International Assets Investment Management LLC Boosts Holdings in American Airlines Group Inc. (NASDAQ:AAL)

International Assets Investment Management LLC boosted its stake in American Airlines Group Inc. (NASDAQ:AAL) by 1,334.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 359,284 shares of the airline’s stock after acquiring an additional 334,239 shares during the period. International Assets Investment Management LLC owned about 0.05% of American Airlines Group worth $40,380,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AAL. Primecap Management Co. CA boosted its position in shares of 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. Dimensional Fund Advisors LP grew its stake in shares of American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after purchasing an additional 1,823,928 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of American Airlines Group by 743.1% in the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock valued at $14,013,000 after purchasing an additional 1,098,865 shares during the period. Vanguard Group Inc. lifted its holdings in shares of American Airlines Group by 1.1% during the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after purchasing an additional 806,770 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in American Airlines Group by 1,432.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock valued at $6,768,000 after buying an additional 558,384 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Analyst Upgrades and Downgrades

AAL has been the subject of several recent analyst reports. Susquehanna raised their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Jefferies Financial Group boosted their target price on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. TD Securities reduced their price target on American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Sanford C. Bernstein downgraded American Airlines Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. Finally, Barclays cut their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.40.

American Airlines Group Price Performance

Shares of NASDAQ AAL opened at $13.15 on Monday. The firm’s 50-day moving average is $11.28 and its two-hundred day moving average is $11.76. The company has a market capitalization of $8.63 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $16.15.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. American Airlines Group’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, analysts forecast that American Airlines Group Inc. will post 1.22 EPS for the current fiscal year.

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.