Cibc World Market Inc. Buys New Shares in American Airlines Group Inc. $AAL

Cibc World Market Inc. bought a new position in American Airlines Group Inc. (NASDAQ:AALFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 156,205 shares of the airline’s stock, valued at approximately $2,823,000.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of American Airlines Group in the second quarter valued at about $1,144,739,000. Two Sigma Investments LP grew its position in shares of American Airlines Group by 49.1% during the third quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline’s stock worth $153,660,000 after purchasing an additional 4,500,897 shares in the last quarter. Geode Capital Management LLC grew its position 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 worth $196,323,000 after purchasing an additional 159,844 shares in the last quarter. Renaissance Technologies LLC raised its stake in American Airlines Group by 569.4% during the 1st quarter. Renaissance Technologies LLC now owns 9,687,232 shares of the airline’s stock valued at $104,041,000 after purchasing an additional 8,240,100 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in American Airlines Group by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,086,888 shares of the airline’s stock valued at $76,098,000 after purchasing an additional 152,266 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.

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Insider Activity

In other news, SVP Angela Owens sold 40,077 shares of American Airlines Group stock in a transaction that occurred 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 sale, the senior vice president owned 178,799 shares of the company’s stock, valued at approximately $2,728,472.74. The trade was a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO David Seymour sold 56,456 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $1,016,208.00. Following the completion of the sale, the chief operating officer owned 969,033 shares of the company’s stock, valued at $17,442,594. This represents a 5.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 205,044 shares of company stock valued at $3,407,451. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AAL. Melius Research cut American Airlines Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $15.00 to $19.00 in a report on Tuesday, July 7th. Jefferies Financial Group lifted their price objective 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. Susquehanna boosted their target price on shares of American Airlines Group from $16.00 to $25.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. Wall Street Zen downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Barclays upped their target price on shares of American Airlines Group from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.86.

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American Airlines Group Stock Performance

NASDAQ AAL opened at $13.84 on Thursday. The company has a market capitalization of $9.16 billion, a P/E ratio of -28.24 and a beta of 1.34. American Airlines Group Inc. has a one year low of $10.09 and a one year high of $18.79. The stock has a 50 day moving average price of $15.74 and a 200-day moving average price of $13.71.

American Airlines Group (NASDAQ:AALGet Free Report) last posted its earnings results on Thursday, July 23rd. The airline reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $16.73 billion for the quarter, compared to the consensus estimate of $16.70 billion. During the same period in the previous year, the firm posted $0.95 EPS. The business’s quarterly revenue was up 16.3% on a year-over-year basis. 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. As a group, equities analysts predict that American Airlines Group Inc. will post -0.13 EPS for the current fiscal year.

American Airlines Group Profile

(Free Report)

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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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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