Commonwealth Equity Services LLC lifted its position in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 51.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 868,776 shares of the airline’s stock after acquiring an additional 295,298 shares during the period. Commonwealth Equity Services LLC owned 0.13% of American Airlines Group worth $9,765,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of AAL. NewEdge Advisors LLC grew its position in American Airlines Group by 6.6% in the 2nd quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline’s stock worth $149,000 after purchasing an additional 823 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position 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 buying an additional 848 shares during the period. Teacher Retirement System of Texas grew its holdings in American Airlines Group by 3.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 24,965 shares of the airline’s stock worth $280,000 after buying an additional 948 shares in the last quarter. Geneos Wealth Management Inc. increased its position 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 acquiring an additional 969 shares during the period. Finally, GAMMA Investing LLC raised its stake in American Airlines Group by 4.2% during the 3rd quarter. GAMMA Investing LLC now owns 24,825 shares of the airline’s stock valued at $279,000 after acquiring an additional 1,006 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.
American Airlines Group Price Performance
AAL stock opened at $16.00 on Tuesday. The firm has a market cap of $10.56 billion, a PE ratio of 18.60, a P/E/G ratio of 0.56 and a beta of 1.23. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The firm has a 50 day simple moving average of $14.49 and a 200 day simple moving average of $13.06.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. TD Cowen increased their price target on American Airlines Group from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Barclays increased their target price on shares of American Airlines Group from $12.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday. Wells Fargo & Company initiated coverage on shares of American Airlines Group in a research note on Thursday, December 18th. They set an “equal weight” rating and a $17.00 target price on the stock. Cowen reaffirmed a “buy” rating on shares of American Airlines Group in a research note on Wednesday, January 7th. Finally, Bank of America raised their price objective on shares of American Airlines Group from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.61.
Read Our Latest Report on American Airlines Group
About American Airlines Group
American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world’s largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.
The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.
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