Bank of America Corp DE increased its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 39.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,165,162 shares of the airline's stock after purchasing an additional 608,049 shares during the period. Bank of America Corp DE owned 0.33% of American Airlines Group worth $23,254,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the stock. South Dakota Investment Council purchased a new stake in shares of American Airlines Group during the first quarter valued at $243,000. Amundi purchased a new position in shares of American Airlines Group in the first quarter worth about $496,000. California State Teachers Retirement System raised its stake in shares of American Airlines Group by 19.0% in the first quarter. California State Teachers Retirement System now owns 216,876 shares of the airline's stock worth $2,329,000 after purchasing an additional 34,698 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of American Airlines Group by 47.4% during the first quarter. Empowered Funds LLC now owns 27,558 shares of the airline's stock worth $296,000 after purchasing an additional 8,859 shares during the period. Finally, Saba Capital Management L.P. purchased a new stake in American Airlines Group in the first quarter valued at approximately $803,000. Hedge funds and other institutional investors own 52.44% of the company's stock.
Insider Buying and Selling
In related news, SVP Angela Owens sold 40,077 shares of the business's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $15.26, for a total value of $611,575.02. Following the completion of the sale, the senior vice president owned 178,799 shares of the company's stock, valued at approximately $2,728,472.74. The trade was 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 this hyperlink. Also, COO David Seymour sold 69,343 shares of the company's stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $17.00, for a total transaction of $1,178,831.00. Following the transaction, the chief operating officer owned 1,025,489 shares of the company's stock, valued at $17,433,313. This represents a 6.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 205,044 shares of company stock worth $3,407,451 in the last quarter. Insiders own 0.70% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on AAL. Zacks Research upgraded shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price 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. Morgan Stanley upped their price target on shares of American Airlines Group from $20.00 to $24.00 and gave the company an "overweight" rating in a report on Monday, June 1st. Jefferies Financial Group increased their price target on American Airlines Group from $15.00 to $16.00 and gave the stock a "hold" rating in a research report on Wednesday, June 24th. Finally, UBS Group reduced their price objective on American Airlines Group from $21.00 to $18.00 and set a "buy" rating for the company in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $19.03.
Check Out Our Latest Analysis on AAL
American Airlines Group Price Performance
AAL opened at $14.43 on Tuesday. The firm has a fifty day moving average price of $15.89 and a 200 day moving average price of $13.71. American Airlines Group Inc. has a 1 year low of $10.09 and a 1 year high of $18.79. The stock has a market cap of $9.55 billion, a P/E ratio of -29.45 and a beta of 1.34.
American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The airline reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.12. The company had revenue of $16.73 billion during 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 firm's revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Equities analysts expect that American Airlines Group Inc. will post 0.03 EPS for the current year.
American Airlines Group Profile
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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.
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