Signaturefd LLC reduced its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 10.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,081 shares of the airline’s stock after selling 1,208 shares during the period. Signaturefd LLC’s holdings in American Airlines Group were worth $113,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its holdings in shares of American Airlines Group by 0.4% during the second quarter. Public Employees Retirement System of Ohio now owns 204,485 shares of the airline’s stock worth $2,294,000 after acquiring an additional 848 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of American Airlines Group by 11.3% in the first quarter. Geneos Wealth Management Inc. now owns 9,558 shares of the airline’s stock valued at $101,000 after purchasing an additional 969 shares in the last quarter. Vident Advisory LLC boosted its position in shares of American Airlines Group by 3.2% during the first quarter. Vident Advisory LLC now owns 32,418 shares of the airline’s stock worth $342,000 after buying an additional 1,007 shares during the period. Vermillion & White Wealth Management Group LLC grew its holdings in shares of American Airlines Group by 58.0% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 2,839 shares of the airline’s stock worth $30,000 after buying an additional 1,042 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in American Airlines Group by 121.4% in the 1st quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline’s stock valued at $33,000 after acquiring an additional 1,709 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.
American Airlines Group Stock Up 1.3%
American Airlines Group stock opened at $11.58 on Friday. The company’s 50-day moving average price is $12.38 and its two-hundred day moving average price is $11.48. The stock has a market cap of $7.64 billion, a P/E ratio of 14.48, a P/E/G ratio of 2.89 and a beta of 1.36. American Airlines Group Inc. has a twelve month low of $8.50 and a twelve month high of $19.10.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on AAL shares. UBS Group raised their price target on shares of American Airlines Group from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, September 26th. Jefferies Financial Group raised their target price on shares of American Airlines Group from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Airlines Group in a research note on Saturday, September 27th. Raymond James Financial set a $14.00 price objective on shares of American Airlines Group in a research note on Monday, August 25th. Finally, The Goldman Sachs Group raised their price objective on American Airlines Group from $8.00 to $10.00 and gave the company a “sell” rating in a report on Wednesday, August 27th. Two 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 given a Sell rating to the company. According to MarketBeat.com, American Airlines Group has an average rating of “Moderate Buy” and a consensus target price of $16.59.
Get Our Latest Analysis on American Airlines Group
About American Airlines Group
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.
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