Federated Hermes Inc. Raises Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Federated Hermes Inc. raised its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 32.2% during the 4th quarter, Holdings Channel reports. The firm owned 4,114 shares of the airline’s stock after buying an additional 1,003 shares during the quarter. Federated Hermes Inc.’s holdings in American Airlines Group were worth $57,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gables Capital Management Inc. grew its stake in American Airlines Group by 100.0% in the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock valued at $26,000 after acquiring an additional 1,000 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in American Airlines Group during the third quarter valued at $33,000. Baystate Wealth Management LLC grew its position in shares of American Airlines Group by 267.1% in the fourth quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock valued at $54,000 after purchasing an additional 2,855 shares during the period. Friedenthal Financial purchased a new stake in shares of American Airlines Group during the fourth quarter worth about $58,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of American Airlines Group by 238.1% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 4,260 shares of the airline’s stock worth $55,000 after purchasing an additional 3,000 shares during the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AAL shares. Morgan Stanley reiterated an “overweight” rating and set a $20.00 price objective on shares of American Airlines Group in a research note on Tuesday, March 5th. Wolfe Research raised American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a research note on Monday, January 22nd. TD Cowen raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $14.00 to $21.00 in a report on Friday, January 26th. JPMorgan Chase & Co. increased their target price on shares of American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.60.

American Airlines Group Stock Performance

AAL stock opened at $14.65 on Tuesday. The company’s 50 day moving average price is $14.33 and its 200 day moving average price is $13.74. American Airlines Group Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 0.20 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The company had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. Equities analysts forecast that American Airlines Group Inc. will post 2.54 EPS for the current fiscal year.

American Airlines Group 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, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.