Pinebridge Investments L.P. Has $52,000 Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Pinebridge Investments L.P. lessened its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 92.5% during the third quarter, Holdings Channel.com reports. The firm owned 2,531 shares of the airline’s stock after selling 31,432 shares during the quarter. Pinebridge Investments L.P.’s holdings in American Airlines Group were worth $52,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in American Airlines Group by 86.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 1,351 shares of the airline’s stock valued at $29,000 after buying an additional 625 shares during the period. FinTrust Capital Advisors LLC lifted its holdings in American Airlines Group by 200.0% in the second quarter. FinTrust Capital Advisors LLC now owns 1,500 shares of the airline’s stock valued at $32,000 after buying an additional 1,000 shares during the period. Stonebridge Capital Advisors LLC acquired a new position in American Airlines Group in the second quarter valued at $32,000. Optimum Investment Advisors lifted its holdings in American Airlines Group by 84.0% in the third quarter. Optimum Investment Advisors now owns 1,720 shares of the airline’s stock valued at $35,000 after buying an additional 785 shares during the period. Finally, Solstein Capital LLC acquired a new position in American Airlines Group in the second quarter valued at $42,000. Institutional investors own 56.31% of the company’s stock.

NASDAQ:AAL opened at $18.49 on Friday. The firm has a 50-day moving average of $18.64 and a 200-day moving average of $19.68. The company has a market cap of $11.97 billion, a PE ratio of -3.36 and a beta of 1.66. American Airlines Group Inc. has a one year low of $15.02 and a one year high of $26.09.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Wednesday, October 20th. The airline reported ($0.99) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.04) by $0.05. The firm had revenue of $9 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same period in the previous year, the company posted ($5.54) earnings per share. The company’s revenue for the quarter was up 183.6% on a year-over-year basis. As a group, equities research analysts predict that American Airlines Group Inc. will post -8.59 earnings per share for the current year.

AAL has been the subject of several research analyst reports. Citigroup decreased their price target on shares of American Airlines Group from $21.50 to $20.50 and set a “neutral” rating for the company in a research note on Tuesday, October 26th. Zacks Investment Research downgraded shares of American Airlines Group from a “hold” rating to a “sell” rating and set a $19.00 price target for the company. in a research note on Wednesday, December 22nd. The Goldman Sachs Group downgraded shares of American Airlines Group from a “neutral” rating to a “sell” rating and decreased their price target for the company from $19.00 to $18.00 in a research note on Wednesday, October 6th. Finally, Morgan Stanley raised shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and decreased their price target for the company from $23.00 to $21.00 in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.77.

About American Airlines Group

American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific.

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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