University of Texas Texas AM Investment Management Co. Sells 74,031 Shares of American Airlines Group Inc. $AAL

University of Texas Texas AM Investment Management Co. reduced its position in American Airlines Group Inc. (NASDAQ:AAL) by 56.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 56,096 shares of the airline’s stock after selling 74,031 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in American Airlines Group were worth $750,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Gradient Investments LLC acquired a new stake in American Airlines Group in the 2nd quarter worth about $2,844,000. GSA Capital Partners LLP purchased a new stake in American Airlines Group in the 2nd quarter valued at about $5,666,000. BlackRock Inc. acquired a new position in shares of American Airlines Group during the 2nd quarter valued at about $1,144,739,000. Assenagon Asset Management S.A. increased its stake in shares of American Airlines Group by 1,025.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,191,912 shares of the airline’s stock valued at $21,538,000 after acquiring an additional 1,086,013 shares during the last quarter. Finally, Amundi increased its stake in shares of American Airlines Group by 2,450.9% during the 2nd quarter. Amundi now owns 1,176,913 shares of the airline’s stock valued at $21,267,000 after acquiring an additional 1,130,775 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $13.18 on Monday. The firm has a market capitalization of $8.73 billion, a PE ratio of -18.05 and a beta of 1.45. The business has a 50-day moving average of $12.88 and a two-hundred day moving average of $13.51. American Airlines Group Inc. has a 12 month low of $10.09 and a 12 month high of $18.79.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 22nd. The airline reported ($0.28) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.08. American Airlines Group had a negative return on equity of 9.11% and a negative net margin of 0.79%. The business had revenue of $16.34 billion for the quarter, compared to analyst estimates of $16.21 billion. During the same period in the previous year, the company posted ($0.17) EPS. The company’s revenue was up 19.3% compared to the same quarter last year. As a group, research analysts anticipate that American Airlines Group Inc. will post -1.30 earnings per share for the current year.

Analyst Upgrades and Downgrades

AAL has been the topic of several research analyst reports. Citigroup decreased their target price on shares of American Airlines Group from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. UBS Group lowered their target price on shares of American Airlines Group from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, October 16th. Freedom Broker dropped their price target on shares of American Airlines Group from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Wells Fargo & Company cut their price target on shares of American Airlines Group from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of American Airlines Group from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and an average target price of $17.28.

American Airlines Group Profile

American Airlines Group Inc is a holding company whose principal business is operating a global airline through American Airlines and its regional partners. The company provides scheduled passenger and cargo air transportation, along with related services such as loyalty programs and travel offerings.

Its network connects destinations across the United States and serves markets in the Caribbean, Latin America, Europe and the Asia-Pacific region. Regional flights are operated under the American Eagle brand by affiliated carriers.

American Airlines Group was formed in 2013 through the merger of AMR Corporation, the parent of American Airlines, and US Airways Group.