U S Global Investors Inc. lifted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 7.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,718,224 shares of the airline’s stock after buying an additional 536,978 shares during the period. American Airlines Group makes up approximately 10.2% of U S Global Investors Inc.’s investment portfolio, making the stock its 3rd biggest holding. U S Global Investors Inc. owned 1.17% of American Airlines Group worth $86,598,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in AAL. GAMMA Investing LLC lifted its stake in shares of American Airlines Group by 1,184.6% during the first quarter. GAMMA Investing LLC now owns 133,985 shares of the airline’s stock worth $1,414,000 after buying an additional 123,555 shares during the period. Merit Financial Group LLC acquired a new stake in shares of American Airlines Group during the first quarter worth $226,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of American Airlines Group by 14.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,027 shares of the airline’s stock worth $623,000 after buying an additional 7,557 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of American Airlines Group by 99.5% during the first 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 during the period. Finally, Inscription Capital LLC acquired a new stake in shares of American Airlines Group during the first quarter worth $177,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.
American Airlines Group Stock Performance
AAL opened at $11.52 on Friday. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The company has a fifty day moving average of $12.41 and a two-hundred day moving average of $11.48. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 3.76 and a beta of 1.36.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on AAL shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Airlines Group in a research note on Wednesday. The Goldman Sachs Group boosted 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. UBS Group boosted their target price on shares of American Airlines Group from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, September 26th. Jefferies Financial Group boosted their target price on shares of American Airlines Group from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Finally, Evercore ISI boosted their target price on shares of American Airlines Group from $13.00 to $14.00 and gave the company an “in-line” rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.59.
Get Our Latest 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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