Coastwise Capital Group LLC Has $425,000 Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Coastwise Capital Group LLC boosted its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 5.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,840 shares of the airline’s stock after acquiring an additional 1,900 shares during the quarter. Coastwise Capital Group LLC’s holdings in American Airlines Group were worth $425,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Primecap Management Co. CA boosted its position in 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 valued at $644,466,000 after purchasing an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after buying an additional 1,823,928 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of American Airlines Group by 10,997.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock valued at $13,118,000 after buying an additional 1,156,540 shares during the last quarter. SG Americas Securities LLC increased its holdings in American Airlines Group by 743.1% in the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after buying an additional 1,098,865 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after acquiring an additional 787,671 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Price Performance

Shares of AAL opened at $14.52 on Monday. The business’s 50 day simple moving average is $12.99 and its 200-day simple moving average is $11.76. 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 $9.54 billion, a P/E ratio of 44.00, a PEG ratio of 0.26 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that American Airlines Group Inc. will post 1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on AAL. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price objective on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Barclays upgraded shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $10.00 to $16.00 in a report on Thursday, November 14th. Finally, Bank of America boosted their price target on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.