Algert Global LLC purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 126,740 shares of the airline's stock, valued at approximately $2,290,000.
A number of other large investors also recently modified their holdings of the company. Gradient Investments LLC bought a new stake in shares of American Airlines Group during the 2nd quarter worth $2,844,000. GSA Capital Partners LLP purchased a new stake in American Airlines Group during the second quarter valued at about $5,666,000. Assenagon Asset Management S.A. raised its position in American Airlines Group by 1,025.5% during the second quarter. Assenagon Asset Management S.A. now owns 1,191,912 shares of the airline's stock valued at $21,538,000 after purchasing an additional 1,086,013 shares in the last quarter. BlackRock Inc. bought a new stake in American Airlines Group during the second quarter worth about $1,144,739,000. Finally, Union Square Park Capital Management LLC bought a new stake in American Airlines Group during the first quarter worth about $1,074,000. 52.44% of the stock is currently owned by institutional investors.
Insider Transactions at American Airlines Group
In related news, SVP Angela Owens sold 40,077 shares of American Airlines Group stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $15.26, for a total transaction of $611,575.02. Following the completion of the transaction, the senior vice president directly owned 178,799 shares of the company's stock, valued at $2,728,472.74. This trade represents a 18.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO David Seymour sold 56,456 shares of the business's stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $18.00, for a total transaction of $1,016,208.00. Following the sale, the chief operating officer directly owned 969,033 shares in the company, valued at $17,442,594. The trade was a 5.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 205,044 shares of company stock worth $3,407,451 over the last ninety days. Insiders own 0.70% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on AAL. Wall Street Zen cut shares of American Airlines Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. Bank of America boosted their price target on shares of American Airlines Group from $16.00 to $19.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. upped their price target on shares of American Airlines Group from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, July 24th. BMO Capital Markets reduced their price objective on American Airlines Group from $19.50 to $19.00 and set a "market perform" rating on the stock in a research note on Friday, July 24th. Finally, The Goldman Sachs Group decreased their price objective on American Airlines Group from $15.00 to $13.00 and set a "sell" rating on the stock in a report on Friday, July 24th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $18.86.
Check Out Our Latest Stock Analysis on AAL
American Airlines Group Stock Performance
AAL opened at $13.64 on Friday. The stock has a market capitalization of $9.03 billion, a PE ratio of -27.84 and a beta of 1.34. The stock's 50 day moving average price is $15.65 and its 200-day moving average price is $13.70. American Airlines Group Inc. has a 52-week low of $10.09 and a 52-week high of $18.79.
American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The airline reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.12. American Airlines Group had a negative return on equity of 9.11% and a negative net margin of 0.56%.The company had revenue of $16.73 billion during the quarter, compared to analyst estimates of $16.70 billion. During the same quarter last year, the firm posted $0.95 earnings per share. The firm's revenue was up 16.3% on a year-over-year basis. American Airlines Group has set its Q3 2026 guidance at -0.700--0.100 EPS and its FY 2026 guidance at -0.650-0.650 EPS. Research analysts forecast that American Airlines Group Inc. will post -0.16 EPS for the current fiscal year.
American Airlines Group Company Profile
(
Free Report)
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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