Mutual of America Capital Management LLC Raises Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

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Mutual of America Capital Management LLC increased its position in American Airlines Group Inc. (NASDAQ:AALGet Rating) by 1.3% in the first quarter, HoldingsChannel.com reports. The fund owned 87,004 shares of the airline’s stock after buying an additional 1,119 shares during the period. Mutual of America Capital Management LLC’s holdings in American Airlines Group were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAL. Janney Montgomery Scott LLC raised its stake in American Airlines Group by 20.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 428,420 shares of the airline’s stock worth $7,694,000 after acquiring an additional 73,511 shares during the last quarter. Bessemer Group Inc. raised its stake in American Airlines Group by 22.1% in the 4th quarter. Bessemer Group Inc. now owns 4,298 shares of the airline’s stock worth $77,000 after acquiring an additional 778 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in American Airlines Group in the 4th quarter worth $739,000. State of New Jersey Common Pension Fund D grew its position in American Airlines Group by 3.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 145,676 shares of the airline’s stock worth $2,616,000 after purchasing an additional 5,108 shares during the period. Finally, Sfmg LLC acquired a new stake in American Airlines Group during the 4th quarter worth about $191,000. Hedge funds and other institutional investors own 53.70% of the company’s stock.

American Airlines Group Stock Down 0.4 %

NASDAQ:AAL opened at $13.71 on Friday. American Airlines Group Inc. has a 52 week low of $11.93 and a 52 week high of $22.35. The stock has a market capitalization of $8.91 billion, a PE ratio of -4.52 and a beta of 1.54. The stock’s 50-day moving average price is $14.56 and its 200-day moving average price is $16.33.

American Airlines Group (NASDAQ:AALGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The airline reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.06. The firm had revenue of $13.42 billion during the quarter, compared to analyst estimates of $13.40 billion. During the same quarter in the previous year, the firm posted ($1.69) earnings per share. The company’s quarterly revenue was up 79.5% on a year-over-year basis. Sell-side analysts expect that American Airlines Group Inc. will post -0.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AAL shares. Susquehanna cut their price target on American Airlines Group from $19.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 12th. Susquehanna Bancshares cut their price target on American Airlines Group from $19.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft increased their price target on American Airlines Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, April 22nd. Evercore ISI cut their price target on American Airlines Group from $20.00 to $13.00 and set an “in-line” rating on the stock in a research report on Monday, June 27th. Finally, Barclays cut their price target on American Airlines Group from $20.00 to $17.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, American Airlines Group has an average rating of “Hold” and a consensus target price of $18.58.

American Airlines Group Profile

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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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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