Vontobel Holding Ltd. Has $436,000 Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Vontobel Holding Ltd. increased its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 110.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,815 shares of the airline’s stock after buying an additional 20,383 shares during the quarter. Vontobel Holding Ltd.’s holdings in American Airlines Group were worth $436,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its stake in American Airlines Group by 33.3% during the 3rd quarter. Creative Planning now owns 232,811 shares of the airline’s stock worth $2,617,000 after buying an additional 58,127 shares during the period. CX Institutional raised its stake in American Airlines Group by 255.3% during the 3rd quarter. CX Institutional now owns 14,345 shares of the airline’s stock worth $161,000 after buying an additional 10,308 shares during the period. Watts Gwilliam & Co. LLC purchased a new stake in shares of American Airlines Group in the third quarter worth approximately $642,000. CWM LLC raised its stake in shares of American Airlines Group by 59.3% in the third quarter. CWM LLC now owns 34,316 shares of the airline’s stock worth $386,000 after purchasing an additional 12,776 shares during the last quarter. Finally, Kwmg LLC raised its stake in shares of American Airlines Group by 7.4% in the third quarter. Kwmg LLC now owns 398,327 shares of the airline’s stock worth $4,477,000 after purchasing an additional 27,325 shares during the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Trading Down 0.1 %

Shares of NASDAQ AAL opened at $12.96 on Wednesday. The stock has a fifty day simple moving average of $11.10 and a two-hundred day simple moving average of $11.77. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.15. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The business had revenue of $14.33 billion during the quarter, compared to analyst estimates of $14.38 billion. During the same period in the prior year, the company earned $1.92 earnings per share. American Airlines Group’s revenue was up 2.0% compared to the same quarter last year. Analysts forecast that American Airlines Group Inc. will post 1.22 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. lowered their price objective on American Airlines Group from $21.00 to $15.00 in a research note on Friday, July 26th. TD Securities lowered their price objective on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Susquehanna increased their price objective on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group increased their price objective on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.09.

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.