Norges Bank Acquires Shares of 1,348,714 American Airlines Group Inc. $AAL

Norges Bank bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,348,714 shares of the airline’s stock, valued at approximately $15,133,000. Norges Bank owned approximately 0.20% of American Airlines Group at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Nearwater Capital Markets Ltd bought a new position in American Airlines Group in the 1st quarter worth approximately $29,012,000. Nuveen LLC acquired a new stake in shares of American Airlines Group in the 1st quarter valued at $15,677,000. Woodline Partners LP bought a new stake in shares of American Airlines Group during the first quarter worth $8,227,000. Hsbc Holdings PLC lifted its stake in shares of American Airlines Group by 192.8% during the first quarter. Hsbc Holdings PLC now owns 1,123,296 shares of the airline’s stock valued at $11,781,000 after acquiring an additional 739,676 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of American Airlines Group by 148.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,205,123 shares of the airline’s stock valued at $12,714,000 after acquiring an additional 720,024 shares during the period. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Performance

NASDAQ AAL opened at $14.86 on Tuesday. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10. The business has a 50 day simple moving average of $12.83 and a 200 day simple moving average of $12.29. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 2.16 and a beta of 1.26.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 23rd. The airline reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.10. American Airlines Group had a net margin of 1.11% and a negative return on equity of 18.14%. The firm had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.65 billion. During the same period in the prior year, the business earned $0.30 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. American Airlines Group has set its Q4 2025 guidance at 0.450-0.750 EPS and its FY 2025 guidance at 0.650-0.950 EPS. On average, analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on AAL. JPMorgan Chase & Co. lifted their price objective on American Airlines Group from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. BMO Capital Markets started coverage on shares of American Airlines Group in a research report on Monday. They set a “market perform” rating and a $16.75 price target for the company. Susquehanna increased their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Citigroup assumed coverage on shares of American Airlines Group in a report on Thursday. They set a “buy” rating and a $19.00 target price for the company. Finally, Bank of America 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 Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.40.

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.