BlackRock Inc. purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 63,350,228 shares of the airline's stock, valued at approximately $1,144,739,000. BlackRock Inc. owned about 9.57% of American Airlines Group as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of American Airlines Group by 21.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,276 shares of the airline's stock valued at $66,000 after acquiring an additional 766 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of American Airlines Group by 6.6% in the 2nd quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline's stock valued at $149,000 after purchasing an additional 823 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of American Airlines Group by 4.5% in the 1st quarter. HB Wealth Management LLC now owns 20,205 shares of the airline's stock worth $217,000 after purchasing an additional 871 shares during the period. Root Financial Partners LLC boosted its holdings in shares of American Airlines Group by 33.1% in the 1st quarter. Root Financial Partners LLC now owns 3,816 shares of the airline's stock worth $41,000 after purchasing an additional 949 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of American Airlines Group by 4.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 20,631 shares of the airline's stock valued at $222,000 after purchasing an additional 966 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company's stock.
Wall Street Analysts Forecast Growth
AAL has been the subject of a number of analyst reports. Sanford C. Bernstein raised their price target on American Airlines Group from $20.00 to $23.00 and gave the stock a "market outperform" rating in a research report on Wednesday, July 1st. Susquehanna boosted their price objective on shares of American Airlines Group from $16.00 to $25.00 and gave the company a "positive" rating in a research report on Tuesday, July 7th. UBS Group reduced their target price on shares of American Airlines Group from $21.00 to $18.00 and set a "buy" rating on the stock in a research note on Monday, July 27th. Wells Fargo & Company restated a "market perform" rating on shares of American Airlines Group in a report on Tuesday, June 30th. Finally, The Goldman Sachs Group cut their price target on shares of American Airlines Group from $15.00 to $13.00 and set a "sell" rating on the stock in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, American Airlines Group presently has an average rating of "Hold" and an average target price of $19.03.
View Our Latest Report on AAL
Insider Activity at American Airlines Group
In other news, COO David Seymour sold 56,456 shares of the company's 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 sale, the chief operating officer directly owned 969,033 shares of the company's stock, valued at $17,442,594. This represents a 5.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Angela Owens sold 40,077 shares of American Airlines Group 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 owned 178,799 shares of the company's stock, valued at $2,728,472.74. The trade was a 18.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 205,044 shares of company stock valued at $3,407,451. Company insiders own 0.70% of the company's stock.
American Airlines Group Trading Up 2.2%
NASDAQ:AAL opened at $13.82 on Friday. American Airlines Group Inc. has a 12 month low of $10.09 and a 12 month high of $18.79. The firm has a fifty day simple moving average of $15.85 and a 200-day simple moving average of $13.72. The company has a market capitalization of $9.15 billion, a P/E ratio of -28.20 and a beta of 1.34.
American Airlines Group (NASDAQ:AAL - Get Free Report) last announced 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. American Airlines Group had a negative net margin of 0.56% and a negative return on equity of 9.11%. The firm had revenue of $16.73 billion for the quarter, compared to analyst estimates of $16.70 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The business'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.
American Airlines Group Company 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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