American Airlines Group Inc. $AAL Stake Trimmed by Hennessy Advisors Inc.

Hennessy Advisors Inc. lowered its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,724,100 shares of the airline’s stock after selling 86,800 shares during the quarter. American Airlines Group makes up about 1.3% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 16th largest holding. Hennessy Advisors Inc.’s holdings in American Airlines Group were worth $36,421,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Gradient Investments LLC purchased a new stake in American Airlines Group in the second quarter worth $2,844,000. GSA Capital Partners LLP purchased a new position in American Airlines Group during the 2nd quarter valued at $5,666,000. BlackRock Inc. purchased a new position in American Airlines Group during the 2nd quarter valued at $1,144,739,000. Assenagon Asset Management S.A. increased its position in 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 purchasing an additional 1,086,013 shares during the period. Finally, Amundi raised its holdings in American Airlines Group by 2,450.9% in the 2nd quarter. Amundi now owns 1,176,913 shares of the airline’s stock worth $21,267,000 after purchasing an additional 1,130,775 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Stock Performance

Shares of AAL stock opened at $12.60 on Monday. The company’s fifty day moving average price is $12.95 and its 200-day moving average price is $13.56. The stock has a market cap of $8.35 billion, a PE ratio of -17.26 and a beta of 1.45. 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 issued its quarterly earnings results on Thursday, October 22nd. The airline reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $16.34 billion for the quarter, compared to analysts’ expectations of $16.21 billion. During the same period in the previous year, the firm posted ($0.17) EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, sell-side analysts forecast that American Airlines Group Inc. will post -1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AAL shares. Sanford C. Bernstein set a $19.00 target price on shares of American Airlines Group in a research report on Tuesday, October 20th. Susquehanna reduced their price target on shares of American Airlines Group from $20.00 to $15.00 and set a “positive” rating on the stock in a research report on Wednesday, October 7th. Rothschild & Co Redburn increased their price target on shares of American Airlines Group from $12.50 to $13.50 and gave the stock a “neutral” rating in a research note on Friday, September 18th. The Goldman Sachs Group lowered their price objective on shares of American Airlines Group from $13.00 to $11.00 and set a “sell” rating for the company in a report on Friday, October 2nd. Finally, Weiss Ratings cut American Airlines Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 23rd. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, American Airlines Group currently has an average rating of “Hold” and an average target price of $17.28.

American Airlines Group Company Profile

American Airlines Group Inc is a holding company whose principal subsidiary, American Airlines, provides scheduled passenger air transportation and air cargo services. The company operates a large mainline network under the American Airlines brand and offers regional service through carriers operating as American Eagle. Its services include domestic and international flights, connecting passengers through a network of hubs and focus cities.

American Airlines serves destinations throughout the United States, as well as markets in Canada, Mexico, the Caribbean, Central and South America, Europe, Asia and other international regions.