Centiva Capital LP Grows Position in American Airlines Group Inc. (NASDAQ:AAL)

Centiva Capital LP boosted its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 199.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 149,304 shares of the airline’s stock after acquiring an additional 99,513 shares during the period. Centiva Capital LP’s holdings in American Airlines Group were worth $1,678,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of AAL. B. Riley Wealth Advisors Inc. increased its position in American Airlines Group by 7.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 18,515 shares of the airline’s stock valued at $284,000 after acquiring an additional 1,329 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of American Airlines Group by 271.8% in the first quarter. Cetera Investment Advisers now owns 187,130 shares of the airline’s stock worth $2,872,000 after buying an additional 136,797 shares during the last quarter. Cetera Advisors LLC grew its position in American Airlines Group by 18.2% during the first quarter. Cetera Advisors LLC now owns 35,591 shares of the airline’s stock valued at $546,000 after buying an additional 5,480 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of American Airlines Group by 324.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 10,707 shares of the airline’s stock valued at $162,000 after acquiring an additional 8,185 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of American Airlines Group by 70.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,885 shares of the airline’s stock worth $78,000 after purchasing an additional 2,836 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Performance

NASDAQ AAL opened at $14.47 on Wednesday. The company’s 50-day simple moving average is $13.13 and its two-hundred day simple moving average is $11.75. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.15. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 43.85, a price-to-earnings-growth ratio of 0.26 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last posted 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. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. American Airlines Group’s revenue was up 1.2% on a year-over-year basis. Equities analysts expect that American Airlines Group Inc. will post 1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

AAL has been the subject of a number of analyst reports. Susquehanna upped their price target on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Jefferies Financial Group raised their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. lifted their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Citigroup boosted their price objective on American Airlines Group from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.93.

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.