Bank of Nova Scotia bought a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 779,907 shares of the airline's stock, valued at approximately $14,093,000. Bank of Nova Scotia owned approximately 0.12% of American Airlines Group at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in AAL. Keating Financial Advisory Services Inc. bought a new position in shares of American Airlines Group in the second quarter worth about $29,000. Center for Financial Planning Inc. increased its holdings in shares of American Airlines Group by 377.4% during the fourth quarter. Center for Financial Planning Inc. now owns 2,530 shares of the airline's stock worth $39,000 after buying an additional 2,000 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of American Airlines Group by 33.1% during the 1st quarter. Root Financial Partners LLC now owns 3,816 shares of the airline's stock valued at $41,000 after acquiring an additional 949 shares in the last quarter. Clearstead Advisors LLC grew its position in American Airlines Group by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 2,968 shares of the airline's stock worth $45,000 after acquiring an additional 1,733 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of American Airlines Group by 208.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,282 shares of the airline's stock valued at $50,000 after buying an additional 2,217 shares during the period. 52.44% of the stock is owned by institutional investors.
Insider Activity at American Airlines Group
In related news, SVP Angela Owens sold 40,077 shares of the company's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $15.26, for a total transaction of $611,575.02. Following the sale, the senior vice president directly owned 178,799 shares in the company, valued at approximately $2,728,472.74. This represents a 18.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO David Seymour sold 56,456 shares of American Airlines Group stock in a transaction on Thursday, June 25th. The shares were 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 owned 969,033 shares of the company's stock, valued at approximately $17,442,594. This trade represents a 5.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 205,044 shares of company stock valued at $3,407,451. 0.70% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research analysts have commented on AAL shares. 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 report on Friday, July 24th. Melius Research downgraded shares of American Airlines Group from a "buy" rating to a "hold" rating and increased their target price for the company from $15.00 to $19.00 in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of American Airlines Group from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Bank of America upped their target price on American Airlines Group from $16.00 to $19.00 and gave the company a "neutral" rating in a research report on Wednesday, July 1st. Finally, Wall Street Zen downgraded shares of American Airlines Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, American Airlines Group has a consensus rating of "Hold" and an average target price of $18.86.
Check Out Our Latest Stock Analysis on American Airlines Group
American Airlines Group Stock Performance
AAL stock opened at $13.63 on Tuesday. The company has a market capitalization of $9.02 billion, a P/E ratio of -27.82 and a beta of 1.34. American Airlines Group Inc. has a 52-week low of $10.09 and a 52-week high of $18.79. The business has a 50-day simple moving average of $15.81 and a two-hundred day simple moving average of $13.71.
American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its earnings results on Thursday, July 23rd. The airline reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.12. American Airlines Group had a negative return on equity of 9.11% and a negative net margin of 0.56%.The company had revenue of $16.73 billion for the quarter, compared to analysts' expectations of $16.70 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. American Airlines Group's quarterly revenue was up 16.3% on a year-over-year basis. 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.
About American Airlines Group
(
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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