Cwm LLC lowered its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 34.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,844 shares of the airline’s stock after selling 10,229 shares during the quarter. Cwm LLC’s holdings in American Airlines Group were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Personalized Indexing Management LLC raised its holdings in shares of American Airlines Group by 20.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 113,125 shares of the airline’s stock valued at $1,269,000 after purchasing an additional 19,278 shares in the last quarter. U S Global Investors Inc. raised its holdings in shares of American Airlines Group by 7.5% during the 2nd quarter. U S Global Investors Inc. now owns 7,718,224 shares of the airline’s stock valued at $86,598,000 after purchasing an additional 536,978 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new position in shares of American Airlines Group during the 2nd quarter valued at $433,000. McElhenny Sheffield Capital Management LLC bought a new position in shares of American Airlines Group during the 2nd quarter valued at $212,000. Finally, Louisiana State Employees Retirement System raised its holdings in shares of American Airlines Group by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 185,500 shares of the airline’s stock valued at $2,081,000 after purchasing an additional 1,300 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.
American Airlines Group Price Performance
NASDAQ AAL opened at $12.71 on Wednesday. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 1.83 and a beta of 1.36. The company’s fifty day moving average is $12.44 and its two-hundred day moving average is $11.69. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on AAL shares. Barclays raised their price target on shares of American Airlines Group from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Airlines Group in a report on Wednesday, October 8th. UBS Group lifted their target price on shares of American Airlines Group from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday. Jefferies Financial Group lifted their target price on shares of American Airlines Group from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Wednesday, October 1st. Finally, Cowen reiterated a “buy” rating on shares of American Airlines Group in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.65.
Read Our Latest Research Report 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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