MML Investors Services LLC Lowers Position in American Airlines Group Inc. (NASDAQ:AAL)

MML Investors Services LLC trimmed its stake in American Airlines Group Inc. (NASDAQ:AAL) by 18.6% during the 3rd quarter, Holdings Channel reports. The firm owned 19,416 shares of the airline’s stock after selling 4,444 shares during the quarter. MML Investors Services LLC’s holdings in American Airlines Group were worth $218,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in American Airlines Group by 4.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 32,490 shares of the airline’s stock worth $368,000 after purchasing an additional 1,459 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in American Airlines Group by 57.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,926 shares of the airline’s stock worth $1,449,000 after buying an additional 46,495 shares in the last quarter. UMB Bank n.a. grew its position in American Airlines Group by 404.3% during the second 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. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of American Airlines Group by 17.9% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 23,357 shares of the airline’s stock worth $265,000 after acquiring an additional 3,540 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of American Airlines Group by 16.5% in the 2nd quarter. Signaturefd LLC now owns 9,470 shares of the airline’s stock valued at $107,000 after purchasing an additional 1,343 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Stock Performance

Shares of American Airlines Group stock opened at $17.35 on Friday. The stock’s fifty day moving average is $14.85 and its 200 day moving average is $12.24. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $18.20. The stock has a market cap of $11.40 billion, a P/E ratio of 52.58, a P/E/G ratio of 0.29 and a beta of 1.41.

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, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 earnings per share. Analysts predict that American Airlines Group Inc. will post 1.62 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AAL. Morgan Stanley raised their price objective on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Bank of America lifted their price target on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. upped their price objective on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, American Airlines Group currently has a consensus 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.