Bank of New York Mellon Corp Acquires New Stake in American Airlines Group Inc. $AAL

Key Points

• Bank of New York Mellon initiated a sizable American Airlines position, buying 3.77 million shares valued at approximately $68.1 million, or 0.57% of AAL. Institutional investors collectively own 52.44% of the airline.
• American Airlines reported quarterly EPS of $0.15, beating estimates of $0.03, while revenue rose 16.3% year over year to $16.73 billion. However, the company remains unprofitable overall and reduced its fourth-quarter capacity outlook amid signs of slowing travel.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an $18.86 price target; recent targets ranged from $16 to $25. Insiders also sold more than 205,000 shares worth approximately $3.4 million in the latest quarter.

Bank of New York Mellon Corp purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,770,434 shares of the airline's stock, valued at approximately $68,132,000. Bank of New York Mellon Corp owned about 0.57% of American Airlines Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC raised its holdings in shares of American Airlines Group by 569.4% during the first quarter. Renaissance Technologies LLC now owns 9,687,232 shares of the airline's stock worth $104,041,000 after acquiring an additional 8,240,100 shares in the last quarter. Two Sigma Investments LP increased its position in American Airlines Group by 49.1% in the 3rd quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline's stock worth $153,660,000 after purchasing an additional 4,500,897 shares during the last quarter. Norges Bank acquired a new position in American Airlines Group in the 4th quarter worth about $33,198,000. AQR Capital Management LLC raised its stake in shares of American Airlines Group by 1,711.5% during the 4th quarter. AQR Capital Management LLC now owns 1,984,457 shares of the airline's stock worth $30,422,000 after purchasing an additional 1,874,909 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of American Airlines Group by 572.8% during the 4th quarter. First Trust Advisors LP now owns 2,152,577 shares of the airline's stock valued at $32,999,000 after buying an additional 1,832,613 shares during the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Angela Owens sold 40,077 shares of the company'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 sale, the senior vice president owned 178,799 shares of the company's stock, valued at $2,728,472.74. The trade was a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO David Seymour sold 56,456 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value 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 approximately $17,442,594. The trade was a 5.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 205,044 shares of company stock worth $3,407,451 in the last quarter. Corporate insiders own 0.70% of the company's stock.

Key American Airlines Group News

Here are the key news stories impacting American Airlines Group this week:

• Positive Sentiment: Airline stocks received some support after United Airlines announced the largest international expansion in its history, including 10 new destinations for 2027. The announcement suggests carriers continue to see opportunities for international travel growth, and AAL participated in the broader sector strength. Why United Airlines Stock Is Flying Higher Than Delta and American Today
• Neutral Sentiment: TD Cowen cut its American Airlines price target from $24 to $16 but maintained a “buy” rating. The sharply lower target reflects reduced expectations, although the rating indicates analysts still see potential upside from current levels. TD Cowen Price Target Update
• Neutral Sentiment: Reported short interest was listed at zero shares, with an unusable change calculation and a zero-day short-interest ratio. Because the figures appear to be a data error, they provide no reliable signal about investor positioning. American Airlines Short Interest Update
• Negative Sentiment: United’s expanded JFK presence and new international routes could strengthen its competitive position against American, particularly in premium and long-haul markets. The development may increase pressure on AAL’s fares, market share, and future growth. United Airlines CEO Makes Big JFK Move
• Negative Sentiment: American Airlines reportedly reduced its fourth-quarter capacity forecast amid signs of slowing travel. Lower planned capacity can signal weaker demand or tighter revenue expectations, adding pressure after the company’s latest guidance pointed to continued earnings volatility. American Airlines Stock Falls After Q4 Capacity Forecast Reduced

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $13.95 on Wednesday. American Airlines Group Inc. has a fifty-two week low of $10.09 and a fifty-two week high of $18.79. The firm has a fifty day moving average price of $15.78 and a two-hundred day moving average price of $13.71. The company has a market cap of $9.23 billion, a PE ratio of -28.47 and a beta of 1.34.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its earnings results on Thursday, July 23rd. The airline reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.12. The business 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 was up 16.3% on a year-over-year basis. During the same quarter last 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.

Analysts Set New Price Targets

AAL has been the topic of several recent research reports. Zacks Research lowered American Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Friday, August 21st. Jefferies Financial Group upped their price target on American Airlines Group from $15.00 to $16.00 and gave the stock a "hold" rating in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft raised their price objective on American Airlines Group from $13.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Wells Fargo & Company restated a "market perform" rating on shares of American Airlines Group in a report on Tuesday, June 30th. Finally, Susquehanna increased their price target on American Airlines Group from $16.00 to $25.00 and gave the company a "positive" rating in a report on Tuesday, July 7th. Eight equities research 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. According to MarketBeat, American Airlines Group has a consensus rating of "Hold" and a consensus price target of $18.86.

American Airlines Group 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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