airline’s stock after selling 10,964 shares during the period. Penserra Capital Management LLC’s holdings in American Airlines Group were worth $444,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying 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 purchasing an additional 2,264 shares during the period. Sentry Investment Management LLC bought a new stake in shares of American Airlines Group during the second quarter valued at approximately $36,000. ORG Partners LLC bought a new stake in shares of American Airlines Group during the second quarter valued at approximately $36,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of American Airlines Group during the second quarter valued at approximately $43,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Performance

NASDAQ AAL opened at $14.64 on Friday. The stock has a 50-day simple moving average of $12.92 and a 200 day simple moving average of $11.81. 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 12 month low of $9.07 and a 12 month high of $16.15.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results 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 during 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%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. As a group, sell-side analysts predict that American Airlines Group Inc. will post 1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AAL has been the topic of a number of research reports. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Barclays upgraded American Airlines Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $10.00 to $16.00 in a research report on Thursday, November 14th. The Goldman Sachs Group restated a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research report on Friday, November 15th. Citigroup boosted their price target on American Airlines Group from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.93.

About American Airlines Group

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.