Federated Hermes Inc. increased its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 47.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,213,929 shares of the airline’s stock after purchasing an additional 714,591 shares during the period. Federated Hermes Inc. owned 0.34% of American Airlines Group worth $24,840,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC increased its position in 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. Laurel Wealth Advisors LLC increased its position in American Airlines Group by 1,022.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,466 shares of the airline’s stock worth $50,000 after purchasing an additional 4,068 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in American Airlines Group during the 2nd quarter worth about $65,000. Geneos Wealth Management Inc. raised its stake in American Airlines Group by 11.3% in the 1st 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 during the last quarter. Finally, Greenleaf Trust purchased a new position in American Airlines Group in the 2nd quarter valued at about $118,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.
American Airlines Group Trading Up 1.1%
AAL stock opened at $15.03 on Wednesday. The company has a market cap of $9.92 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.17 and a beta of 1.26. The stock has a 50-day moving average price of $12.90 and a two-hundred day moving average price of $12.32. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.10.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on AAL. UBS Group lifted their price target on shares of American Airlines Group from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. The Goldman Sachs Group raised their target price on shares of American Airlines Group from $8.00 to $10.00 and gave the stock a “sell” rating in a research report on Wednesday, August 27th. Susquehanna boosted their price target on American Airlines Group from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Evercore ISI raised their price objective on American Airlines Group from $13.00 to $14.00 and gave the stock an “in-line” rating in a report on Monday, September 29th. Finally, JPMorgan Chase & Co. upped their target price on American Airlines Group from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.40.
View Our Latest Stock Report on American Airlines Group
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.
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