111 Capital acquired a new position in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 43,469 shares of the airline’s stock, valued at approximately $488,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in AAL. Russell Investments Group Ltd. raised its position in American Airlines Group by 169.6% during the first quarter. Russell Investments Group Ltd. now owns 485,995 shares of the airline’s stock valued at $5,128,000 after purchasing an additional 305,740 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of American Airlines Group by 11.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 51,470 shares of the airline’s stock valued at $897,000 after purchasing an additional 5,152 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of American Airlines Group by 99.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 32,160 shares of the airline’s stock worth $339,000 after buying an additional 16,041 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of American Airlines Group during the 1st quarter worth $870,000. Finally, Strathmore Capital Advisors Inc. acquired a new stake in American Airlines Group in the second quarter valued at about $231,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.
American Airlines Group Trading Up 1.3%
NASDAQ:AAL opened at $11.58 on Monday. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 2.89 and a beta of 1.36. The firm has a fifty day simple moving average of $12.38 and a two-hundred day simple moving average of $11.48.
Analyst Ratings Changes
Several brokerages have commented on AAL. Raymond James Financial set a $14.00 target price on American Airlines Group in a research note on Monday, August 25th. Jefferies Financial Group upped their price objective on shares of American Airlines Group from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Wednesday. The Goldman Sachs Group raised their target price on shares of American Airlines Group from $8.00 to $10.00 and gave the company a “sell” rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. upped their price target on shares of American Airlines Group from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Finally, UBS Group increased their price target on American Airlines Group from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.59.
View Our Latest Analysis on American Airlines Group
American Airlines Group Company 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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