UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 473,235 Shares of American Airlines Group Inc. (NASDAQ:AAL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in American Airlines Group Inc. (NASDAQ:AAL) by 42.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 645,782 shares of the airline’s stock after selling 473,235 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in American Airlines Group were worth $7,259,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after buying an additional 2,264 shares during the last quarter. ORG Partners LLC acquired a new position in shares of American Airlines Group during the 2nd quarter worth about $36,000. Sentry Investment Management LLC acquired a new position in shares of American Airlines Group during the 2nd quarter worth about $36,000. Finally, First Command Advisory Services Inc. bought a new stake in American Airlines Group during the second quarter worth about $43,000. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Trading Down 1.4 %

NASDAQ:AAL opened at $17.16 on Tuesday. The stock has a market cap of $11.28 billion, a P/E ratio of 52.00, a PEG ratio of 0.30 and a beta of 1.41. The stock has a 50 day simple moving average of $13.56 and a 200 day simple moving average of $11.83. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $18.09.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter last year, the business earned $0.38 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts forecast that American Airlines Group Inc. will post 1.53 EPS for the current year.

Analyst Upgrades and Downgrades

AAL has been the topic of several analyst reports. Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, December 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 target price on shares of American Airlines Group in a research note on Friday, November 15th. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. TD Cowen increased their price target on shares of American Airlines Group from $10.00 to $17.00 and gave the company a “hold” rating in a research note on Friday. Finally, Barclays upped their target price on shares of American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.82.

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.