UMB Bank n.a. Purchases 2,264 Shares of American Airlines Group Inc. (NASDAQ:AAL)

UMB Bank n.a. lifted its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 404.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,824 shares of the airline’s stock after acquiring an additional 2,264 shares during the period. UMB Bank n.a.’s holdings in American Airlines Group were worth $32,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC bought a new stake in American Airlines Group in the 2nd quarter worth approximately $36,000. Cetera Investment Advisers grew its position in American Airlines Group by 271.8% in the 1st quarter. Cetera Investment Advisers now owns 187,130 shares of the airline’s stock worth $2,872,000 after purchasing an additional 136,797 shares during the period. GAMMA Investing LLC bought a new stake in American Airlines Group in the 4th quarter worth approximately $38,000. Envestnet Portfolio Solutions Inc. bought a new stake in American Airlines Group in the 2nd quarter worth approximately $5,452,000. Finally, Federated Hermes Inc. grew its position in American Airlines Group by 32.2% in the 4th quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock worth $57,000 after purchasing an additional 1,003 shares during the period. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Up 2.2 %

Shares of AAL stock opened at $10.62 on Friday. The stock has a market cap of $6.97 billion, a P/E ratio of 17.70, a PEG ratio of 0.21 and a beta of 1.44. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $16.15. The company’s fifty day simple moving average is $10.48 and its two-hundred day simple moving average is $12.66.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping the consensus estimate of $1.04 by $0.05. The business had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 EPS. On average, analysts anticipate that American Airlines Group Inc. will post 0.96 EPS for the current fiscal year.

Analyst Ratings Changes

AAL has been the subject of a number of research analyst reports. Sanford C. Bernstein downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $18.00 to $12.00 in a research report on Monday, July 22nd. JPMorgan Chase & Co. cut their price objective on shares of American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. Seaport Res Ptn downgraded shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. TD Securities cut their price objective on shares of American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Finally, Evercore ISI cut their price objective on shares of American Airlines Group to $10.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, American Airlines Group has an average rating of “Hold” and a consensus price target of $13.73.

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.