American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 8.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 62,670 shares of the airline’s stock after selling 5,737 shares during the period. Stifel Financial Corp’s holdings in American Airlines Group were worth $704,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Austin Private Wealth LLC purchased a new stake in shares of American Airlines Group in the 3rd quarter valued at approximately $723,000. Maverick Capital Ltd. increased its holdings in American Airlines Group by 95.3% in 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 during the last quarter. Sei Investments Co. grew its stake in shares of American Airlines Group by 14.7% in the second quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock valued at $13,586,000 after buying an additional 153,515 shares in the last quarter. U S Global Investors Inc. grew its stake 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 buying an additional 508,119 shares in the last quarter. Finally, Centiva Capital LP raised its holdings in shares of American Airlines Group by 199.9% in the 3rd quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock valued at $1,678,000 after buying an additional 99,513 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Up 0.6 %

Shares of American Airlines Group stock opened at $17.35 on Thursday. The firm’s 50 day moving average is $14.76 and its two-hundred day moving average is $12.20. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $18.20. The firm has a market capitalization of $11.40 billion, a P/E ratio of 52.58, a P/E/G ratio of 0.29 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion during 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%. American Airlines Group’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. As a group, research analysts expect that American Airlines Group Inc. will post 1.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on AAL. Morgan Stanley lifted their target price on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Finally, Susquehanna increased their price objective on 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.99.

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.