KBC Group NV Buys 2,204 Shares of American Airlines Group Inc. (NASDAQ:AAL)

KBC Group NV increased its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 55.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,152 shares of the airline’s stock after buying an additional 2,204 shares during the quarter. KBC Group NV’s holdings in American Airlines Group were worth $69,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Primecap Management Co. CA grew its stake in American Airlines Group by 34.4% during the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after buying an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after acquiring an additional 1,823,928 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of American Airlines Group by 743.1% in the 3rd quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after acquiring an additional 1,098,865 shares in the last quarter. Principal Financial Group Inc. grew its position in American Airlines Group by 107.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after acquiring an additional 787,671 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in American Airlines Group by 1,432.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock valued at $6,768,000 after purchasing an additional 558,384 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Up 1.3 %

Shares of American Airlines Group stock opened at $14.38 on Friday. The stock has a market cap of $9.45 billion, a P/E ratio of 43.58, a P/E/G ratio of 0.25 and a beta of 1.39. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $16.15. The business’s 50 day moving average is $12.63 and its 200-day moving average is $11.80.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data 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 company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period in the previous year, the business earned $0.38 EPS. American Airlines Group’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that American Airlines Group Inc. will post 1.49 EPS for the current year.

Analyst Upgrades and Downgrades

AAL has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a report on Friday, November 15th. Susquehanna raised their price target on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Evercore ISI upped their price objective on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Jefferies Financial Group lifted their target price on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. Finally, Redburn Atlantic raised American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average 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.