American Airlines Group Inc. (NASDAQ:AAL) Stock Holdings Increased by Creative Planning

Creative Planning boosted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 33.3% during the third quarter, HoldingsChannel.com reports. The firm owned 232,811 shares of the airline’s stock after acquiring an additional 58,127 shares during the period. Creative Planning’s holdings in American Airlines Group were worth $2,617,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AAL. Primecap Management Co. CA boosted its stake in shares of American Airlines Group by 34.4% during the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after buying an additional 14,549,310 shares during the period. Dimensional Fund Advisors LP boosted its position in American Airlines Group by 75.5% during the second 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 boosted its position in American Airlines Group by 743.1% during 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 last quarter. Vanguard Group Inc. grew its stake in American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock valued at $1,169,330,000 after purchasing an additional 806,770 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased 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 worth $6,768,000 after purchasing an additional 558,384 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Trading Up 2.9 %

Shares of AAL stock opened at $13.15 on Friday. The company has a market capitalization of $8.63 billion, a P/E ratio of 21.92, a P/E/G 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. The stock has a 50 day moving average of $11.28 and a two-hundred day moving average of $11.77.

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

Wall Street Analyst Weigh In

Several research firms have commented on AAL. Susquehanna boosted 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 report on Wednesday, October 9th. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Barclays reduced their price target 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. Bank of America increased their price objective on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a report on Friday. Finally, TD Cowen raised their price objective on American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.40.

American Airlines Group Company 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.