Concurrent Investment Advisors LLC Boosts Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Concurrent Investment Advisors LLC increased its position in American Airlines Group Inc. (NASDAQ:AAL) by 20.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,663 shares of the airline’s stock after purchasing an additional 2,128 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in American Airlines Group were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares in the last quarter. UMB Bank n.a. boosted 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 during the last quarter. Beaird Harris Wealth Management LLC grew its holdings in American Airlines Group by 51.3% during the 1st 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 bought a new stake in shares of American Airlines Group in the 2nd quarter worth about $36,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of American Airlines Group in the 2nd quarter valued at about $36,000. 52.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. TD Securities lowered their price objective on American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Sanford C. Bernstein lowered American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Evercore ISI raised their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Two equities 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.com, American Airlines Group currently has an average rating of “Hold” and a consensus price target of $13.49.

American Airlines Group Stock Performance

Shares of AAL opened at $13.91 on Wednesday. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39. The stock’s fifty day moving average is $12.08 and its 200-day moving average is $11.74. 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 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the previous year, the firm earned $0.38 EPS. American Airlines Group’s revenue was up 1.2% on a year-over-year basis. Analysts forecast that American Airlines Group Inc. will post 1.49 EPS for the current fiscal 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.