OVERSEA CHINESE BANKING Corp Ltd Makes New $137,000 Investment in American Airlines Group Inc. (NASDAQ:AAL)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in American Airlines Group Inc. (NASDAQ:AAL) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 11,579 shares of the airline’s stock, valued at approximately $137,000.

Several other institutional investors have also modified their holdings of AAL. 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 acquiring an additional 795 shares during the last quarter. Blue Trust Inc. raised its position in American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares during the period. UMB Bank n.a. lifted its stake in shares of American Airlines Group by 404.3% in the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after purchasing an additional 2,264 shares during the last quarter. Sentry Investment Management LLC acquired a new position in shares of American Airlines Group in the 2nd quarter valued at $36,000. Finally, ORG Partners LLC purchased a new position in shares of American Airlines Group during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AAL. TD Securities decreased their target price on shares of American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Jefferies Financial Group lifted their target price 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. Evercore lowered their price target on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Finally, Bank of America boosted 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, October 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.89.

American Airlines Group Stock Performance

AAL stock opened at $14.26 on Friday. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $16.15. The company’s 50 day moving average price is $12.14 and its 200 day moving average price is $11.76. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 43.21, a PEG ratio of 0.25 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. Equities analysts forecast that American Airlines Group Inc. will post 1.49 EPS for the current fiscal year.

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.