Victory Capital Management Inc. Raises Position in American Airlines Group Inc. (NASDAQ:AAL)

Victory Capital Management Inc. lifted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 7.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,939 shares of the airline’s stock after acquiring an additional 7,642 shares during the quarter. Victory Capital Management Inc.’s holdings in American Airlines Group were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of AAL. Blue Trust Inc. raised 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 valued at $29,000 after purchasing an additional 911 shares during the last quarter. UMB Bank n.a. boosted its stake 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 worth $32,000 after buying an additional 2,264 shares during the period. ORG Partners LLC purchased a new position in shares of American Airlines Group during the second quarter worth about $36,000. Sentry Investment Management LLC acquired a new position in American Airlines Group in the 2nd quarter valued at about $36,000. Finally, First Command Advisory Services Inc. purchased a new stake in American Airlines Group during the 2nd quarter valued at approximately $43,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Price Performance

AAL opened at $14.64 on Wednesday. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.15. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 45.21, a price-to-earnings-growth ratio of 0.26 and a beta of 1.39. The business has a 50 day moving average price of $12.71 and a two-hundred day moving average price of $11.76.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts expect that American Airlines Group Inc. will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AAL has been the subject of a number of analyst reports. Barclays upgraded shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $10.00 to $16.00 in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Jefferies Financial Group boosted their target price on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. Bank of America raised their price target on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a report on Friday, October 25th. Finally, Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. One 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.93.

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.