Qsemble Capital Management LP Has $823,000 Position in American Airlines Group Inc. (NASDAQ:AAL)

Qsemble Capital Management LP lifted its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 422.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 73,221 shares of the airline’s stock after acquiring an additional 59,206 shares during the quarter. Qsemble Capital Management LP’s holdings in American Airlines Group were worth $823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AAL. Blue Trust Inc. boosted its position 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 acquiring an additional 911 shares during the period. UMB Bank n.a. boosted its holdings in shares of American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after purchasing an additional 2,264 shares during the period. ORG Partners LLC purchased a new position in American Airlines Group during the second quarter valued at approximately $36,000. Sentry Investment Management LLC acquired a new position in American Airlines Group in the 2nd quarter valued at approximately $36,000. Finally, First Command Advisory Services Inc. purchased a new stake in American Airlines Group in the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Citigroup increased their price objective on American Airlines Group from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday. Evercore ISI raised their price target on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Jefferies Financial Group raised their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.93.

American Airlines Group Trading Down 1.9 %

Shares of AAL opened at $14.64 on Wednesday. The stock has a market cap of $9.62 billion, a PE ratio of 44.36, a PEG ratio of 0.26 and a beta of 1.39. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $16.15. The stock has a 50 day simple moving average of $12.71 and a 200-day simple moving average of $11.76.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. On average, sell-side analysts forecast that American Airlines Group Inc. will post 1.49 EPS for the current fiscal year.

American Airlines Group Company 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.