Sequoia Financial Advisors LLC Makes New Investment in American Airlines Group Inc. (NASDAQ:AAL)

Sequoia Financial Advisors LLC bought a new position in American Airlines Group Inc. (NASDAQ:AAL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,151 shares of the airline’s stock, valued at approximately $114,000.

A number of other institutional investors have also recently made changes to their positions in AAL. Blue Trust Inc. lifted its position in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares in the last quarter. UMB Bank n.a. increased its position 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 valued at $32,000 after acquiring an additional 2,264 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its position in shares of 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 valued at $36,000 after buying an additional 795 shares during the period. ORG Partners LLC bought a new stake in shares of American Airlines Group during the second quarter worth $36,000. Finally, Sentry Investment Management LLC purchased a new position in shares of American Airlines Group during the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Up 0.9 %

Shares of AAL opened at $13.94 on Thursday. The firm’s fifty day moving average is $11.42 and its two-hundred day moving average is $11.76. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $16.15. The stock has a market cap of $9.16 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 EPS. As a group, research analysts anticipate that American Airlines Group Inc. will post 1.22 earnings per share for the current year.

Wall Street Analyst Weigh In

AAL has been the topic of several recent research reports. Jefferies Financial Group increased 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. Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $18.00 to $12.00 in a report on Monday, July 22nd. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Evercore reduced their price target on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Finally, TD Securities lowered their price target on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.40.

About American Airlines Group

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.