Harvest Portfolios Group Inc. Has $1.28 Million Position in American Airlines Group Inc. (NASDAQ:AAL)

Harvest Portfolios Group Inc. cut its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,165 shares of the airline’s stock after selling 9,384 shares during the period. Harvest Portfolios Group Inc.’s holdings in American Airlines Group were worth $1,283,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares in the last quarter. UMB Bank n.a. grew its position in American Airlines Group by 404.3% in the second 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 during the last quarter. Beaird Harris Wealth Management LLC raised its stake in 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 acquiring an additional 795 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of American Airlines Group in the 2nd quarter valued at approximately $36,000. Finally, Sentry Investment Management LLC bought a new stake in shares of American Airlines Group during the 2nd quarter valued at approximately $36,000. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL opened at $14.00 on Thursday. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $16.15. The business’s 50 day simple moving average is $11.81 and its two-hundred day simple moving average is $11.77. The firm has a market cap of $9.20 billion, a P/E ratio of 42.42, a PEG ratio of 0.24 and a beta of 1.39.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AAL. Jefferies Financial Group upped their price target 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. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Evercore ISI upped their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. TD Cowen increased their price objective on American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their target price on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.40.

About American Airlines Group

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.