Dynamic Technology Lab Private Ltd Grows Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Dynamic Technology Lab Private Ltd boosted its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 100.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,419 shares of the airline’s stock after purchasing an additional 32,850 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in American Airlines Group were worth $735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAL. Blue Trust Inc. increased its stake 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 period. Silvercrest Asset Management Group LLC increased its stake in American Airlines Group by 4.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock valued at $359,000 after buying an additional 978 shares during the period. CWM LLC increased its stake in American Airlines Group by 5.2% in the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock valued at $244,000 after buying an additional 1,059 shares during the period. Sunbelt Securities Inc. increased its stake in American Airlines Group by 8.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock valued at $169,000 after buying an additional 1,126 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its stake in American Airlines Group by 7.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 18,515 shares of the airline’s stock valued at $284,000 after buying an additional 1,329 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AAL shares. Citigroup upped their price target on shares of American Airlines Group from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday. Bank of America upped their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Evercore ISI upped 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 note on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, TD Cowen upped their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, American Airlines Group has an average rating of “Hold” and an average target price of $13.93.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $14.64 on Friday. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 44.36, a price-to-earnings-growth ratio of 0.27 and a beta of 1.39. The company’s 50-day moving average is $12.92 and its two-hundred day moving average is $11.81. 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 released its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. On average, equities research analysts forecast that American Airlines Group Inc. will post 1.49 earnings per share for the current fiscal year.

American Airlines Group 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.