Coastwise Capital Group LLC Has $425,000 Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Coastwise Capital Group LLC raised its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 5.3% in the third quarter, Holdings Channel reports. The fund owned 37,840 shares of the airline’s stock after acquiring an additional 1,900 shares during the period. Coastwise Capital Group LLC’s holdings in American Airlines Group were worth $425,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Blue Trust Inc. lifted its position in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after acquiring an additional 911 shares in the last quarter. CWM LLC lifted its holdings in shares of American Airlines Group by 5.2% in the second quarter. CWM LLC now owns 21,540 shares of the airline’s stock valued at $244,000 after purchasing an additional 1,059 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of American Airlines Group by 8.2% during the second quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after buying an additional 1,126 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of American Airlines Group by 7.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 18,515 shares of the airline’s stock worth $284,000 after buying an additional 1,329 shares in the last quarter. Finally, Signaturefd LLC raised its position in American Airlines Group by 16.5% in the 2nd quarter. Signaturefd LLC now owns 9,470 shares of the airline’s stock valued at $107,000 after buying an additional 1,343 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of AAL stock opened at $14.52 on Monday. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $16.15. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 44.00, a PEG ratio of 0.26 and a beta of 1.39. The company has a 50-day simple moving average of $12.99 and a 200 day simple moving average of $11.76.

American Airlines Group (NASDAQ:AAL) last posted 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 negative return on equity of 18.62% and a net margin of 0.51%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. Sell-side analysts forecast that American Airlines Group Inc. will post 1.49 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on AAL. JPMorgan Chase & Co. upped their price target on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Susquehanna raised their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Barclays upgraded shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $10.00 to $16.00 in a research note on Thursday, November 14th. TD Cowen raised their price objective on American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, BNP Paribas raised American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.93.

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.