Sequoia Financial Advisors LLC Acquires New Position in American Airlines Group Inc. (NASDAQ:AAL)

Sequoia Financial Advisors LLC bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) during the third quarter, Holdings Channel.com reports. The fund bought 10,151 shares of the airline’s stock, valued at approximately $114,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in American Airlines Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after purchasing an additional 806,770 shares during the last quarter. Primecap Management Co. CA raised its position in shares of American Airlines Group by 34.4% during the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after purchasing an additional 14,549,310 shares during the last quarter. U S Global Investors Inc. increased its position in American Airlines Group by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after purchasing an additional 508,119 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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 valued at $48,047,000 after buying an additional 1,823,928 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of American Airlines Group by 743.1% in the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock valued at $14,013,000 after purchasing an additional 1,098,865 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

American Airlines Group stock opened at $13.94 on Thursday. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $16.15. The firm’s 50 day moving average price is $11.42 and its two-hundred day moving average price is $11.76. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 41.88, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results 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. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. As a group, equities analysts predict that American Airlines Group Inc. will post 1.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. TD Securities lowered their price objective on shares of American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Sanford C. Bernstein lowered American Airlines Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Bank of America upped their price objective on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Susquehanna raised their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Evercore cut their price objective on shares of American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, American Airlines Group has a consensus rating of “Hold” and an average price target of $13.40.

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.