Jade Capital Advisors LLC Has $4.27 Million Stake in American Airlines Group Inc. (NASDAQ:AAL)

Jade Capital Advisors LLC increased its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 406.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 380,000 shares of the airline’s stock after purchasing an additional 305,000 shares during the period. American Airlines Group accounts for 2.7% of Jade Capital Advisors LLC’s investment portfolio, making the stock its 7th largest position. Jade Capital Advisors LLC owned about 0.06% of American Airlines Group worth $4,271,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AAL. Primecap Management Co. CA lifted its position in shares of American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after purchasing an additional 14,549,310 shares during the period. Dimensional Fund Advisors LP grew its position in American Airlines Group by 75.5% during the second 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 period. SG Americas Securities LLC lifted its holdings in American Airlines Group by 743.1% during the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock valued at $14,013,000 after purchasing an additional 1,098,865 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after buying an additional 806,770 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of American Airlines Group by 1,432.3% in the second quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock worth $6,768,000 after buying an additional 558,384 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Stock Performance

AAL opened at $12.97 on Tuesday. The company has a market cap of $8.51 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. The stock has a 50-day moving average of $11.04 and a 200-day moving average 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, July 25th. The airline reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The firm had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. During the same quarter in the prior year, the company earned $1.92 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, research analysts predict that American Airlines Group Inc. will post 1.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on AAL. Evercore cut their price objective on shares of American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Susquehanna increased their price target on shares of 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 Securities cut their price target on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Sanford C. Bernstein lowered shares of American Airlines Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $18.00 to $12.00 in a report on Monday, July 22nd. Finally, Evercore ISI lifted their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.09.

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.