American Airlines Group Inc. $AAL Position Lifted by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC increased its position in American Airlines Group Inc. (NASDAQ:AAL) by 147.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,666 shares of the airline’s stock after purchasing an additional 40,968 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in American Airlines Group were worth $918,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AAL. Fiduciary Financial Advisors purchased a new stake in American Airlines Group in the second quarter worth $29,000. Keating Financial Advisory Services Inc. purchased a new position in American Airlines Group during the second quarter valued at $29,000. Pinnacle Holdings LLC purchased a new position in American Airlines Group during the second quarter valued at $30,000. Root Financial Partners LLC lifted its position in American Airlines Group by 33.1% during the first quarter. Root Financial Partners LLC now owns 3,816 shares of the airline’s stock valued at $41,000 after buying an additional 949 shares during the period. Finally, Fortitude Family Office LLC boosted its holdings in shares of American Airlines Group by 622.8% during the 3rd quarter. Fortitude Family Office LLC now owns 4,192 shares of the airline’s stock valued at $56,000 after buying an additional 3,612 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Stock Down 1.4%

American Airlines Group stock opened at $12.60 on Friday. The company has a market capitalization of $8.35 billion, a P/E ratio of -17.26 and a beta of 1.37. The stock’s 50 day moving average is $12.95 and its 200 day moving average is $13.56. American Airlines Group Inc. has a twelve month low of $10.09 and a twelve month high of $18.79.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 22nd. The airline reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.08. The business had revenue of $16.34 billion during the quarter, compared to analysts’ expectations of $16.21 billion. American Airlines Group had a negative return on equity of 9.11% and a negative net margin of 0.79%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.17) earnings per share. As a group, equities analysts expect that American Airlines Group Inc. will post -1.29 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Melius Research cut shares of American Airlines Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $15.00 to $19.00 in a report on Tuesday, July 7th. Citigroup decreased their price target on shares of American Airlines Group from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Wall Street Zen cut shares of American Airlines Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th. Sanford C. Bernstein set a $19.00 price target on shares of American Airlines Group in a research report on Tuesday, October 20th. Finally, BMO Capital Markets dropped their price objective on shares of American Airlines Group from $19.00 to $15.50 and set a “market perform” rating on the stock in a research note on Monday, September 28th. Nine equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.28.

About American Airlines Group

American Airlines Group Inc is a holding company whose principal subsidiary, American Airlines, provides scheduled passenger air transportation and air cargo services. The company operates a large mainline network under the American Airlines brand and offers regional service through carriers operating as American Eagle. Its services include domestic and international flights, connecting passengers through a network of hubs and focus cities.

American Airlines serves destinations throughout the United States, as well as markets in Canada, Mexico, the Caribbean, Central and South America, Europe, Asia and other international regions.