M&T Bank Corp Acquires 1,487 Shares of American Airlines Group Inc. (NASDAQ:AAL)

M&T Bank Corp grew its holdings in shares of American Airlines Group Inc. (NASDAQ:AALGet Rating) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,594 shares of the airline’s stock after buying an additional 1,487 shares during the period. M&T Bank Corp’s holdings in American Airlines Group were worth $345,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Retirement Systems of Alabama boosted its stake in American Airlines Group by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 215,323 shares of the airline’s stock worth $2,730,000 after purchasing an additional 708 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in American Airlines Group by 2.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 28,945 shares of the airline’s stock worth $528,000 after buying an additional 778 shares during the last quarter. TD Asset Management Inc. increased its position in shares of American Airlines Group by 0.7% during the 1st quarter. TD Asset Management Inc. now owns 118,374 shares of the airline’s stock valued at $2,160,000 after purchasing an additional 800 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of American Airlines Group by 2.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 32,377 shares of the airline’s stock valued at $591,000 after purchasing an additional 890 shares during the last quarter. Finally, FinTrust Capital Advisors LLC increased its position in shares of American Airlines Group by 37.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 3,678 shares of the airline’s stock valued at $67,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 54.06% of the company’s stock.

American Airlines Group Price Performance

AAL stock opened at $14.68 on Tuesday. American Airlines Group Inc. has a 1-year low of $11.65 and a 1-year high of $21.42. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of -5.67 and a beta of 1.48. The business has a 50 day simple moving average of $13.48 and a two-hundred day simple moving average of $14.44.

American Airlines Group (NASDAQ:AALGet Rating) last posted its quarterly earnings results on Thursday, October 20th. The airline reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.15. The business had revenue of $13.46 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the previous year, the company earned ($0.99) earnings per share. The company’s revenue for the quarter was up 50.1% compared to the same quarter last year. Sell-side analysts anticipate that American Airlines Group Inc. will post -0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AAL has been the subject of several research reports. Melius initiated coverage on shares of American Airlines Group in a research report on Monday, August 15th. They set a “hold” rating for the company. Citigroup reduced their price target on shares of American Airlines Group from $16.00 to $15.00 in a research report on Monday, October 17th. Bank of America reduced their price target on shares of American Airlines Group from $8.00 to $7.00 and set an “underperform” rating for the company in a research report on Thursday, October 6th. Barclays reduced their price target on shares of American Airlines Group from $17.00 to $14.00 in a research report on Wednesday, October 12th. Finally, StockNews.com began coverage on American Airlines Group in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.43.

Insiders Place Their Bets

In other American Airlines Group news, EVP Vasu Raja sold 1,851 shares of the company’s stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $13.59, for a total value of $25,155.09. Following the completion of the transaction, the executive vice president now directly owns 80,006 shares in the company, valued at approximately $1,087,281.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is currently owned by corporate insiders.

American Airlines Group Profile

(Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

Further Reading

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

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