Banco Santander S.A. Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

Banco Santander S.A. purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 59,801 shares of the airline’s stock, valued at approximately $672,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAL. Austin Private Wealth LLC bought a new stake in American Airlines Group in the 3rd quarter valued at $723,000. Maverick Capital Ltd. raised its position in shares of American Airlines Group by 95.3% in the second quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock valued at $2,196,000 after purchasing an additional 94,573 shares during the period. Sei Investments Co. lifted its stake in shares of American Airlines Group by 14.7% during the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock worth $13,586,000 after buying an additional 153,515 shares during the last quarter. U S Global Investors Inc. boosted its holdings in shares of American Airlines Group by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after buying an additional 508,119 shares during the period. Finally, ORG Partners LLC acquired a new position in American Airlines Group in the 2nd quarter valued at about $36,000. Institutional investors own 52.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AAL shares. Susquehanna boosted their price objective on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. TD Cowen increased their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Finally, Evercore ISI lifted their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.96.

American Airlines Group Trading Up 1.3 %

Shares of American Airlines Group stock opened at $14.38 on Friday. The firm has a market capitalization of $9.45 billion, a PE ratio of 43.58, a price-to-earnings-growth ratio of 0.26 and a beta of 1.39. The firm’s 50 day moving average is $12.55 and its 200 day moving average is $11.80. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $16.15.

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, topping the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. As a group, research analysts anticipate 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.