American Airlines Group Inc. (NASDAQ:AAL) is U S Global Investors Inc.’s 3rd Largest Position

U S Global Investors Inc. lifted its stake in American Airlines Group Inc. (NASDAQ:AAL) by 5.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 9,088,188 shares of the airline’s stock after acquiring an additional 508,119 shares during the period. American Airlines Group accounts for approximately 9.8% of U S Global Investors Inc.’s portfolio, making the stock its 3rd biggest position. U S Global Investors Inc.’s holdings in American Airlines Group were worth $102,151,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of American Airlines Group by 50.6% during the first quarter. GAMMA Investing LLC now owns 4,049 shares of the airline’s stock worth $62,000 after acquiring an additional 1,361 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of American Airlines Group by 12.1% in the first quarter. International Assets Investment Management LLC now owns 17,575 shares of the airline’s stock valued at $271,000 after buying an additional 1,900 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of American Airlines Group by 90.4% during the first quarter. Gateway Investment Advisers LLC now owns 138,037 shares of the airline’s stock worth $2,119,000 after buying an additional 65,539 shares during the period. Kwmg LLC grew its holdings in shares of American Airlines Group by 3.9% during the first quarter. Kwmg LLC now owns 331,821 shares of the airline’s stock worth $5,093,000 after buying an additional 12,365 shares during the last quarter. Finally, GoalVest Advisory LLC purchased a new position in shares of American Airlines Group during the first quarter worth about $38,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Price Performance

AAL traded down $0.24 during trading on Tuesday, reaching $12.73. 3,371,092 shares of the stock were exchanged, compared to its average volume of 34,643,867. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $16.15. The business’s 50 day moving average price is $11.04 and its two-hundred day moving average price is $11.78. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. The firm had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $1.92 EPS. On average, analysts anticipate that American Airlines Group Inc. will post 1.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AAL shares. JPMorgan Chase & Co. decreased their price objective on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. TD Securities cut their price objective on shares of American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Susquehanna lifted their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, BNP Paribas raised shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.09.

American Airlines Group Profile

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.