Mutual of America Capital Management LLC Has $1.21 Million Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Mutual of America Capital Management LLC trimmed its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,128 shares of the airline’s stock after selling 3,974 shares during the period. Mutual of America Capital Management LLC’s holdings in American Airlines Group were worth $1,211,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AAL. Vanguard Group Inc. lifted its holdings in American Airlines Group by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock worth $1,010,566,000 after buying an additional 667,660 shares in the last quarter. U S Global Investors Inc. raised its position in shares of American Airlines Group by 18.7% during the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after acquiring an additional 2,001,247 shares during the last quarter. Invesco Ltd. lifted its stake in shares of American Airlines Group by 28.3% during the third quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock valued at $155,249,000 after acquiring an additional 2,672,793 shares during the period. Northern Trust Corp boosted its holdings in American Airlines Group by 2.1% in the third quarter. Northern Trust Corp now owns 4,748,260 shares of the airline’s stock valued at $60,825,000 after acquiring an additional 98,130 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in American Airlines Group in the third quarter worth about $59,411,000. 52.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group started coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They set a “buy” rating and a $19.00 target price on the stock. Seaport Res Ptn raised shares of American Airlines Group from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Evercore ISI reissued a “hold” rating and issued a $17.00 price target on shares of American Airlines Group in a research note on Monday, January 29th. Sanford C. Bernstein lifted their price objective on American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Finally, Citigroup reissued a “buy” rating and issued a $20.00 target price on shares of American Airlines Group in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.53.

American Airlines Group Stock Performance

Shares of AAL opened at $14.53 on Tuesday. The firm has a market cap of $9.51 billion, a P/E ratio of 13.21, a PEG ratio of 0.12 and a beta of 1.57. American Airlines Group Inc. has a twelve month low of $10.86 and a twelve month high of $19.08. The firm’s 50 day moving average price is $14.52 and its two-hundred day moving average price is $13.60.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, beating the consensus estimate of $0.11 by $0.18. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The business had revenue of $13.06 billion for the quarter, compared to analysts’ expectations of $13.01 billion. During the same period in the previous year, the firm posted $1.17 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that American Airlines Group Inc. will post 2.45 earnings per share for the current fiscal year.

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.