American Airlines Group Inc. (NASDAQ:AAL) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC grew its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 92.8% in the third quarter, HoldingsChannel reports. The fund owned 341,525 shares of the airline’s stock after buying an additional 164,376 shares during the period. MetLife Investment Management LLC’s holdings in American Airlines Group were worth $3,839,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of American Airlines Group by 56.2% in the third 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. UMB Bank n.a. boosted its stake in American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after purchasing an additional 2,264 shares in the last quarter. ORG Partners LLC acquired a new position in shares of American Airlines Group during the 2nd quarter valued at $36,000. Sentry Investment Management LLC bought a new stake in shares of American Airlines Group in the 2nd quarter worth $36,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of American Airlines Group in the second quarter valued at $43,000. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Trading Up 0.6 %

Shares of NASDAQ AAL opened at $14.61 on Tuesday. The firm has a market capitalization of $9.60 billion, a PE ratio of 44.27, a PEG ratio of 0.26 and a beta of 1.39. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.15. The business has a 50-day moving average price of $13.06 and a two-hundred day moving average price of $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 analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. Research analysts anticipate that American Airlines Group Inc. will post 1.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. TD Cowen lifted their target price on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Citigroup lifted their price objective on shares of American Airlines Group from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Barclays upgraded shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $10.00 to $16.00 in a research report on Thursday, November 14th. Finally, UBS Group downgraded American Airlines Group from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, American Airlines Group presently has an average 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.