Nearwater Capital Markets Ltd purchased a new position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,750,000 shares of the airline's stock, valued at approximately $29,012,000. Nearwater Capital Markets Ltd owned approximately 0.42% of American Airlines Group at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Vident Advisory LLC grew its position in American Airlines Group by 3.2% in the 1st quarter. Vident Advisory LLC now owns 32,418 shares of the airline's stock valued at $342,000 after acquiring an additional 1,007 shares during the last quarter. Signaturefd LLC grew its position in American Airlines Group by 10.0% in the 1st quarter. Signaturefd LLC now owns 11,289 shares of the airline's stock valued at $119,000 after acquiring an additional 1,030 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its position in American Airlines Group by 58.0% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 2,839 shares of the airline's stock valued at $30,000 after acquiring an additional 1,042 shares during the last quarter. Elequin Capital LP grew its position in American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its position in American Airlines Group by 121.4% in the 1st quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline's stock valued at $33,000 after acquiring an additional 1,709 shares during the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group Stock Performance
AAL stock traded down $0.02 during trading on Wednesday, reaching $12.75. 55,101,891 shares of the company traded hands, compared to its average volume of 58,239,855. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The business has a 50 day simple moving average of $12.38 and a 200 day simple moving average of $11.58. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 3.34 and a beta of 1.40.
American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The airline reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.16. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%.The company had revenue of $14.39 billion for the quarter, compared to the consensus estimate of $14.27 billion. During the same quarter last year, the company earned $1.09 earnings per share. The firm's revenue for the quarter was up .4% compared to the same quarter last year. American Airlines Group has set its Q3 2025 guidance at -0.600--0.100 EPS. As a group, research analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have commented on the company. Sanford C. Bernstein upped their price objective on American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Raymond James Financial set a $14.00 price objective on American Airlines Group in a research report on Monday, August 25th. UBS Group upped their price objective on American Airlines Group from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, July 7th. Barclays increased their price target on American Airlines Group from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Finally, Bank of America increased their price target on American Airlines Group from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $16.94.
View Our Latest Stock Report on American Airlines Group
About American Airlines Group
(
Free Report)
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.
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