State of New Jersey Common Pension Fund D Increases Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

State of New Jersey Common Pension Fund D boosted its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 21.4% during the third quarter, Holdings Channel.com reports. The firm owned 194,278 shares of the airline’s stock after buying an additional 34,222 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in American Airlines Group were worth $2,184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AAL. Sei Investments Co. raised its position in American Airlines Group by 36.9% in the first quarter. Sei Investments Co. now owns 1,045,606 shares of the airline’s stock valued at $16,050,000 after purchasing an additional 281,956 shares during the period. QRG Capital Management Inc. boosted its stake in American Airlines Group by 12.6% during the first quarter. QRG Capital Management Inc. now owns 24,656 shares of the airline’s stock worth $378,000 after buying an additional 2,752 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of American Airlines Group by 17.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,817 shares of the airline’s stock valued at $304,000 after acquiring an additional 3,005 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of American Airlines Group by 0.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 650,916 shares of the airline’s stock valued at $9,601,000 after acquiring an additional 4,947 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of American Airlines Group by 36.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 443,881 shares of the airline’s stock worth $6,814,000 after acquiring an additional 119,092 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Price Performance

NASDAQ:AAL opened at $14.26 on Friday. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $16.15. The firm has a market capitalization of $9.37 billion, a PE ratio of 43.21, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39. The business’s fifty day moving average price is $12.14 and its 200 day moving average price is $11.76.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. The business 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 business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. As a group, equities analysts anticipate that American Airlines Group Inc. will post 1.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AAL shares. Bank of America lifted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a report on Friday, October 25th. TD Securities lowered their target price on American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Evercore dropped their target price on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. TD Cowen increased 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 report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.89.

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.