Union Square Park Capital Management LLC purchased a new position in American Airlines Group Inc. (NASDAQ:AAL – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 100,000 shares of the airline’s stock, valued at approximately $1,074,000.
A number of other large investors also recently modified their holdings of the business. West Branch Capital LLC bought a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $31,000. Center for Financial Planning Inc. increased 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 period. Root Financial Partners LLC increased its position in American Airlines Group by 33.1% during the first quarter. Root Financial Partners LLC now owns 3,816 shares of the airline’s stock worth $41,000 after acquiring an additional 949 shares during the period. Clearstead Advisors LLC raised its stake in American Airlines Group by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 2,968 shares of the airline’s stock valued at $45,000 after purchasing an additional 1,733 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in American Airlines Group by 208.2% during the 4th 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 during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.
American Airlines Group Price Performance
Shares of AAL stock opened at $14.48 on Friday. American Airlines Group Inc. has a one year low of $10.09 and a one year high of $18.79. The stock has a fifty day moving average price of $15.35 and a 200 day moving average price of $13.71. The stock has a market cap of $9.58 billion, a P/E ratio of -29.55 and a beta of 1.32.
Key Headlines Impacting American Airlines Group
Here are the key news stories impacting American Airlines Group this week:
- Positive Sentiment: JPMorgan raised its price target on AAL to $24 from $22 and kept an overweight rating, signaling greater confidence in the stock’s upside after the post-earnings pullback. Benzinga
- Positive Sentiment: Zacks added American Airlines to its Rank #1 (Strong Buy) list, while other commentary said the stock looks technically oversold and could be due for a turnaround. Zacks
- Positive Sentiment: Analysts and market commentary pointed to improving sentiment around revenue strategy, premium demand, loyalty growth, and network gains, which supports the case for a recovery after the stock’s recent drop. Yahoo Finance
- Neutral Sentiment: American Airlines reported record quarterly revenue of $16.74 billion and beat EPS expectations, but investors are balancing that strength against a sharp profit decline year over year and a weaker full-year outlook. GlobeNewswire
- Negative Sentiment: The main pressure point remains surging jet fuel costs, which led American Airlines to cut its earnings guidance and cloud the profit outlook despite strong demand trends. CNBC
Analysts Set New Price Targets
A number of analysts have weighed in on AAL shares. TD Cowen increased their price target on shares of American Airlines Group from $20.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. UBS Group boosted their price objective on shares of American Airlines Group from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Bank of America upped their price objective on shares of American Airlines Group from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of American Airlines Group from $13.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, The Goldman Sachs Group decreased their target price on American Airlines Group from $15.00 to $13.00 and set a “sell” rating on the stock in a research report on Friday. 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 given a Sell rating to the company. According to data from MarketBeat.com, American Airlines Group currently has a consensus rating of “Hold” and a consensus price target of $19.18.
Get Our Latest Research Report on American Airlines Group
Insider Buying and Selling at American Airlines Group
In related news, COO David Seymour sold 56,456 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $1,016,208.00. Following the sale, the chief operating officer 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.
American Airlines Group Company 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.
Further Reading
- Five stocks we like better than American Airlines Group
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
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).
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.
