Blue Trust Inc. Raises Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Blue Trust Inc. grew its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 56.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,533 shares of the airline’s stock after buying an additional 911 shares during the quarter. Blue Trust Inc.’s holdings in American Airlines Group were worth $29,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Beaird Harris Wealth Management LLC lifted its holdings in American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after buying an additional 795 shares during the period. Empirical Finance LLC lifted its holdings in American Airlines Group by 1.4% in the 1st quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock worth $899,000 after buying an additional 797 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in American Airlines Group by 4.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock worth $359,000 after buying an additional 978 shares during the period. CWM LLC lifted its holdings in American Airlines Group by 5.2% in the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after buying an additional 1,059 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in American Airlines Group by 8.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after buying an additional 1,126 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Up 1.0 %

AAL stock opened at $13.54 on Friday. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $16.15. The firm has a market cap of $8.90 billion, a PE ratio of 41.03, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39. The business has a 50 day moving average of $11.62 and a 200 day moving average of $11.78.

American Airlines Group (NASDAQ:AAL) last issued its 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 return on equity of 18.62% and a net margin of 0.51%. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same period last year, the business posted $0.38 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. On average, research analysts expect that American Airlines Group Inc. will post 1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on AAL shares. Barclays dropped their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Evercore decreased their target price on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Susquehanna increased their target price on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. BNP Paribas raised American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Finally, TD Securities decreased their target price on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.