SG Americas Securities LLC Grows Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

SG Americas Securities LLC raised its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 743.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,246,742 shares of the airline’s stock after buying an additional 1,098,865 shares during the period. SG Americas Securities LLC owned about 0.19% of American Airlines Group worth $14,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AAL. Vermillion & White Wealth Management Group LLC purchased a new position in American Airlines Group in the fourth quarter valued at $27,000. UMB Bank n.a. raised its stake in shares of 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. Quarry LP purchased a new stake in shares of American Airlines Group during the fourth quarter worth approximately $34,000. Beaird Harris Wealth Management LLC raised its position in American Airlines Group by 51.3% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after acquiring an additional 795 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in American Airlines Group in the second quarter worth $36,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Jefferies Financial Group increased their price objective on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday. BNP Paribas upgraded American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. TD Cowen upped their target price on American Airlines Group from $7.00 to $9.00 and gave the company a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on American Airlines Group from $21.00 to $15.00 in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.15.

American Airlines Group Price Performance

NASDAQ:AAL traded up $0.69 during mid-day trading on Friday, reaching $11.51. The company’s stock had a trading volume of 53,747,484 shares, compared to its average volume of 34,929,742. The company’s fifty day simple moving average is $10.53 and its two-hundred day simple moving average is $12.01. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $16.15. The stock has a market cap of $7.55 billion, a P/E ratio of 19.18, a P/E/G ratio of 0.27 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $14.33 billion for the quarter, compared to the consensus estimate of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $1.92 EPS. Sell-side analysts expect that American Airlines Group Inc. will post 1.07 EPS 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.