McElhenny Sheffield Capital Management LLC acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 18,871 shares of the airline’s stock, valued at approximately $212,000.
Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of American Airlines Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 63,625,284 shares of the airline’s stock valued at $671,247,000 after buying an additional 639,760 shares during the period. Primecap Management Co. CA lifted its holdings in shares of American Airlines Group by 0.4% during the first quarter. Primecap Management Co. CA now owns 60,445,097 shares of the airline’s stock valued at $637,696,000 after purchasing an additional 219,390 shares during the last quarter. U S Global Investors Inc. lifted its holdings in shares of American Airlines Group by 8.7% during the first quarter. U S Global Investors Inc. now owns 7,181,246 shares of the airline’s stock valued at $75,762,000 after purchasing an additional 576,612 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of American Airlines Group by 5.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,575,284 shares of the airline’s stock valued at $48,269,000 after purchasing an additional 227,762 shares during the last quarter. Finally, Nearwater Capital Markets Ltd purchased a new stake in shares of American Airlines Group during the first quarter valued at $29,012,000. Institutional investors and hedge funds own 52.44% of the company’s stock.
American Airlines Group Price Performance
Shares of AAL stock opened at $11.62 on Friday. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The stock’s 50-day moving average is $12.40 and its two-hundred day moving average is $11.48. The firm has a market cap of $7.67 billion, a P/E ratio of 14.53, a PEG ratio of 3.82 and a beta of 1.36.
Wall Street Analyst Weigh In
AAL has been the subject of several analyst reports. UBS Group upped their target price on American Airlines Group from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, September 26th. The Goldman Sachs Group upped their target price on American Airlines Group from $8.00 to $10.00 and gave the company a “sell” rating in a report on Wednesday, August 27th. Raymond James Financial set a $14.00 target price on American Airlines Group in a report on Monday, August 25th. Jefferies Financial Group upped their target price on American Airlines Group from $12.00 to $13.00 and gave the company a “hold” rating in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. upped their target price on American Airlines Group from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, American Airlines Group has a consensus rating of “Moderate Buy” and an average target price of $16.59.
Get Our Latest Stock Analysis on American Airlines Group
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.
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