Louisiana State Employees Retirement System Acquires 144,900 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Louisiana State Employees Retirement System increased its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 390.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 182,000 shares of the airline’s stock after purchasing an additional 144,900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in American Airlines Group were worth $2,046,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AAL. Allworth Financial LP grew its stake in shares of American Airlines Group by 31.8% during the third quarter. Allworth Financial LP now owns 45,796 shares of the airline’s stock valued at $515,000 after buying an additional 11,050 shares during the last quarter. International Assets Investment Management LLC grew its position in American Airlines Group by 1,334.6% during the 3rd quarter. International Assets Investment Management LLC now owns 359,284 shares of the airline’s stock worth $40,380,000 after acquiring an additional 334,239 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in American Airlines Group in the 3rd quarter worth approximately $114,000. U S Global Investors Inc. lifted its position in American Airlines Group by 5.9% in the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after purchasing an additional 508,119 shares during the last quarter. Finally, Jade Capital Advisors LLC boosted its stake in shares of American Airlines Group by 406.7% during the third quarter. Jade Capital Advisors LLC now owns 380,000 shares of the airline’s stock valued at $4,271,000 after purchasing an additional 305,000 shares during the period. 52.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AAL. Susquehanna upped their price target on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Evercore dropped their target price on shares of American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. BNP Paribas upgraded American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Barclays lowered their price target on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. lifted their price objective on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $13.40.

American Airlines Group Trading Up 1.6 %

Shares of AAL stock opened at $13.82 on Wednesday. The company’s fifty day moving average price is $11.35 and its 200-day moving average price is $11.75. The stock has a market cap of $9.08 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 0.26 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.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. American Airlines Group’s quarterly revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts forecast that American Airlines Group Inc. will post 1.22 earnings per share for the current fiscal year.

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.