American Airlines Group Inc. (NASDAQ:AAL) Position Raised by Creative Planning

Creative Planning lifted its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 33.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 232,811 shares of the airline’s stock after acquiring an additional 58,127 shares during the period. Creative Planning’s holdings in American Airlines Group were worth $2,617,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AAL. HFG Advisors Inc. increased its position in American Airlines Group by 10.7% in the 1st quarter. HFG Advisors Inc. now owns 28,070 shares of the airline’s stock valued at $431,000 after acquiring an additional 2,720 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of American Airlines Group by 8.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 65,234 shares of the airline’s stock valued at $1,001,000 after purchasing an additional 4,828 shares during the period. Norden Group LLC acquired a new position in shares of American Airlines Group during the first quarter valued at $176,000. Principal Financial Group Inc. raised its stake in shares of American Airlines Group by 0.7% during the first quarter. Principal Financial Group Inc. now owns 751,621 shares of the airline’s stock valued at $11,537,000 after purchasing an additional 5,273 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in American Airlines Group by 15.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 92,845 shares of the airline’s stock worth $1,330,000 after purchasing an additional 12,434 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Trading Up 2.9 %

AAL stock opened at $13.15 on Friday. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.15. The firm has a 50-day moving average of $11.28 and a two-hundred day moving average of $11.77. The firm has a market capitalization of $8.63 billion, a PE ratio of 21.92, a P/E/G ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last issued 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 negative net margin of 0.23% and a negative return on equity of 19.49%. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that American Airlines Group Inc. will post 1.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on AAL. Sanford C. Bernstein downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $18.00 to $12.00 in a research report on Monday, July 22nd. Redburn Atlantic raised American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. increased their price target on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday. TD Securities dropped their price objective on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Finally, Jefferies Financial Group lifted their target price on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.40.

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.