Rhumbline Advisers lessened its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,659,491 shares of the airline’s stock after selling 37,221 shares during the period. Rhumbline Advisers owned 0.25% of American Airlines Group worth $18,653,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System grew its stake in American Airlines Group by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 48,781 shares of the airline’s stock valued at $548,000 after buying an additional 811 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in American Airlines Group by 6.6% during the second quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline’s stock valued at $149,000 after acquiring an additional 823 shares during the period. Teacher Retirement System of Texas grew its position in shares of American Airlines Group by 3.9% in the second quarter. Teacher Retirement System of Texas now owns 24,965 shares of the airline’s stock valued at $280,000 after purchasing an additional 948 shares during the last quarter. Bogart Wealth LLC increased its stake in shares of American Airlines Group by 35.1% in the third quarter. Bogart Wealth LLC now owns 3,855 shares of the airline’s stock worth $43,000 after purchasing an additional 1,002 shares during the period. Finally, Ballentine Partners LLC increased its stake in shares of American Airlines Group by 5.7% in the third quarter. Ballentine Partners LLC now owns 18,674 shares of the airline’s stock worth $210,000 after purchasing an additional 1,003 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.
American Airlines Group Price Performance
Shares of American Airlines Group stock opened at $14.40 on Wednesday. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $16.50. The firm has a market capitalization of $9.51 billion, a PE ratio of 84.71, a price-to-earnings-growth ratio of 0.52 and a beta of 1.25. The company’s fifty day moving average price is $15.01 and its two-hundred day moving average price is $13.55.
Wall Street Analyst Weigh In
Several analysts recently weighed in on AAL shares. TD Cowen decreased their target price on American Airlines Group from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, January 30th. JPMorgan Chase & Co. increased their price objective on American Airlines Group from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Barclays boosted their target price on shares of American Airlines Group from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, January 12th. Argus raised shares of American Airlines Group to a “hold” rating in a report on Wednesday, January 28th. Finally, Susquehanna upgraded shares of American Airlines Group from a “neutral” rating to a “positive” rating and raised their price target for the stock from $14.00 to $20.00 in a research report on Friday, January 9th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.19.
View 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.
Featured Articles
- Five stocks we like better than American Airlines Group
- Energy Security Is Now National Security – Positioning Is Happening Now
- The gold chart Wall Street is terrified of…
- The “Bomb” in America’s Basement
- Unlocked: Elon Musk’s Next Big IPO
- How to collect $1,170 a month from silver
Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc. (NASDAQ:AAL – Free Report).
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.
