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

Prime Capital Investment Advisors LLC grew its position in American Airlines Group Inc. (NASDAQ:AAL) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,069 shares of the airline’s stock after acquiring 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.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of American Airlines Group in the third quarter worth about $137,000. State of New Jersey Common Pension Fund D increased its holdings in shares of American Airlines Group by 21.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 194,278 shares of the airline’s stock valued at $2,184,000 after purchasing an additional 34,222 shares in the last quarter. Principal Financial Group Inc. raised its position in American Airlines Group by 107.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after purchasing an additional 787,671 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in American Airlines Group by 20.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,663 shares of the airline’s stock worth $142,000 after buying an additional 2,128 shares in the last quarter. Finally, Austin Private Wealth LLC bought a new position in American Airlines Group in the 3rd quarter valued at $723,000. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $14.39 on Friday. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39. The firm has a 50-day moving average price of $12.21 and a two-hundred day moving average price of $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 announced its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. American Airlines Group’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. As a group, sell-side analysts forecast that American Airlines Group Inc. will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AAL. JPMorgan Chase & Co. upped their price target on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Evercore ISI lifted their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Jefferies Financial Group lifted their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Bank of America increased 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. Finally, Susquehanna lifted their price objective on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.96.

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.