Hsbc Holdings PLC Buys 739,676 Shares of American Airlines Group Inc. $AAL

Key Points

• Hsbc Holdings PLC boosted its stake in American Airlines Group Inc. by 192.8% in Q1, owning about 0.17% of the company valued at $11.78 million.
• American Airlines reported an earnings per share (EPS) of $0.95, exceeding analysts' expectations, with a quarterly revenue of $14.39 billion.
• Analysts have varied target price adjustments for AAL, with an average price target of $16.82 and a rating of "Moderate Buy."

Hsbc Holdings PLC lifted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 192.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,123,296 shares of the airline's stock after buying an additional 739,676 shares during the quarter. Hsbc Holdings PLC owned about 0.17% of American Airlines Group worth $11,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. grew its position in American Airlines Group by 91.5% in the 1st quarter. Raymond James Financial Inc. now owns 423,791 shares of the airline's stock valued at $4,471,000 after purchasing an additional 202,477 shares during the period. Caitong International Asset Management Co. Ltd grew its position in American Airlines Group by 121.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 12,604 shares of the airline's stock valued at $133,000 after purchasing an additional 6,905 shares during the period. Russell Investments Group Ltd. grew its position in American Airlines Group by 169.6% in the 1st quarter. Russell Investments Group Ltd. now owns 485,995 shares of the airline's stock valued at $5,128,000 after purchasing an additional 305,740 shares during the period. Bulltick Wealth Management LLC acquired a new stake in American Airlines Group in the 1st quarter valued at $472,000. Finally, HighTower Advisors LLC grew its position in American Airlines Group by 34.5% in the 1st quarter. HighTower Advisors LLC now owns 45,334 shares of the airline's stock valued at $478,000 after purchasing an additional 11,628 shares during the period. Institutional investors and hedge funds own 52.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AAL. Barclays lifted their price target on shares of American Airlines Group from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Bank of America lifted their price target on shares of American Airlines Group from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. Sanford C. Bernstein raised their price objective on American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group raised their price objective on American Airlines Group from $8.00 to $10.00 and gave the company a "sell" rating in a research note on Wednesday. Finally, Raymond James Financial set a $14.00 price objective on American Airlines Group in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $16.94.

American Airlines Group Stock Up 0.9%

American Airlines Group stock traded up $0.12 during midday trading on Thursday, reaching $13.25. The stock had a trading volume of 66,919,530 shares, compared to its average volume of 57,281,059. The firm's 50-day moving average price is $12.00 and its 200 day moving average price is $11.79. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The firm has a market capitalization of $8.74 billion, a PE ratio of 16.56, a P/E/G ratio of 3.40 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The airline reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.16. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%.The firm had revenue of $14.39 billion for the quarter, compared to analysts' expectations of $14.27 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The company's revenue was up .4% on a year-over-year basis. American Airlines Group has set its Q3 2025 guidance at -0.600--0.100 EPS. Equities research analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current year.

About American Airlines Group

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.