Bank of America Corp DE Takes Position in American Airlines Group Inc. $AAL

Key Points

• Bank of America acquired 3.38 million American Airlines shares in the second quarter, valued at approximately $61.1 million and representing about 0.51% of the company. Institutional investors collectively owned 52.44% of AAL.
• Insiders sold 205,044 shares worth approximately $3.4 million during the latest quarter, including sales by senior vice president Angela Owens and COO David Seymour.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $18.58. AAL recently traded at $12.96, while the company reported quarterly EPS of $0.15, above the $0.03 consensus estimate.

Bank of America Corp DE acquired a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,383,023 shares of the airline's stock, valued at approximately $61,131,000. Bank of America Corp DE owned about 0.51% of American Airlines Group as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Primecap Management Co. CA acquired a new stake in shares of American Airlines Group in the second quarter worth $1,278,144,000. BlackRock Inc. acquired a new stake in American Airlines Group in the 2nd quarter valued at $1,144,739,000. Renaissance Technologies LLC increased its holdings in American Airlines Group by 569.4% in the 1st quarter. Renaissance Technologies LLC now owns 9,687,232 shares of the airline's stock valued at $104,041,000 after purchasing an additional 8,240,100 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in American Airlines Group in the second quarter valued at about $119,628,000. Finally, Bank of New York Mellon Corp purchased a new position in American Airlines Group in the second quarter valued at about $68,132,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Airlines Group

In other news, SVP Angela Owens sold 40,077 shares of the firm's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $15.26, for a total value of $611,575.02. Following the transaction, the senior vice president directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO David Seymour sold 56,456 shares of American Airlines Group stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total transaction of $1,016,208.00. Following the completion of the transaction, the chief operating officer directly owned 969,033 shares of the company's stock, valued at $17,442,594. This trade represents a 5.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 205,044 shares of company stock valued at $3,407,451. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on American Airlines Group from $13.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, May 29th. Morgan Stanley increased their price objective on shares of American Airlines Group from $20.00 to $24.00 and gave the company an "overweight" rating in a research report on Monday, June 1st. Bank of America lifted their price objective on shares of American Airlines Group from $16.00 to $19.00 and gave the company a "neutral" rating in a research note on Wednesday, July 1st. TD Cowen reduced their target price on shares of American Airlines Group from $24.00 to $16.00 and set a "buy" rating on the stock in a research report on Monday, August 24th. Finally, The Goldman Sachs Group decreased their target price on shares of American Airlines Group from $15.00 to $13.00 and set a "sell" rating for the company in a research note on Friday, July 24th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $18.58.

American Airlines Group Price Performance

Shares of AAL stock opened at $12.96 on Monday. The firm has a fifty day moving average of $14.34 and a two-hundred day moving average of $13.61. The firm has a market cap of $8.58 billion, a P/E ratio of -26.45 and a beta of 1.33. 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. American Airlines Group had a negative net margin of 0.56% and a negative return on equity of 9.11%. The business had revenue of $16.73 billion for the quarter, compared to analysts' expectations of $16.70 billion. During the same quarter last year, the company posted $0.95 earnings per share. The company's quarterly revenue was up 16.3% compared to the same quarter last year. 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. On average, sell-side analysts expect that American Airlines Group Inc. will post -0.16 EPS for the current year.

American Airlines Group Profile

American Airlines Group Inc is a holding company whose principal subsidiary, American Airlines, provides scheduled passenger air transportation and cargo services. The airline serves destinations throughout the United States and connects customers to international markets across the Americas, Europe, Asia and other regions through its own network and partnerships.

American Airlines offers multiple travel classes and related services, including reservations, onboard products, travel rewards through the AAdvantage loyalty program, and freight transportation.

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