OVERSEA CHINESE BANKING Corp Ltd Takes $137,000 Position in American Airlines Group Inc. (NASDAQ:AAL)

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the third quarter, HoldingsChannel reports. The institutional investor purchased 11,579 shares of the airline’s stock, valued at approximately $137,000.

Several other large investors also recently bought and sold shares of AAL. State of New Jersey Common Pension Fund D grew its position in shares of American Airlines Group by 21.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 194,278 shares of the airline’s stock worth $2,184,000 after acquiring an additional 34,222 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of American Airlines Group by 107.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after acquiring an additional 787,671 shares during the period. Concurrent Investment Advisors LLC lifted its position in American Airlines Group by 20.2% in the third quarter. Concurrent Investment Advisors LLC now owns 12,663 shares of the airline’s stock valued at $142,000 after purchasing an additional 2,128 shares during the period. Austin Private Wealth LLC acquired a new stake in American Airlines Group in the third quarter valued at $723,000. Finally, Amalgamated Bank increased its position in shares of American Airlines Group by 46.9% in the third quarter. Amalgamated Bank now owns 313,746 shares of the airline’s stock valued at $3,527,000 after buying an additional 100,135 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL opened at $14.26 on Friday. The stock has a 50-day simple moving average of $12.14 and a 200-day simple moving average of $11.76. The stock has a market capitalization of $9.37 billion, a P/E ratio of 43.21, a PEG ratio of 0.25 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.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. Analysts predict that American Airlines Group Inc. will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

AAL has been the topic of a number of research reports. Susquehanna increased their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Evercore ISI lifted their price objective on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Jefferies Financial Group increased their target price on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. Finally, TD Securities lowered their price target on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and an average target price of $13.89.

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.