MML Investors Services LLC Has $218,000 Position in American Airlines Group Inc. (NASDAQ:AAL)

MML Investors Services LLC decreased its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 18.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,416 shares of the airline’s stock after selling 4,444 shares during the quarter. MML Investors Services LLC’s holdings in American Airlines Group were worth $218,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Blue Trust Inc. increased its position in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares during the period. Sunbelt Securities Inc. raised its position in shares of American Airlines Group by 8.2% in the second quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock valued at $169,000 after buying an additional 1,126 shares in the last quarter. Signaturefd LLC boosted its stake in shares of American Airlines Group by 16.5% in the second quarter. Signaturefd LLC now owns 9,470 shares of the airline’s stock valued at $107,000 after buying an additional 1,343 shares during the period. Allspring Global Investments Holdings LLC grew its position in American Airlines Group by 4.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 32,490 shares of the airline’s stock worth $368,000 after buying an additional 1,459 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in American Airlines Group by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 54,178 shares of the airline’s stock worth $614,000 after acquiring an additional 1,468 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Price Performance

AAL stock opened at $17.35 on Friday. The firm has a market cap of $11.40 billion, a PE ratio of 52.58, a P/E/G ratio of 0.29 and a beta of 1.41. The business has a 50 day moving average of $14.85 and a 200-day moving average of $12.24. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $18.20.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same period in the previous year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts expect that American Airlines Group Inc. will post 1.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AAL shares. Susquehanna boosted their price target 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. Citigroup boosted their target price on shares of American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Seaport Res Ptn raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Morgan Stanley upped their target price on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Bank of America raised their target price on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.