American Airlines Group Inc. $AAL Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its American Airlines stake by 1,025.5% in the second quarter, acquiring 1.09 million additional shares for a total holding of 1.19 million shares worth approximately $21.5 million. Institutional investors collectively own 52.44% of AAL.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $19.03. Recent actions included Deutsche Bank raising its target to $18, while Goldman Sachs lowered its target to $13 and maintained a sell rating.
• American Airlines reported quarterly EPS of $0.15, beating estimates of $0.03, on revenue of $16.73 billion. However, the company posted a negative net margin and negative return on equity, while insiders have sold 205,044 shares worth about $3.4 million over the past 90 days.

Assenagon Asset Management S.A. boosted its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 1,025.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,191,912 shares of the airline's stock after acquiring an additional 1,086,013 shares during the quarter. Assenagon Asset Management S.A. owned about 0.18% of American Airlines Group worth $21,538,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. M&T Bank Corp increased its stake in American Airlines Group by 818.7% during the 4th quarter. M&T Bank Corp now owns 212,892 shares of the airline's stock worth $3,264,000 after buying an additional 189,720 shares during the period. Union Square Park Capital Management LLC purchased a new position in American Airlines Group in the 1st quarter valued at about $1,074,000. Fifth Third Bancorp boosted its position in American Airlines Group by 2,448.0% in the 1st quarter. Fifth Third Bancorp now owns 159,634 shares of the airline's stock valued at $1,714,000 after buying an additional 153,369 shares during the last quarter. U S Global Investors Inc. grew its stake in shares of American Airlines Group by 15.5% during the first quarter. U S Global Investors Inc. now owns 6,435,049 shares of the airline's stock valued at $69,112,000 after acquiring an additional 865,205 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in shares of American Airlines Group during the fourth quarter valued at about $804,000. Institutional investors and hedge funds own 52.44% of the company's stock.

Wall Street Analyst Weigh In

AAL has been the topic of several recent analyst reports. Weiss Ratings cut American Airlines Group from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, July 28th. Wall Street Zen lowered American Airlines Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on American Airlines Group from $13.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, May 29th. The Goldman Sachs Group cut their target price on American Airlines Group from $15.00 to $13.00 and set a "sell" rating on the stock in a research report on Friday, July 24th. Finally, Cantor Fitzgerald set a $24.00 target price on American Airlines Group in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, American Airlines Group currently has a consensus rating of "Hold" and a consensus price target of $19.03.

American Airlines Group Stock Performance

AAL opened at $15.94 on Monday. The company has a market capitalization of $10.55 billion, a P/E ratio of -32.53 and a beta of 1.34. The company has a 50-day moving average of $15.74 and a 200-day moving average of $13.69. American Airlines Group Inc. has a 1-year low of $10.09 and a 1-year high of $18.79.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The airline reported $0.15 EPS for the quarter, topping the consensus estimate of $0.03 by $0.12. The business had revenue of $16.73 billion for the quarter, compared to analysts' expectations of $16.70 billion. American Airlines Group had a negative net margin of 0.56% and a negative return on equity of 9.11%. The company's quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. 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. As a group, sell-side analysts expect that American Airlines Group Inc. will post 0.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Angela Owens sold 40,077 shares of American Airlines Group stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $15.26, for a total value of $611,575.02. Following the completion of the transaction, the senior vice president owned 178,799 shares in the company, valued at approximately $2,728,472.74. This trade represents a 18.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David Seymour sold 69,343 shares of American Airlines Group stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $17.00, for a total value of $1,178,831.00. Following the completion of the transaction, the chief operating officer owned 1,025,489 shares of the company's stock, valued at approximately $17,433,313. The trade was a 6.33% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 205,044 shares of company stock worth $3,407,451. 0.70% of the stock is currently owned by company insiders.

American Airlines Group Company 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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