Cibc World Market Inc. bought a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund bought 156,205 shares of the airline’s stock, valued at approximately $2,823,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of American Airlines Group in the 2nd quarter worth $1,144,739,000. Renaissance Technologies LLC raised its holdings in shares of American Airlines Group by 569.4% in the first quarter. Renaissance Technologies LLC now owns 9,687,232 shares of the airline’s stock worth $104,041,000 after buying an additional 8,240,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in American Airlines Group during the 2nd quarter worth about $119,628,000. Two Sigma Investments LP lifted its stake in American Airlines Group by 49.1% during the 3rd quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline’s stock valued at $153,660,000 after acquiring an additional 4,500,897 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in American Airlines Group during the second quarter valued at $68,132,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, SVP Angela Owens sold 40,077 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $15.26, for a total transaction of $611,575.02. Following the completion of the sale, the senior vice president owned 178,799 shares of the company’s stock, valued at $2,728,472.74. The trade was a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO David Seymour sold 56,456 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total transaction of $1,016,208.00. Following the completion of the transaction, the chief operating officer directly owned 969,033 shares in the company, valued at $17,442,594. This represents a 5.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 205,044 shares of company stock worth $3,407,451. Company insiders own 0.70% of the company’s stock.
American Airlines Group Price Performance
American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The airline reported $0.15 EPS for the quarter, topping the consensus estimate of $0.03 by $0.12. The company had revenue of $16.73 billion during the quarter, compared to analyst estimates of $16.70 billion. American Airlines Group had a negative net margin of 0.56% and a negative return on equity of 9.11%. The firm’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 EPS. American Airlines Group has set its Q3 2026 guidance at -0.700–0.100 EPS and its FY 2026 guidance at -0.650-0.650 EPS. On average, sell-side analysts expect that American Airlines Group Inc. will post -0.13 earnings per share for the current year.
Key Stories Impacting American Airlines Group
Here are the key news stories impacting American Airlines Group this week:
- Positive Sentiment: American Airlines’ second-quarter results compared favorably with many travel and vacation-provider peers. The company reported adjusted earnings of $0.15 per share, exceeding the $0.03 consensus estimate, while revenue rose 16.3% year over year to $16.74 billion. Q2 Earnings Highs And Lows: American Airlines Vs The Rest Of The Consumer Discretionary Travel and Vacation Providers Stocks
- Neutral Sentiment: Recent industry comparisons highlight American’s earnings performance but do not identify a new company-specific operating catalyst. Its negative net margin and negative return on equity remain concerns despite the quarterly earnings beat. Q2 Earnings Highs and Lows: American Airlines Vs The Rest of the Consumer Discretionary Travel and Vacation Providers Stocks
- Neutral Sentiment: The reported August short-interest data showed zero shares sold short, but the figures included an unexplained “NaN” change and a zero-day short-interest ratio. As a result, the data does not provide a reliable indication of investor positioning.
- Neutral Sentiment: General airline-stock research and an article focused on SkyWest’s valuation offer limited direct information about American Airlines’ near-term earnings outlook or valuation. Best Airline Stocks To Research
- Negative Sentiment: TD Cowen lowered its expectations for American Airlines’ stock price, adding analyst pressure after the company’s mixed profitability outlook. American’s guidance calls for a projected third-quarter loss and a wide full-year earnings range. TD Cowen Has Lowered Expectations for American Airlines Group Stock Price
- Negative Sentiment: United Airlines announced its largest international expansion, adding 10 new destinations for 2027. The move underscores intensifying competition for international passengers and could weigh on American’s growth and pricing prospects. Why United Airlines Stock Is Flying Higher Than Delta and American Today
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on AAL shares. UBS Group decreased their price objective on American Airlines Group from $21.00 to $18.00 and set a “buy” rating for the company in a report on Monday, July 27th. Melius Research lowered American Airlines Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $15.00 to $19.00 in a report on Tuesday, July 7th. Wall Street Zen cut American Airlines Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Morgan Stanley boosted their price target on American Airlines Group from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Susquehanna upped their price objective on American Airlines Group from $16.00 to $25.00 and gave the stock a “positive” rating in a research report on Tuesday, July 7th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.86.
Get Our Latest Research Report on AAL
American Airlines Group Company Profile
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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