Prime Capital Investment Advisors LLC Buys 2,526 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Prime Capital Investment Advisors LLC raised its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 3.6% during the 3rd quarter, Holdings Channel reports. The fund owned 72,069 shares of the airline’s stock after purchasing an additional 2,526 shares during the period. Prime Capital Investment Advisors LLC’s holdings in American Airlines Group were worth $810,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AAL. Vanguard Group Inc. grew its holdings in American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after purchasing an additional 806,770 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of American Airlines Group by 34.4% during the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after purchasing an additional 14,549,310 shares during the period. U S Global Investors Inc. boosted its position in American Airlines Group by 5.9% in the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after buying an additional 508,119 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after buying an additional 1,823,928 shares during the period. Finally, Principal Financial Group Inc. raised its position in American Airlines Group by 107.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after buying an additional 787,671 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on AAL shares. TD Cowen boosted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, October 25th. TD Securities lowered their target price on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Evercore ISI raised their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Finally, Evercore dropped their target price on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.96.

American Airlines Group Trading Up 0.9 %

NASDAQ AAL opened at $14.39 on Friday. The stock has a market cap of $9.46 billion, a P/E ratio of 43.61, a PEG ratio of 0.25 and a beta of 1.39. The company’s fifty day simple moving average is $12.21 and its 200-day simple moving average is $11.78. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data 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 net margin of 0.51% and a negative return on equity of 18.62%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. On average, research analysts expect that American Airlines Group Inc. will post 1.49 EPS 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.