Commerce Bank Has $579,000 Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Commerce Bank boosted its stake in American Airlines Group Inc. (NASDAQ:AAL) by 6.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,510 shares of the airline’s stock after purchasing an additional 2,965 shares during the quarter. Commerce Bank’s holdings in American Airlines Group were worth $579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans raised its position in American Airlines Group by 482.8% during the third quarter. Thrivent Financial for Lutherans now owns 154,281 shares of the airline’s stock valued at $1,734,000 after purchasing an additional 127,809 shares in the last quarter. Tower Bridge Advisors bought a new position in shares of American Airlines Group in the 3rd quarter valued at $125,000. Mutual of America Capital Management LLC raised its holdings in shares of American Airlines Group by 328.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 354,915 shares of the airline’s stock worth $3,989,000 after buying an additional 272,143 shares in the last quarter. Natixis Advisors LLC bought a new stake in shares of American Airlines Group during the 3rd quarter worth $365,000. Finally, KBC Group NV boosted its stake in American Airlines Group by 55.8% in the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after buying an additional 2,204 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

AAL has been the subject of a number of research reports. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Evercore ISI raised their target price on shares of 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 upped their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Susquehanna increased their price target on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.96.

American Airlines Group Stock Up 3.8 %

Shares of NASDAQ AAL opened at $14.92 on Tuesday. The company has a market capitalization of $9.80 billion, a PE ratio of 45.21, a P/E/G ratio of 0.26 and a beta of 1.39. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $16.15. The firm has a fifty day simple moving average of $12.63 and a 200 day simple moving average of $11.76.

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

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.