Oppenheimer & Co. Inc. Makes New $122,000 Investment in American Airlines Group Inc. (NASDAQ:AAL)

Oppenheimer & Co. Inc. bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,895 shares of the airline’s stock, valued at approximately $122,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AAL. Blue Trust Inc. grew its stake in shares of American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares during the last quarter. UMB Bank n.a. lifted its holdings in American Airlines Group by 404.3% in the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after buying an additional 2,264 shares during the period. Beaird Harris Wealth Management LLC lifted its holdings in American Airlines Group by 51.3% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after buying an additional 795 shares during the period. ORG Partners LLC acquired a new position in American Airlines Group in the second quarter valued at $36,000. Finally, Sentry Investment Management LLC acquired a new position in American Airlines Group in the second quarter valued at $36,000. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Price Performance

AAL opened at $14.38 on Friday. The company has a fifty day moving average price of $12.63 and a 200-day moving average price of $11.80. The firm has a market capitalization of $9.45 billion, a P/E ratio of 43.58, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39. 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 quarterly 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. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same period in the previous year, the business earned $0.38 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts expect that American Airlines Group Inc. will post 1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

AAL has been the topic of several recent analyst reports. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Susquehanna boosted their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. TD Cowen boosted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, American Airlines Group presently has an average rating of “Hold” and an average price target of $13.96.

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.