Retirement Systems of Alabama Acquires 653,012 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Retirement Systems of Alabama grew its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 451.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 797,738 shares of the airline’s stock after buying an additional 653,012 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of American Airlines Group worth $8,967,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AAL. Blue Trust Inc. boosted 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 valued at $29,000 after acquiring an additional 911 shares in the last quarter. UMB Bank n.a. lifted its position in shares of American Airlines Group by 404.3% in the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after purchasing an additional 2,264 shares during the period. Sentry Investment Management LLC bought a new stake in shares of American Airlines Group during the 2nd quarter valued at about $36,000. First Command Advisory Services Inc. purchased a new position in shares of American Airlines Group during the second quarter valued at about $43,000. Finally, Point72 Hong Kong Ltd bought a new position in American Airlines Group in the third quarter worth about $55,000. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Stock Down 2.4 %

Shares of AAL opened at $16.52 on Tuesday. The company has a market capitalization of $10.86 billion, a P/E ratio of 50.06, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $18.20. The firm has a 50 day moving average of $14.06 and a 200 day moving average of $11.94.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. On average, sell-side analysts expect that American Airlines Group Inc. will post 1.62 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Barclays lifted their price target on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Bank of America increased their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Finally, Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, American Airlines Group has an average rating of “Moderate Buy” and a consensus price target of $15.99.

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.