Neuberger Berman Group LLC Has $89.20 Million Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Neuberger Berman Group LLC boosted its stake in shares of American Airlines Group Inc. (NASDAQ:AALGet Rating) by 108.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,887,680 shares of the airline’s stock after buying an additional 2,538,066 shares during the period. Neuberger Berman Group LLC’s holdings in American Airlines Group were worth $89,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAL. TD Asset Management Inc. increased its holdings in shares of American Airlines Group by 0.7% in the 1st quarter. TD Asset Management Inc. now owns 118,374 shares of the airline’s stock valued at $2,160,000 after purchasing an additional 800 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of American Airlines Group by 1.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 87,004 shares of the airline’s stock valued at $1,588,000 after purchasing an additional 1,119 shares during the period. Principal Financial Group Inc. increased its holdings in shares of American Airlines Group by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 781,339 shares of the airline’s stock valued at $14,260,000 after purchasing an additional 8,004 shares during the period. AE Wealth Management LLC increased its holdings in shares of American Airlines Group by 4.9% in the 1st quarter. AE Wealth Management LLC now owns 234,940 shares of the airline’s stock valued at $4,288,000 after purchasing an additional 10,897 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of American Airlines Group by 57.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 853,938 shares of the airline’s stock valued at $15,584,000 after buying an additional 312,625 shares in the last quarter. Institutional investors and hedge funds own 54.06% of the company’s stock.

American Airlines Group Trading Down 3.6 %

AAL opened at $13.75 on Friday. American Airlines Group Inc. has a 1-year low of $11.93 and a 1-year high of $22.35. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of -4.54 and a beta of 1.51. The business has a 50 day moving average of $14.17 and a 200-day moving average of $15.55.

American Airlines Group (NASDAQ:AALGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The airline reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.03). The firm had revenue of $13.42 billion during the quarter, compared to the consensus estimate of $13.40 billion. During the same period last year, the company earned ($1.69) earnings per share. The company’s revenue for the quarter was up 79.5% compared to the same quarter last year. Equities analysts predict that American Airlines Group Inc. will post -0.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AAL shares. Jefferies Financial Group reissued a “hold” rating and issued a $20.00 price target on shares of American Airlines Group in a research note on Monday, June 27th. Susquehanna lowered their price target on American Airlines Group from $19.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 12th. Susquehanna Bancshares lowered their price target on American Airlines Group from $19.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 12th. Evercore ISI lowered their price target on American Airlines Group from $20.00 to $13.00 and set an “in-line” rating for the company in a research note on Monday, June 27th. Finally, Barclays decreased their target price on American Airlines Group from $20.00 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, June 14th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.56.

About American Airlines Group

(Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

See Also

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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