Victory Capital Management Inc. Acquires 7,642 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Victory Capital Management Inc. lifted its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,939 shares of the airline’s stock after acquiring an additional 7,642 shares during the quarter. Victory Capital Management Inc.’s holdings in American Airlines Group were worth $1,269,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Primecap Management Co. CA boosted its stake in American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after purchasing an additional 14,549,310 shares during the period. U S Global Investors Inc. boosted its position in shares of American Airlines Group by 5.9% in the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after acquiring an additional 508,119 shares during the period. Dimensional Fund Advisors LP grew 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 in the last quarter. Principal Financial Group Inc. increased its position in American Airlines Group by 107.6% during the third 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 period. Finally, SG Americas Securities LLC raised its stake in 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 purchasing an additional 1,098,865 shares in the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

Shares of American Airlines Group stock opened at $14.64 on Wednesday. The company has a market capitalization of $9.62 billion, a PE ratio of 45.21, a P/E/G ratio of 0.26 and a beta of 1.39. The company has a 50-day simple moving average of $12.71 and a two-hundred day simple moving average of $11.76. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.15.

American Airlines Group (NASDAQ:AAL) last released its 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 company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the previous year, the firm earned $0.38 EPS. American Airlines Group’s revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that American Airlines Group Inc. will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AAL shares. Jefferies Financial Group upped their target price on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Citigroup upped their price objective on shares of American Airlines Group from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Evercore ISI upped their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Finally, Susquehanna lifted their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.93.

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.