American Airlines Group Inc. (NASDAQ:AAL) Position Lifted by Primecap Management Co. CA

Primecap Management Co. CA raised its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 34.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,881,356 shares of the airline’s stock after acquiring an additional 14,549,310 shares during the quarter. Primecap Management Co. CA owned approximately 8.67% of American Airlines Group worth $644,466,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AAL. Vermillion & White Wealth Management Group LLC bought a new position in American Airlines Group during the 4th quarter valued at $27,000. UMB Bank n.a. raised 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 worth $32,000 after purchasing an additional 2,264 shares during the period. Quarry LP acquired a new stake in shares of American Airlines Group during the fourth quarter worth $34,000. Beaird Harris Wealth Management LLC raised its holdings in shares of American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after purchasing an additional 795 shares during the period. Finally, ORG Partners LLC acquired a new stake in shares of American Airlines Group during the second quarter worth $36,000. 52.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on AAL. TD Cowen cut shares of American Airlines Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $16.00 to $10.00 in a report on Wednesday, July 17th. Seaport Res Ptn cut shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $18.00 to $12.00 in a report on Monday, July 22nd. Barclays dropped their price objective on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Finally, Jefferies Financial Group cut shares of American Airlines Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $17.00 to $12.00 in a report on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, American Airlines Group has an average rating of “Hold” and a consensus target price of $13.73.

American Airlines Group Trading Up 1.1 %

NASDAQ:AAL opened at $10.81 on Tuesday. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $16.15. The company has a 50-day moving average of $10.41 and a 200-day moving average of $12.31. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping the consensus estimate of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company had revenue of $14.33 billion during the quarter, compared to analysts’ expectations of $14.38 billion. During the same period last year, the company posted $1.92 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts forecast that American Airlines Group Inc. will post 1.06 earnings per share for the current year.

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.