Mutual of America Capital Management LLC Has $3.99 Million Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Mutual of America Capital Management LLC grew its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 328.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 354,915 shares of the airline’s stock after purchasing an additional 272,143 shares during the period. Mutual of America Capital Management LLC’s holdings in American Airlines Group were worth $3,989,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in American Airlines Group by 56.2% during the third 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 last quarter. UMB Bank n.a. increased its holdings in 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 last quarter. Beaird Harris Wealth Management LLC increased its holdings in American Airlines Group by 51.3% during the first 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. ORG Partners LLC acquired a new position in American Airlines Group during the second quarter worth $36,000. Finally, Sentry Investment Management LLC acquired a new position in American Airlines Group during the second quarter worth $36,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

Shares of American Airlines Group stock opened at $14.21 on Friday. The firm has a 50-day moving average of $12.49 and a 200-day moving average of $11.78. The stock has a market cap of $9.34 billion, a PE ratio of 43.82, a PEG ratio of 0.26 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 announced 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 during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. American Airlines Group’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share. Equities research analysts predict that American Airlines Group Inc. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Securities lowered their target price on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Susquehanna boosted their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Jefferies Financial Group boosted their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research report on Friday, November 15th. Finally, Bank of America lifted their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.96.

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.