Allspring Global Investments Holdings LLC lifted its position in American Airlines Group Inc. (NASDAQ:AAL – Get Rating) by 52.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,459 shares of the airline’s stock after purchasing an additional 20,364 shares during the period. Allspring Global Investments Holdings LLC’s holdings in American Airlines Group were worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the company. Retirement Systems of Alabama lifted its stake in shares of American Airlines Group by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 215,323 shares of the airline’s stock valued at $2,730,000 after purchasing an additional 708 shares during the period. Franklin Resources Inc. increased its holdings in American Airlines Group by 6.7% in the 2nd quarter. Franklin Resources Inc. now owns 12,311 shares of the airline’s stock worth $156,000 after acquiring an additional 771 shares in the last quarter. Truist Financial Corp increased its holdings in American Airlines Group by 2.1% in the 3rd quarter. Truist Financial Corp now owns 45,629 shares of the airline’s stock worth $550,000 after acquiring an additional 945 shares in the last quarter. Main Street Financial Solutions LLC increased its holdings in American Airlines Group by 6.8% in the 2nd quarter. Main Street Financial Solutions LLC now owns 15,625 shares of the airline’s stock worth $198,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in American Airlines Group by 36.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,754 shares of the airline’s stock worth $48,000 after acquiring an additional 1,000 shares in the last quarter. 54.84% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently commented on AAL shares. Cowen cut their price target on shares of American Airlines Group to $18.00 in a report on Thursday, October 27th. Citigroup boosted their price target on shares of American Airlines Group to $19.00 in a report on Tuesday, January 17th. Morgan Stanley dropped their target price on shares of American Airlines Group from $22.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, December 5th. Evercore ISI upped their target price on shares of American Airlines Group to $17.00 in a report on Friday, January 13th. Finally, The Goldman Sachs Group began coverage on shares of American Airlines Group in a report on Friday, December 16th. They set a “neutral” rating and a $13.00 target price for the company. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, American Airlines Group currently has an average rating of “Hold” and an average price target of $17.50.
Insider Buying and Selling at American Airlines Group
American Airlines Group Price Performance
NASDAQ AAL opened at $16.34 on Monday. The firm’s 50-day moving average is $14.09 and its two-hundred day moving average is $13.91. American Airlines Group Inc. has a 12 month low of $11.65 and a 12 month high of $21.42. The stock has a market capitalization of $10.62 billion, a P/E ratio of -6.31 and a beta of 1.47.
American Airlines Group (NASDAQ:AAL – Get Rating) last posted its earnings results on Thursday, October 20th. The airline reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.15. The company had revenue of $13.46 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same period in the previous year, the company earned ($0.99) EPS. The company’s quarterly revenue was up 50.1% compared to the same quarter last year. As a group, analysts anticipate that American Airlines Group Inc. will post 0.06 EPS for the current year.
American Airlines Group Company Profile
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.
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