Geode Capital Management LLC Has $128.67 Million Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Geode Capital Management LLC trimmed its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 28.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,444,215 shares of the airline’s stock after selling 4,550,906 shares during the period. Geode Capital Management LLC’s holdings in American Airlines Group were worth $128,665,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. increased its position in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after acquiring an additional 2,264 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of American Airlines Group during the second quarter worth approximately $36,000. First Command Advisory Services Inc. bought a new position in shares of American Airlines Group in the 2nd quarter worth $43,000. Finally, Point72 Hong Kong Ltd bought a new stake in American Airlines Group during the 3rd quarter valued at $55,000. Institutional investors own 52.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Seaport Res Ptn raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Barclays increased their price objective on American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Susquehanna lifted their target price on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. TD Cowen upped their price target on American Airlines Group from $10.00 to $17.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, American Airlines Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.99.

American Airlines Group Trading Up 1.2 %

NASDAQ:AAL opened at $16.72 on Wednesday. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $18.20. The firm’s 50 day moving average is $14.16 and its 200 day moving average is $11.98. The stock has a market capitalization of $10.99 billion, a PE ratio of 50.67, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The firm had revenue of $13.65 billion for 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 business’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. Research analysts predict that American Airlines Group Inc. will post 1.62 earnings per share for the current 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.