Leonteq Securities AG acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL – Free Report) in the 4th quarter, Holdings Channel reports. The fund acquired 541,164 shares of the airline’s stock, valued at approximately $8,296,000.
Several other institutional investors and hedge funds have also made changes to their positions in AAL. Two Sigma Investments LP boosted its holdings in shares of American Airlines Group by 49.1% in the third quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline’s stock valued at $153,660,000 after acquiring an additional 4,500,897 shares in the last quarter. Par Capital Management Inc. bought a new stake in American Airlines Group during the second quarter worth approximately $14,025,000. Quadrature Capital Ltd boosted its holdings in American Airlines Group by 7,891.3% during the third quarter. Quadrature Capital Ltd now owns 1,243,925 shares of the airline’s stock worth $13,969,000 after buying an additional 1,228,359 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in American Airlines Group by 436.6% during the third quarter. Gotham Asset Management LLC now owns 1,074,978 shares of the airline’s stock worth $12,083,000 after buying an additional 874,631 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in American Airlines Group by 1,453.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 829,801 shares of the airline’s stock worth $12,721,000 after buying an additional 776,389 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.
American Airlines Group Stock Performance
Shares of NASDAQ:AAL opened at $12.95 on Thursday. The company has a market cap of $8.57 billion, a PE ratio of 41.77 and a beta of 1.28. American Airlines Group Inc. has a 52 week low of $10.09 and a 52 week high of $16.50. The firm has a 50 day simple moving average of $11.56 and a 200 day simple moving average of $13.28.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of American Airlines Group from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. BMO Capital Markets raised their target price on shares of American Airlines Group from $12.00 to $13.50 and gave the stock a “market perform” rating in a report on Friday, April 24th. Weiss Ratings restated a “sell (d+)” rating on shares of American Airlines Group in a report on Friday, March 27th. Citigroup reduced their target price on shares of American Airlines Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, March 20th. Finally, Wells Fargo & Company reduced their target price on shares of American Airlines Group from $17.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, March 16th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.67.
View Our Latest Stock Analysis 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.
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