Allianz Asset Management GmbH Has $3.95 Million Stake in American Airlines Group Inc. $AAL

Key Points

• Allianz Asset Management GmbH has reduced its stake in American Airlines Group by 33.0%, now owning 352,300 shares worth approximately $3.95 million.
• American Airlines reported earnings of ($0.17) EPS, exceeding analysts' expectations of ($0.27), with revenue of $13.69 billion for the quarter.
• Analysts have a Moderate Buy consensus rating on American Airlines, with an average price target of $16.59, following multiple adjustments upwards from various brokerages.

Allianz Asset Management GmbH reduced its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 33.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,300 shares of the airline's stock after selling 173,200 shares during the quarter. Allianz Asset Management GmbH owned 0.05% of American Airlines Group worth $3,953,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Triton Wealth Management PLLC acquired a new position in American Airlines Group during the second quarter worth $322,000. Bayforest Capital Ltd bought a new stake in shares of American Airlines Group during the second quarter worth $126,000. Perfromance Wealth Partners LLC grew its holdings in shares of American Airlines Group by 48.8% during the second quarter. Perfromance Wealth Partners LLC now owns 30,115 shares of the airline's stock worth $338,000 after purchasing an additional 9,875 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of American Airlines Group during the second quarter worth $418,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of American Airlines Group by 20.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 113,125 shares of the airline's stock worth $1,269,000 after purchasing an additional 19,278 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AAL. Evercore ISI increased their target price on American Airlines Group from $13.00 to $14.00 and gave the stock an "in-line" rating in a report on Monday, September 29th. Barclays increased their target price on American Airlines Group from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. increased their target price on American Airlines Group from $17.00 to $20.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Bank of America raised their price target on American Airlines Group from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Finally, Jefferies Financial Group raised their price target on American Airlines Group from $12.00 to $13.00 and gave the company a "hold" rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Airlines Group presently has an average rating of "Moderate Buy" and a consensus price target of $16.59.

American Airlines Group Trading Up 5.6%

Shares of AAL opened at $12.77 on Friday. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10. The stock has a market cap of $8.43 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 3.91 and a beta of 1.36. The stock's 50-day moving average price is $12.43 and its two-hundred day moving average price is $11.59.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, October 23rd. The airline reported ($0.17) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.10. The firm had revenue of $13.69 billion for the quarter, compared to analysts' expectations of $13.65 billion. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%.The company's revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. American Airlines Group has set its Q4 2025 guidance at 0.450-0.750 EPS. FY 2025 guidance at 0.650-0.950 EPS. As a group, equities analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.