Landscape Capital Management L.L.C. Has $6.72 Million Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Landscape Capital Management L.L.C. trimmed its stake in American Airlines Group Inc. (NASDAQ:AAL) by 0.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 597,849 shares of the airline’s stock after selling 729 shares during the period. American Airlines Group comprises approximately 0.7% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 17th biggest position. Landscape Capital Management L.L.C.’s holdings in American Airlines Group were worth $6,720,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Primecap Management Co. CA increased its position in shares of American Airlines Group by 34.4% during the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after buying an additional 14,549,310 shares during the period. Dimensional Fund Advisors LP grew its holdings in American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after acquiring an additional 1,823,928 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of American Airlines Group by 10,997.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock worth $13,118,000 after acquiring an additional 1,156,540 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of American Airlines Group by 743.1% in the 3rd quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock valued at $14,013,000 after purchasing an additional 1,098,865 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in American Airlines Group by 107.6% in the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after buying an additional 787,671 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Trading Up 0.9 %

AAL stock opened at $14.46 on Thursday. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.15. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 43.82, a price-to-earnings-growth ratio of 0.26 and a beta of 1.39. The company’s 50 day moving average is $12.41 and its 200 day moving average is $11.76.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on AAL shares. Barclays raised shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $10.00 to $16.00 in a research report on Thursday, November 14th. TD Securities reduced their price objective on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Evercore ISI increased their price target on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Bank of America raised their target price on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. Finally, TD Cowen raised their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, American Airlines Group currently has an average rating of “Hold” and an average price target of $13.96.

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.