Commerce Bank Buys 2,965 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Commerce Bank boosted its stake in American Airlines Group Inc. (NASDAQ:AAL) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,510 shares of the airline’s stock after acquiring an additional 2,965 shares during the quarter. Commerce Bank’s holdings in American Airlines Group were worth $579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares in the last quarter. UMB Bank n.a. boosted 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 purchasing an additional 2,264 shares during the last quarter. ORG Partners LLC bought a new position in American Airlines Group in the second quarter valued at $36,000. Sentry Investment Management LLC acquired a new stake in American Airlines Group in the 2nd quarter valued at $36,000. Finally, First Command Advisory Services Inc. bought a new stake in American Airlines Group during the 2nd quarter worth about $43,000. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Price Performance

AAL opened at $14.92 on Tuesday. The company has a market capitalization of $9.80 billion, a PE ratio of 45.21, a price-to-earnings-growth ratio of 0.26 and a beta of 1.39. The business has a fifty day simple moving average of $12.63 and a 200 day simple moving average of $11.76. 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 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the prior year, the company posted $0.38 earnings per share. American Airlines Group’s revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that American Airlines Group Inc. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AAL. Barclays upgraded American Airlines Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $10.00 to $16.00 in a report on Thursday, November 14th. BNP Paribas upgraded American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Jefferies Financial Group upped their price objective 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. Evercore ISI raised their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.96.

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.