Cwm LLC Has $386,000 Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Cwm LLC raised its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 59.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 34,316 shares of the airline’s stock after purchasing an additional 12,776 shares during the quarter. Cwm LLC’s holdings in American Airlines Group were worth $386,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AAL. Maverick Capital Ltd. lifted its stake in shares of American Airlines Group by 95.3% in the 2nd quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock valued at $2,196,000 after purchasing an additional 94,573 shares during the period. Sei Investments Co. lifted its stake in American Airlines Group by 14.7% in the second quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock valued at $13,586,000 after buying an additional 153,515 shares during the period. ORG Partners LLC bought a new position in shares of American Airlines Group during the 2nd quarter worth approximately $36,000. SG Americas Securities LLC grew its position in shares of American Airlines Group by 743.1% during the 3rd quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after buying an additional 1,098,865 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of American Airlines Group by 271.8% in the 1st quarter. Cetera Investment Advisers now owns 187,130 shares of the airline’s stock valued at $2,872,000 after acquiring an additional 136,797 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Price Performance

AAL opened at $13.09 on Monday. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $16.15. The company’s 50-day moving average is $10.97 and its 200 day moving average is $11.78. The firm has a market capitalization of $8.59 billion, a P/E ratio of 21.82, a PEG ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping the consensus estimate of $1.04 by $0.05. The firm had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 EPS. On average, equities research analysts expect that American Airlines Group Inc. will post 1.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AAL. Susquehanna increased their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. TD Securities reduced their target price on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. BNP Paribas raised American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on American Airlines Group from $21.00 to $15.00 in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.09.

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.