Federated Hermes Inc. Increases Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Key Points

• Federated Hermes Inc. increased its holdings in American Airlines Group Inc. by 305.8% during the first quarter, acquiring over 1.1 million shares and now owns approximately 0.23% of the company.
• Analysts have boosted their price targets for American Airlines Group, with most recent updates marking a range from $10.00 to $13.00, reflecting a generally positive outlook for the stock.
• The company reported a quarterly EPS of $0.95, exceeding estimates, with a revenue of $14.39 billion, indicating a modest increase compared to last year.

Federated Hermes Inc. increased its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 305.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,499,338 shares of the airline's stock after purchasing an additional 1,129,845 shares during the quarter. Federated Hermes Inc. owned approximately 0.23% of American Airlines Group worth $15,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elequin Capital LP lifted its stake in shares of American Airlines Group by 208.5% during the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after buying an additional 1,182 shares in the last quarter. Bogart Wealth LLC lifted its stake in shares of American Airlines Group by 1,300.0% during the 1st quarter. Bogart Wealth LLC now owns 2,800 shares of the airline's stock valued at $30,000 after buying an additional 2,600 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of American Airlines Group during the 1st quarter valued at approximately $30,000. Golden State Wealth Management LLC lifted its stake in shares of American Airlines Group by 121.4% during the 1st quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline's stock valued at $33,000 after buying an additional 1,709 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of American Airlines Group during the 4th quarter valued at approximately $42,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AAL has been the topic of a number of recent research reports. Raymond James Financial dropped their price target on shares of American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Bank of America upped their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. UBS Group upped their target price on shares of American Airlines Group from $9.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday, July 7th. Susquehanna decreased their target price on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Barclays upped their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $16.76.

American Airlines Group Trading Down 4.0%

Shares of NASDAQ:AAL traded down $0.46 during trading on Friday, reaching $11.03. The company had a trading volume of 71,518,259 shares, compared to its average volume of 74,256,584. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The stock has a market capitalization of $7.28 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 2.50 and a beta of 1.43. The company has a fifty day moving average of $11.52 and a two-hundred day moving average of $12.36.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The airline reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.16. American Airlines Group had a net margin of 1.05% and a negative return on equity of 24.55%. The company had revenue of $14.39 billion during the quarter, compared to analysts' expectations of $14.27 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The firm's revenue was up .4% on a year-over-year basis. As a group, equities research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.