Blue Trust Inc. Raises Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Blue Trust Inc. raised its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 56.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,533 shares of the airline’s stock after acquiring an additional 911 shares during the quarter. Blue Trust Inc.’s holdings in American Airlines Group were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Beaird Harris Wealth Management LLC boosted its stake in shares of American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after buying an additional 795 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of American Airlines Group by 1.4% in the 1st quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock worth $899,000 after buying an additional 797 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in shares of 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 worth $359,000 after buying an additional 978 shares during the last quarter. CWM LLC boosted its stake in shares of American Airlines Group by 5.2% in the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after buying an additional 1,059 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of American Airlines Group by 8.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after buying an additional 1,126 shares during the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Stock Up 1.0 %

NASDAQ:AAL opened at $13.54 on Friday. The business’s 50-day simple moving average is $11.62 and its two-hundred day simple moving average is $11.78. The stock has a market cap of $8.90 billion, a PE ratio of 41.03, a P/E/G ratio of 0.25 and a beta of 1.39. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The business 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 18.62% and a net margin of 0.51%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. Sell-side analysts anticipate that American Airlines Group Inc. will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AAL has been the topic of a number of research reports. Jefferies Financial Group raised their price target on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. TD Securities dropped their price target on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Sanford C. Bernstein downgraded American Airlines Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Finally, Barclays lowered 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, American Airlines Group currently has an average rating of “Hold” and an average target price 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.