Primecap Management Co. CA Has $509.04 Million Stake in American Airlines Group Inc. (NASDAQ:AAL)

Primecap Management Co. CA reduced its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,047,931 shares of the airline’s stock after selling 123,135 shares during the quarter. Primecap Management Co. CA owned about 5.67% of American Airlines Group worth $509,039,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in shares of American Airlines Group in the third quarter valued at approximately $33,000. GAMMA Investing LLC bought a new position in American Airlines Group during the 4th quarter worth about $38,000. Baystate Wealth Management LLC raised its stake in shares of American Airlines Group by 267.1% in the 4th quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock valued at $54,000 after purchasing an additional 2,855 shares during the period. Federated Hermes Inc. lifted its holdings in shares of American Airlines Group by 32.2% in the fourth quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock valued at $57,000 after purchasing an additional 1,003 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in shares of American Airlines Group during the fourth quarter worth about $58,000. 52.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AAL. Barclays upped their price objective on American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, January 26th. UBS Group assumed coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price objective for the company. HSBC started coverage on shares of American Airlines Group in a report on Monday, May 13th. They issued a “buy” rating and a $17.90 target price on the stock. JPMorgan Chase & Co. lifted their price target on American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Sanford C. Bernstein upped their price objective on American Airlines Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.62.

American Airlines Group Stock Up 0.1 %

Shares of NASDAQ AAL traded up $0.02 during midday trading on Friday, reaching $13.84. 19,589,298 shares of the company were exchanged, compared to its average volume of 32,788,801. American Airlines Group Inc. has a one year low of $10.86 and a one year high of $19.08. The stock has a market cap of $9.08 billion, a P/E ratio of 23.07, a PEG ratio of 0.20 and a beta of 1.57. The stock’s 50-day moving average price is $14.25 and its 200-day moving average price is $14.00.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter last year, the business earned $0.05 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts anticipate that American Airlines Group Inc. will post 2.6 EPS for the current year.

American Airlines Group 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.