American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) SVP Angela Owens sold 39,168 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $15.34, for a total value of $600,837.12. Following the sale, the senior vice president owned 218,876 shares of the company’s stock, valued at approximately $3,357,557.84. This represents a 15.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Angela Owens also recently made the following trade(s):
- On Friday, July 31st, Angela Owens sold 40,077 shares of American Airlines Group stock. The stock was sold at an average price of $15.26, for a total transaction of $611,575.02.
American Airlines Group Stock Performance
NASDAQ:AAL opened at $15.27 on Friday. The company’s 50-day simple moving average is $15.57 and its 200-day simple moving average is $13.68. 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 $10.11 billion, a P/E ratio of -31.16 and a beta of 1.32.
Wall Street Analysts Forecast Growth
AAL has been the subject of several recent analyst reports. BMO Capital Markets cut their price target on American Airlines Group from $19.50 to $19.00 and set a “market perform” rating for the company in a research note on Friday, July 24th. JPMorgan Chase & Co. increased their price target on American Airlines Group from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Wells Fargo & Company reissued a “market perform” rating on shares of American Airlines Group in a report on Tuesday, June 30th. Sanford C. Bernstein boosted their price objective on American Airlines Group from $20.00 to $23.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 1st. Finally, Jefferies Financial Group boosted their price objective on American Airlines Group from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.03.
View Our Latest Research Report on AAL
Institutional Investors Weigh In On American Airlines Group
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. raised its position in American Airlines Group by 1.3% in the second quarter. Invesco Ltd. now owns 2,978,006 shares of the airline’s stock valued at $33,413,000 after purchasing an additional 36,877 shares during the period. Brown Advisory Inc. grew its holdings in shares of American Airlines Group by 42.6% during the 2nd quarter. Brown Advisory Inc. now owns 45,358 shares of the airline’s stock worth $509,000 after purchasing an additional 13,539 shares during the period. California Public Employees Retirement System grew its holdings in shares of American Airlines Group by 5.0% during the 2nd quarter. California Public Employees Retirement System now owns 1,164,443 shares of the airline’s stock worth $13,065,000 after purchasing an additional 55,059 shares during the period. NewEdge Advisors LLC increased its position in shares of American Airlines Group by 6.6% during the 2nd quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline’s stock worth $149,000 after purchasing an additional 823 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in American Airlines Group by 34.4% in the 2nd quarter. Sei Investments Co. now owns 1,315,532 shares of the airline’s stock valued at $14,760,000 after buying an additional 336,993 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.
About American Airlines Group
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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