Paloma Partners Management Co Decreases Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Paloma Partners Management Co lessened its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 79.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 434,385 shares of the airline’s stock after selling 1,653,615 shares during the period. Paloma Partners Management Co owned about 0.07% of American Airlines Group worth $4,882,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AAL. Price T Rowe Associates Inc. MD raised its holdings in shares of American Airlines Group by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 876,505 shares of the airline’s stock valued at $13,455,000 after buying an additional 9,857 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of American Airlines Group by 7.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 18,515 shares of the airline’s stock worth $284,000 after purchasing an additional 1,329 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of American Airlines Group by 271.8% in the first quarter. Cetera Investment Advisers now owns 187,130 shares of the airline’s stock valued at $2,872,000 after purchasing an additional 136,797 shares during the period. Cetera Advisors LLC grew its holdings in American Airlines Group by 18.2% during the 1st quarter. Cetera Advisors LLC now owns 35,591 shares of the airline’s stock valued at $546,000 after purchasing an additional 5,480 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in American Airlines Group by 324.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 10,707 shares of the airline’s stock worth $162,000 after buying an additional 8,185 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

NASDAQ AAL opened at $14.52 on Monday. The firm has a market capitalization of $9.54 billion, a PE ratio of 44.00, a price-to-earnings-growth ratio of 0.26 and a beta of 1.39. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.15. The company has a 50-day simple moving average of $12.99 and a 200-day simple moving average of $11.76.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. Equities analysts forecast that American Airlines Group Inc. will post 1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Susquehanna raised their target price on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. UBS Group lowered American Airlines Group from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $15.00 target price on shares of American Airlines Group in a research report on Friday, November 15th. TD Cowen raised their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Evercore ISI lifted 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 note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $13.93.

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.