Janus Henderson Group PLC Sells 19,331 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Janus Henderson Group PLC lessened its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 21.6% during the third quarter, Holdings Channel reports. The fund owned 70,158 shares of the airline’s stock after selling 19,331 shares during the period. Janus Henderson Group PLC’s holdings in American Airlines Group were worth $788,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Primecap Management Co. CA boosted 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 grew its holdings in American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after buying an additional 1,823,928 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in American Airlines Group by 10,997.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock worth $13,118,000 after buying an additional 1,156,540 shares during the period. SG Americas Securities LLC increased its position in American Airlines Group by 743.1% during the 3rd quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after buying an additional 1,098,865 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after buying an additional 787,671 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Down 1.9 %

AAL stock opened at $16.92 on Friday. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 51.27, a PEG ratio of 0.29 and a beta of 1.41. The company’s fifty day simple moving average is $14.06 and its 200 day simple moving average is $11.94. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $18.20.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 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 business earned $0.38 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. Research analysts expect that American Airlines Group Inc. will post 1.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AAL. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a research report on Friday, November 15th. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. TD Cowen raised their price objective on American Airlines Group from $10.00 to $17.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Susquehanna upped their target price on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, BNP Paribas upgraded American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.99.

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.