Jade Capital Advisors LLC raised its position in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 406.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 380,000 shares of the airline’s stock after buying an additional 305,000 shares during the period. American Airlines Group comprises approximately 2.7% of Jade Capital Advisors LLC’s holdings, making the stock its 7th largest holding. Jade Capital Advisors LLC’s holdings in American Airlines Group were worth $4,271,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of AAL. Beaird Harris Wealth Management LLC boosted its position in shares of American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after purchasing an additional 795 shares during the last quarter. Empirical Finance LLC raised its stake in American Airlines Group by 1.4% during the 1st quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock worth $899,000 after buying an additional 797 shares during the period. Blue Trust Inc. raised its stake in American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares during the period. Silvercrest Asset Management Group LLC raised its stake in American Airlines Group by 4.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock worth $359,000 after buying an additional 978 shares during the period. Finally, CWM LLC raised its stake in American Airlines Group by 5.2% during the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after buying an additional 1,059 shares during the period. 52.44% of the stock is currently owned by institutional investors.
American Airlines Group Trading Down 0.9 %
NASDAQ:AAL opened at $12.97 on Tuesday. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $16.15. The stock has a market capitalization of $8.51 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. The firm’s 50 day moving average is $11.04 and its 200 day moving average is $11.78.
Wall Street Analysts Forecast Growth
AAL has been the topic of several research analyst reports. Barclays dropped their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. TD Securities cut their price target on American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. TD Cowen upped their target price on American Airlines Group from $7.00 to $9.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Susquehanna upped their target price on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Redburn Atlantic raised American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, American Airlines Group presently has a consensus rating of “Hold” and a consensus price target of $13.09.
View Our Latest Stock Analysis on AAL
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.
Read More
- Five stocks we like better than American Airlines Group
- What to Know About Investing in Penny Stocks
- Buffett Trims BAC Holdings:What It Means for the Stock’s Future
- How to invest in marijuana stocks in 7 steps
- Bank of America Sees Gold as the Last Safe Haven: Top 3 Picks
- Most Volatile Stocks, What Investors Need to Know
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc. (NASDAQ:AAL – Free Report).
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.