64,285 Shares in American Airlines Group Inc. (NASDAQ:AAL) Acquired by Austin Private Wealth LLC

Austin Private Wealth LLC acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 64,285 shares of the airline’s stock, valued at approximately $723,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank increased its position in shares of American Airlines Group by 46.9% during the third quarter. Amalgamated Bank now owns 313,746 shares of the airline’s stock worth $3,527,000 after acquiring an additional 100,135 shares in the last quarter. QRG Capital Management Inc. increased its holdings in American Airlines Group by 19.6% during the 3rd quarter. QRG Capital Management Inc. now owns 56,872 shares of the airline’s stock worth $639,000 after purchasing an additional 9,323 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of American Airlines Group by 24.2% in the third quarter. Chicago Partners Investment Group LLC now owns 12,536 shares of the airline’s stock worth $141,000 after purchasing an additional 2,446 shares during the last quarter. Lebenthal Global Advisors LLC lifted its holdings in shares of American Airlines Group by 7.2% in the third quarter. Lebenthal Global Advisors LLC now owns 66,338 shares of the airline’s stock valued at $746,000 after purchasing an additional 4,436 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of American Airlines Group by 4.8% during the third quarter. New York State Teachers Retirement System now owns 671,110 shares of the airline’s stock valued at $7,543,000 after buying an additional 30,448 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Trading Up 1.2 %

Shares of AAL stock traded up $0.16 during trading on Tuesday, reaching $13.15. 2,945,233 shares of the company’s stock traded hands, compared to its average volume of 34,552,848. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $16.15. The company has a market capitalization of $8.64 billion, a P/E ratio of 39.36, a PEG ratio of 0.24 and a beta of 1.39. The firm’s 50-day moving average is $11.67 and its 200 day moving average is $11.76.

American Airlines Group (NASDAQ:AAL) last posted its quarterly 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. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. As a group, sell-side analysts predict that American Airlines Group Inc. will post 1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AAL shares. Bank of America raised their price objective on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Sanford C. Bernstein downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $18.00 to $12.00 in a research report on Monday, July 22nd. TD Securities dropped their target price on shares of American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Finally, Evercore dropped their price target on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, American Airlines Group presently has an average rating of “Hold” and an average price target of $13.40.

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.