Cerity Partners LLC Raises Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Cerity Partners LLC lifted its stake in American Airlines Group Inc. (NASDAQ:AAL) by 13.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,131 shares of the airline’s stock after purchasing an additional 9,330 shares during the quarter. Cerity Partners LLC’s holdings in American Airlines Group were worth $901,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Banco Santander S.A. acquired a new stake in American Airlines Group during the 3rd quarter worth about $672,000. Primecap Management Co. CA lifted its holdings in shares of American Airlines Group by 0.8% during the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock worth $644,498,000 after purchasing an additional 458,310 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in American Airlines Group by 10,997.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock valued at $13,118,000 after buying an additional 1,156,540 shares during the last quarter. Commerce Bank increased its holdings in American Airlines Group by 6.1% in the 3rd quarter. Commerce Bank now owns 51,510 shares of the airline’s stock worth $579,000 after buying an additional 2,965 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in American Airlines Group by 482.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 154,281 shares of the airline’s stock worth $1,734,000 after buying an additional 127,809 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. TD Cowen upped their price objective 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. Jefferies Financial Group upped their price target on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday. Susquehanna upped their target price 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, Citigroup lifted their price target on American Airlines Group from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.29.

American Airlines Group Stock Up 16.8 %

AAL opened at $17.38 on Friday. The company has a market cap of $11.42 billion, a PE ratio of 52.67, a price-to-earnings-growth ratio of 0.26 and a beta of 1.41. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $17.80. The company has a 50-day moving average price of $13.32 and a 200 day moving average price of $11.81.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share 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 the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. As a group, sell-side analysts expect that American Airlines Group Inc. will post 1.49 earnings per share for the current 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.