Lebenthal Global Advisors LLC Acquires 4,436 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Lebenthal Global Advisors LLC lifted its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,338 shares of the airline’s stock after acquiring an additional 4,436 shares during the period. Lebenthal Global Advisors LLC’s holdings in American Airlines Group were worth $746,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in AAL. 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 position in American Airlines Group by 404.3% in the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after buying an additional 2,264 shares in the last quarter. Beaird Harris Wealth Management LLC increased its position in American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after buying an additional 795 shares in the last quarter. ORG Partners LLC bought a new stake in American Airlines Group in the 2nd quarter valued at about $36,000. Finally, Sentry Investment Management LLC bought a new stake in American Airlines Group in the 2nd quarter valued at about $36,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Trading Up 0.6 %

Shares of American Airlines Group stock traded up $0.08 during trading on Friday, hitting $13.48. The stock had a trading volume of 4,724,432 shares, compared to its average volume of 34,652,520. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 40.61, a P/E/G ratio of 0.25 and a beta of 1.43. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $16.15. The business’s 50-day moving average is $11.55 and its 200 day moving average is $11.79.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same period in the previous year, the business earned $0.38 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts expect that American Airlines Group Inc. will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

AAL has been the subject of a number of analyst reports. TD Cowen lifted their price target on American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, October 25th. TD Securities cut their price target on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Jefferies Financial Group lifted their price target on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. BNP Paribas upgraded American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Finally, Evercore cut their target price on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Airlines Group currently has an average rating of “Hold” and an average target price of $13.40.

American Airlines Group 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.