Vanguard Group Inc. cut its holdings in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,125,737 shares of the airline’s stock after selling 857,660 shares during the quarter. Vanguard Group Inc. owned about 9.26% of American Airlines Group worth $937,058,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of AAL. Commonwealth Equity Services LLC boosted its stake in American Airlines Group by 51.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 868,776 shares of the airline’s stock worth $9,765,000 after acquiring an additional 295,298 shares during the last quarter. Neo Ivy Capital Management boosted its stake in American Airlines Group by 443.4% during the 3rd quarter. Neo Ivy Capital Management now owns 195,838 shares of the airline’s stock worth $2,201,000 after acquiring an additional 159,800 shares during the last quarter. Clear Street Group Inc. bought a new position in American Airlines Group during the 3rd quarter worth approximately $1,480,000. Retirement Systems of Alabama boosted its stake in American Airlines Group by 29.7% during the 3rd quarter. Retirement Systems of Alabama now owns 1,045,771 shares of the airline’s stock worth $11,754,000 after acquiring an additional 239,698 shares during the last quarter. Finally, Entropy Technologies LP boosted its stake in American Airlines Group by 874.7% during the 3rd quarter. Entropy Technologies LP now owns 669,600 shares of the airline’s stock worth $7,526,000 after acquiring an additional 600,900 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.
American Airlines Group Stock Performance
Shares of AAL opened at $11.85 on Friday. American Airlines Group Inc. has a twelve month low of $10.09 and a twelve month high of $16.50. The firm’s 50 day moving average price is $11.55 and its two-hundred day moving average price is $13.26. The firm has a market cap of $7.84 billion, a P/E ratio of 38.23 and a beta of 1.28.
Analyst Ratings Changes
Several research analysts recently weighed in on AAL shares. Wall Street Zen raised shares of American Airlines Group from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Susquehanna reduced their price objective on shares of American Airlines Group from $17.00 to $16.00 and set a “positive” rating on the stock in a research note on Friday, April 24th. BMO Capital Markets lifted their price objective on shares of American Airlines Group from $12.00 to $13.50 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Bank of America lifted their price target on shares of American Airlines Group from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Finally, Barclays lifted their price target on shares of American Airlines Group from $12.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.69.
Get Our Latest Stock Report on American Airlines Group
American Airlines Group Company 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.
Further Reading
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