Allworth Financial LP Has $515,000 Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Allworth Financial LP lifted its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 31.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,796 shares of the airline’s stock after buying an additional 11,050 shares during the quarter. Allworth Financial LP’s holdings in American Airlines Group were worth $515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AAL. Primecap Management Co. CA lifted its holdings in shares of American Airlines Group by 34.4% during the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after buying an additional 14,549,310 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after purchasing an additional 1,823,928 shares during the period. SG Americas Securities LLC increased its position in shares of American Airlines Group by 743.1% in the third 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% in the first 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 period. Finally, Envestnet Asset Management Inc. increased its position in shares of American Airlines Group by 1,432.3% in the second quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock worth $6,768,000 after purchasing an additional 558,384 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Trading Up 1.6 %

NASDAQ:AAL opened at $13.82 on Wednesday. The stock has a market cap of $9.08 billion, a P/E ratio of 41.88, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. The stock’s 50-day moving average is $11.35 and its 200-day moving average is $11.75. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.15.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results 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. The company had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. As a group, equities analysts forecast that American Airlines Group Inc. will post 1.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. TD Securities decreased their price target on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Susquehanna raised their price target on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Sanford C. Bernstein cut American Airlines Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $18.00 to $12.00 in a research report on Monday, July 22nd. Barclays decreased their target price on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. Finally, Bank of America lifted their target price on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, American Airlines Group presently has an average rating of “Hold” and a consensus price target of $13.40.

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.