Man Group plc Makes New Investment in American Airlines Group Inc. $AAL

Key Points

• Man Group plc purchased 573,151 American Airlines shares in the second quarter, valued at approximately $10.4 million, while institutional investors collectively owned 52.44% of AAL.
• American Airlines reported second-quarter EPS of $0.15, beating estimates of $0.03, with revenue rising 16.3% year over year to $16.73 billion; however, management’s 2026 earnings outlook remains weak.
• AAL shares opened at $13.64, and analysts have a consensus “Hold” rating with an average price target of $18.86. Recent insider activity was negative, with executives selling 205,044 shares worth about $3.4 million over 90 days.

Man Group plc purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 573,151 shares of the airline's stock, valued at approximately $10,357,000. Man Group plc owned 0.09% of American Airlines Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Primecap Management Co. CA acquired a new position in American Airlines Group during the 2nd quarter valued at about $1,278,144,000. BlackRock Inc. acquired a new stake in shares of American Airlines Group in the second quarter valued at approximately $1,144,739,000. Two Sigma Investments LP increased its stake in shares of American Airlines Group by 49.1% in the third quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline's stock valued at $153,660,000 after purchasing an additional 4,500,897 shares during the period. Geode Capital Management LLC raised its holdings in shares of American Airlines Group by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 12,803,168 shares of the airline's stock valued at $196,323,000 after buying an additional 159,844 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position 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 buying an additional 8,240,100 shares during the period. Institutional investors own 52.44% of the company's stock.

Insiders Place Their Bets

In other news, COO David Seymour sold 56,456 shares of the business's stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total transaction 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. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Angela Owens sold 40,077 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $15.26, for a total value of $611,575.02. Following the completion of the transaction, the senior vice president owned 178,799 shares of the company's stock, valued at $2,728,472.74. This trade represents a 18.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 205,044 shares of company stock worth $3,407,451 over the last ninety days. 0.70% of the stock is owned by insiders.

American Airlines Group Stock Down 0.6%

Shares of AAL stock opened at $13.64 on Friday. The stock has a 50-day simple moving average of $15.65 and a 200 day simple moving average of $13.70. American Airlines Group Inc. has a fifty-two week low of $10.09 and a fifty-two week high of $18.79. The stock has a market capitalization of $9.03 billion, a P/E ratio of -27.84 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 (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 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 company posted $0.95 EPS. The business's 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 anticipate that American Airlines Group Inc. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AAL shares. Melius Research lowered American Airlines Group from a "buy" rating to a "hold" rating and increased their price objective for the stock from $15.00 to $19.00 in a report on Tuesday, July 7th. Bank of America increased their price target on American Airlines Group from $16.00 to $19.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 1st. Susquehanna lifted 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 note on Tuesday, July 7th. Morgan Stanley increased their target price 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. Finally, Zacks Research cut shares of American Airlines Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 21st. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.

Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc. (NASDAQ:AAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source