Jade Capital Advisors LLC Increases Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Jade Capital Advisors LLC raised its position in American Airlines Group Inc. (NASDAQ:AAL) 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.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The firm had revenue of $14.33 billion during the quarter, compared to analyst estimates 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 business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.92 EPS. Research analysts predict that American Airlines Group Inc. will post 1.22 earnings per share for the current year.

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.

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.