State of Alaska Department of Revenue Has $856,000 Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

State of Alaska Department of Revenue grew its position in American Airlines Group Inc. (NASDAQ:AAL) by 7.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,169 shares of the airline’s stock after purchasing an additional 5,175 shares during the period. State of Alaska Department of Revenue’s holdings in American Airlines Group were worth $856,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Primecap Management Co. CA raised its holdings in shares of American Airlines Group by 34.4% during the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after acquiring an additional 14,549,310 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of American Airlines Group by 75.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after acquiring an additional 1,823,928 shares during the period. SG Americas Securities LLC raised its holdings in shares of American Airlines Group by 743.1% during the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after acquiring an additional 1,098,865 shares during the period. Vanguard Group Inc. raised its holdings in shares of American Airlines Group by 1.1% during the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after acquiring an additional 806,770 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of American Airlines Group by 1,432.3% during the second quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock worth $6,768,000 after acquiring an additional 558,384 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Price Performance

NASDAQ:AAL opened at $13.19 on Wednesday. The company has a market cap of $8.67 billion, a P/E ratio of 39.97, a P/E/G ratio of 0.24 and a beta of 1.39. The firm’s fifty day moving average price is $11.73 and its two-hundred day moving average price is $11.75. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.15.

American Airlines Group (NASDAQ:AAL) last released 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. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same period in the prior year, the firm earned $0.38 EPS. The business’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that American Airlines Group Inc. will post 1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

AAL has been the topic of a number of research analyst reports. Evercore dropped their price objective on shares of American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Barclays lowered their target price on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. Finally, TD Cowen upped their target price on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.