EP Wealth Advisors LLC Increases Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

EP Wealth Advisors LLC grew its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,994 shares of the airline’s stock after purchasing an additional 2,286 shares during the period. EP Wealth Advisors LLC’s holdings in American Airlines Group were worth $326,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings 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. raised its holdings 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 in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of American Airlines Group during the 2nd quarter worth $36,000. ORG Partners LLC acquired a new position in shares of American Airlines Group during the 2nd quarter worth about $36,000. Finally, First Command Advisory Services Inc. acquired a new position in American Airlines Group in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Price Performance

American Airlines Group stock opened at $16.92 on Friday. The company has a market cap of $11.12 billion, a price-to-earnings ratio of 51.27, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $18.20. The stock’s 50-day moving average is $14.06 and its 200-day moving average is $11.95.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same quarter last year, the firm posted $0.38 earnings per share. American Airlines Group’s revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts anticipate that American Airlines Group Inc. will post 1.62 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $14.00 to $24.00 in a research note on Tuesday. Barclays upped their price objective on shares of American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a research report on Friday, November 15th. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, BNP Paribas raised shares of American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average 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.