BlackRock Inc. Makes New Investment in American Airlines Group Inc. $AAL

BlackRock Inc. bought a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the second quarter, Holdings Channel.com reports. The firm bought 63,350,228 shares of the airline’s stock, valued at approximately $1,144,739,000. BlackRock Inc. owned approximately 0.10% of American Airlines Group at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AAL. Center for Financial Planning Inc. boosted its position in American Airlines Group by 377.4% during the fourth quarter. Center for Financial Planning Inc. now owns 2,530 shares of the airline’s stock worth $39,000 after acquiring an additional 2,000 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of American Airlines Group by 33.1% during 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 last quarter. Clearstead Advisors LLC boosted its holdings in shares of American Airlines Group by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 2,968 shares of the airline’s stock worth $45,000 after purchasing an additional 1,733 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of American Airlines Group by 208.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,282 shares of the airline’s stock valued at $50,000 after purchasing an additional 2,217 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in shares of American Airlines Group by 74.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,500 shares of the airline’s stock valued at $54,000 after purchasing an additional 1,498 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO David Seymour sold 69,343 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $17.00, for a total value of $1,178,831.00. Following the completion of the transaction, the chief operating officer owned 1,025,489 shares in the company, valued at approximately $17,433,313. This represents a 6.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 transaction of $611,575.02. Following the completion of the transaction, the senior vice president directly owned 178,799 shares in the company, valued at $2,728,472.74. This trade represents a 18.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 205,044 shares of company stock valued at $3,407,451 over the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

American Airlines Group Trading Up 2.2%

Shares of NASDAQ:AAL opened at $13.82 on Friday. American Airlines Group Inc. has a 52 week low of $10.09 and a 52 week high of $18.79. The company’s 50 day moving average is $15.85 and its two-hundred day moving average is $13.72. The company has a market cap of $9.15 billion, a PE ratio of -28.20 and a beta of 1.34.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, July 23rd. The airline reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.12. The company had revenue of $16.73 billion during the quarter, compared to the consensus estimate of $16.70 billion. American Airlines Group had a negative return on equity of 9.11% and a negative net margin of 0.56%.American Airlines Group’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 EPS. 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.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AAL. Wall Street Zen lowered American Airlines Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. UBS Group reduced their price target on American Airlines Group from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Jefferies Financial Group boosted their price target on shares of American Airlines Group from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of American Airlines Group from $13.00 to $18.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, Weiss Ratings upgraded shares of American Airlines Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.03.

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.