Private Advisor Group LLC Sells 7,341 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Private Advisor Group LLC cut its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,427 shares of the airline’s stock after selling 7,341 shares during the quarter. Private Advisor Group LLC’s holdings in American Airlines Group were worth $713,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC bought a new position in shares of American Airlines Group in the 3rd quarter worth $114,000. U S Global Investors Inc. boosted its holdings in American Airlines Group by 5.9% during the third 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 last quarter. Jade Capital Advisors LLC boosted its stake in American Airlines Group by 406.7% during the 3rd quarter. Jade Capital Advisors LLC now owns 380,000 shares of the airline’s stock worth $4,271,000 after acquiring an additional 305,000 shares during the last quarter. Blue Trust Inc. raised 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 worth $29,000 after purchasing an additional 911 shares during the period. Finally, Good Life Advisors LLC bought a new position in shares of American Airlines Group during the third quarter worth $140,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of NASDAQ AAL opened at $13.54 on Friday. The stock has a market capitalization of $8.90 billion, a PE ratio of 41.03, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $16.15. The stock has a 50 day moving average price of $11.62 and a 200 day moving average price of $11.78.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion for 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 firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share. As a group, research analysts forecast that American Airlines Group Inc. will post 1.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on AAL shares. TD Cowen raised their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. TD Securities dropped their price target on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Jefferies Financial Group boosted their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Finally, Bank of America increased their target price on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.