Thrivent Financial for Lutherans Has $1.73 Million Stake in American Airlines Group Inc. (NASDAQ:AAL)

Thrivent Financial for Lutherans increased its position in American Airlines Group Inc. (NASDAQ:AAL) by 482.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,281 shares of the airline’s stock after purchasing an additional 127,809 shares during the quarter. Thrivent Financial for Lutherans’ holdings in American Airlines Group were worth $1,734,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares during the period. UMB Bank n.a. lifted its holdings in shares of 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 period. ORG Partners LLC acquired a new stake in shares of American Airlines Group in the 2nd quarter valued at $36,000. Sentry Investment Management LLC bought a new stake in shares of American Airlines Group in the 2nd quarter worth about $36,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of American Airlines Group during the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of AAL opened at $14.52 on Friday. The stock has a 50 day simple moving average of $12.99 and a 200 day simple moving average of $11.80. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $16.15. The firm has a market capitalization of $9.54 billion, a PE ratio of 44.00, a P/E/G ratio of 0.26 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. Equities research analysts predict that American Airlines Group Inc. will post 1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AAL. TD Cowen increased their price target on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. BNP Paribas upgraded American Airlines Group to a “hold” rating in a report on Thursday, September 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $15.00 price target on shares of American Airlines Group in a report on Friday, November 15th. Evercore ISI increased their price target on shares of 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. Finally, Barclays raised shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $10.00 to $16.00 in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $13.93.

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.