American Airlines Group Inc. (NASDAQ:AAL) is U S Global Investors Inc.’s 3rd Largest Position

U S Global Investors Inc. boosted its stake in American Airlines Group Inc. (NASDAQ:AAL) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,088,188 shares of the airline’s stock after buying an additional 508,119 shares during the quarter. American Airlines Group makes up approximately 9.8% of U S Global Investors Inc.’s portfolio, making the stock its 3rd largest holding. U S Global Investors Inc. owned approximately 1.39% of American Airlines Group worth $102,151,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares in the last quarter. UMB Bank n.a. grew its stake in American Airlines Group by 404.3% during the 2nd 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. Beaird Harris Wealth Management LLC raised its holdings 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 acquiring an additional 795 shares during the last quarter. ORG Partners LLC purchased a new position in American Airlines Group in the 2nd quarter worth approximately $36,000. Finally, Sentry Investment Management LLC acquired a new position in shares of American Airlines Group during the 2nd quarter worth approximately $36,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Stock Down 1.9 %

AAL stock traded down $0.24 during midday trading on Tuesday, hitting $12.73. The company’s stock had a trading volume of 3,371,092 shares, compared to its average volume of 34,643,867. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $16.15. The firm has a 50-day simple moving average of $11.04 and a 200-day simple moving average of $11.78. The firm has a market capitalization of $8.35 billion, a P/E ratio of 21.62, a PEG ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, topping 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 company had revenue of $14.33 billion for the quarter, compared to the consensus estimate of $14.38 billion. During the same quarter in the prior year, the business earned $1.92 EPS. American Airlines Group’s revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts expect that American Airlines Group Inc. will post 1.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AAL. BNP Paribas upgraded American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Jefferies Financial Group raised their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. 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 note on Wednesday, October 9th. Finally, Evercore reduced their price target on shares of American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.09.

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.