Amundi boosted its position in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 75.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 746,856 shares of the airline’s stock after purchasing an additional 320,165 shares during the quarter. Amundi owned about 0.11% of American Airlines Group worth $7,879,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in American Airlines Group by 169.6% during the 1st quarter. Russell Investments Group Ltd. now owns 485,995 shares of the airline’s stock worth $5,128,000 after purchasing an additional 305,740 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in American Airlines Group by 11.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 51,470 shares of the airline’s stock worth $897,000 after purchasing an additional 5,152 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of American Airlines Group by 99.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 32,160 shares of the airline’s stock worth $339,000 after buying an additional 16,041 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of American Airlines Group during the 1st quarter worth about $870,000. Finally, GAMMA Investing LLC grew its position in shares of American Airlines Group by 21.8% during the 1st quarter. GAMMA Investing LLC now owns 12,700 shares of the airline’s stock worth $134,000 after buying an additional 2,270 shares during the period. 52.44% of the stock is owned by institutional investors.
American Airlines Group Stock Up 0.5%
NASDAQ:AAL opened at $12.82 on Thursday. American Airlines Group Inc. has a twelve month low of $8.50 and a twelve month high of $19.10. The business has a 50 day moving average price of $12.40 and a two-hundred day moving average price of $11.59. The company has a market cap of $8.46 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 3.29 and a beta of 1.40.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. The Goldman Sachs Group boosted their target price on American Airlines Group from $8.00 to $10.00 and gave the stock a “sell” rating in a research report on Wednesday, August 27th. Barclays boosted their target price on American Airlines Group from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Raymond James Financial set a $14.00 target price on American Airlines Group in a research report on Monday, August 25th. UBS Group boosted their target price on American Airlines Group from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, July 7th. Finally, Bank of America boosted their target price on American Airlines Group from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, American Airlines Group has a consensus rating of “Moderate Buy” and an average target price of $16.94.
Check Out Our Latest Analysis on American Airlines Group
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, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.
Read More
- Five stocks we like better than American Airlines Group
- How to Invest in Insurance Companies: A Guide
- Part of the Club: Robinhood & AppLovin Soar on S&P 500 Inclusion
- What Are Dividend Challengers?
- Despite Pullback, Rocket Lab Still Looks Primed for a Breakout
- What is diluted earnings per share (Diluted EPS)?
- Analyst Upgrades Strengthen Microsoft’s Long-Term Outlook
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.