Vontobel Holding Ltd. boosted its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 80.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,048 shares of the airline’s stock after purchasing an additional 76,081 shares during the quarter. Vontobel Holding Ltd.’s holdings in American Airlines Group were worth $1,923,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in AAL. U S Global Investors Inc. raised its position in American Airlines Group by 7.5% during the second quarter. U S Global Investors Inc. now owns 7,718,224 shares of the airline’s stock worth $86,598,000 after acquiring an additional 536,978 shares during the period. Marshall Wace LLP boosted its holdings in American Airlines Group by 319.4% in the 2nd quarter. Marshall Wace LLP now owns 5,019,492 shares of the airline’s stock valued at $56,319,000 after purchasing an additional 3,822,757 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in American Airlines Group by 8.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,779,849 shares of the airline’s stock worth $42,410,000 after acquiring an additional 299,219 shares during the last quarter. Invesco Ltd. raised its holdings in American Airlines Group by 1.3% in the 2nd quarter. Invesco Ltd. now owns 2,978,006 shares of the airline’s stock valued at $33,413,000 after buying an additional 36,877 shares during the period. Finally, Nearwater Capital Markets Ltd acquired a new position in shares of American Airlines Group in the 1st quarter worth approximately $29,012,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.
American Airlines Group Stock Performance
Shares of NASDAQ AAL opened at $15.44 on Friday. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10. The firm has a market capitalization of $10.19 billion, a P/E ratio of 17.95, a PEG ratio of 2.20 and a beta of 1.26. The company’s fifty day moving average is $13.88 and its two-hundred day moving average is $12.67.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Evercore ISI lifted their price objective on shares of American Airlines Group from $13.00 to $14.00 and gave the company an “in-line” rating in a report on Monday, September 29th. Cowen restated a “buy” rating on shares of American Airlines Group in a research report on Monday, October 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of American Airlines Group in a research report on Monday. UBS Group set a $20.00 price target on American Airlines Group and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, BMO Capital Markets upgraded shares of American Airlines Group to a “hold” rating in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.46.
View Our Latest Stock Report on AAL
American Airlines Group Profile
American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world’s largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.
The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.
Featured Stories
- Five stocks we like better than American Airlines Group
- Do not delete, read immediately
- INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off
- Can Any Expenses Be Deducted From Capital Gains Tax?
- Do you know what Amazon is planning for January 1?
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc. (NASDAQ:AAL – Free Report).
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.
