Raymond James Financial Inc. Buys 202,477 Shares of American Airlines Group Inc. $AAL

Key Points

• Raymond James Financial Inc. significantly increased its stake in American Airlines Group, adding 202,477 shares to own a total of 423,791 shares, representing a 91.5% growth in the first quarter.
• American Airlines recently reported earnings per share of $0.95, exceeding analysts' expectations, and generated revenue of $14.39 billion, slightly surpassing forecasts.
• The company's average analyst rating stands at "Moderate Buy," with an average price target of $16.94, indicating positive sentiment despite variations in target pricing from different firms.

Raymond James Financial Inc. increased its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 91.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 423,791 shares of the airline's stock after acquiring an additional 202,477 shares during the period. Raymond James Financial Inc. owned about 0.06% of American Airlines Group worth $4,471,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AAL. First Trust Advisors LP purchased a new stake in American Airlines Group during the fourth quarter valued at about $261,000. Mercer Global Advisors Inc. ADV boosted its position in American Airlines Group by 9.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 61,937 shares of the airline's stock valued at $1,080,000 after buying an additional 5,380 shares during the period. Captrust Financial Advisors boosted its position in American Airlines Group by 49.7% during the fourth quarter. Captrust Financial Advisors now owns 64,861 shares of the airline's stock valued at $1,131,000 after buying an additional 21,539 shares during the period. Crestline Management LP boosted its position in American Airlines Group by 114.7% during the fourth quarter. Crestline Management LP now owns 83,405 shares of the airline's stock valued at $1,454,000 after buying an additional 44,558 shares during the period. Finally, CoreCap Advisors LLC boosted its position in American Airlines Group by 1,515.0% during the fourth quarter. CoreCap Advisors LLC now owns 4,199 shares of the airline's stock valued at $73,000 after buying an additional 3,939 shares during the period. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays upped 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. UBS Group upped their price target on shares of American Airlines Group from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, July 7th. Raymond James Financial set a $14.00 price target on shares of American Airlines Group in a research report on Monday, August 25th. The Goldman Sachs Group increased their target price on shares of American Airlines Group from $8.00 to $10.00 and gave the stock a "sell" rating in a report on Wednesday, August 27th. Finally, Bank of America increased their target price on shares of American Airlines Group from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Two research 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $16.94.

American Airlines Group Stock Up 1.0%

Shares of American Airlines Group stock traded up $0.13 during trading on Thursday, reaching $12.95. 105,680,467 shares of the stock were exchanged, compared to its average volume of 66,480,044. The stock's fifty day moving average is $12.43 and its 200 day moving average is $11.57. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 3.31 and a beta of 1.40. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The airline reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.16. American Airlines Group had a net margin of 1.05% and a negative return on equity of 24.55%. The company had revenue of $14.39 billion during the quarter, compared to the consensus estimate of $14.27 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. American Airlines Group'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 analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share 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.