US Bancorp DE Cuts Stake in American Airlines Group Inc. (NASDAQ:AAL)

US Bancorp DE lessened its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,227 shares of the airline’s stock after selling 2,478 shares during the period. US Bancorp DE’s holdings in American Airlines Group were worth $137,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AAL. Maverick Capital Ltd. increased its stake in American Airlines Group by 95.3% during 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 in the last quarter. Sei Investments Co. increased its position in shares of American Airlines Group by 14.7% in the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock valued at $13,586,000 after acquiring an additional 153,515 shares during the period. U S Global Investors Inc. raised its stake in American Airlines Group by 5.9% in the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after acquiring an additional 508,119 shares during the last quarter. ORG Partners LLC acquired a new stake in American Airlines Group during the 2nd quarter worth about $36,000. Finally, SG Americas Securities LLC grew its stake in 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 valued at $14,013,000 after purchasing an additional 1,098,865 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $14.39 on Friday. The stock has a market capitalization of $9.46 billion, a PE ratio of 43.61, a P/E/G ratio of 0.25 and a beta of 1.39. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $16.15. The company has a fifty day moving average of $12.21 and a two-hundred day moving average of $11.78.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm 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 company’s revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts forecast that American Airlines Group Inc. will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on AAL. Redburn Atlantic raised American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a report on Friday. TD Cowen raised their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 25th. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Finally, Evercore ISI lifted their price objective on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.96.

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.