Y Intercept Hong Kong Ltd lowered its position in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 83.2% in the 2nd quarter, Holdings Channel reports. The firm owned 36,384 shares of the airline’s stock after selling 179,809 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in American Airlines Group were worth $408,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. boosted its holdings in American Airlines Group by 180.9% during the 2nd quarter. Bessemer Group Inc. now owns 37,287 shares of the airline’s stock valued at $418,000 after acquiring an additional 24,012 shares during the period. Wealthfront Advisers LLC lifted its position in shares of American Airlines Group by 10.6% during the second quarter. Wealthfront Advisers LLC now owns 26,291 shares of the airline’s stock worth $295,000 after purchasing an additional 2,518 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of American Airlines Group by 30.8% during the second quarter. State of New Jersey Common Pension Fund D now owns 165,214 shares of the airline’s stock worth $1,854,000 after purchasing an additional 38,858 shares during the last quarter. R Squared Ltd purchased a new stake in shares of American Airlines Group during the second quarter valued at $150,000. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of American Airlines Group by 112.5% in the second quarter. First Citizens Bank & Trust Co. now owns 36,924 shares of the airline’s stock worth $414,000 after purchasing an additional 19,551 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on AAL shares. UBS Group lifted their price objective on shares of American Airlines Group from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, October 24th. The Goldman Sachs Group raised their target price on shares of American Airlines Group from $8.00 to $10.00 and gave the stock a “sell” rating in a research report on Wednesday, August 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of American Airlines Group in a research note on Wednesday, October 8th. Raymond James Financial set a $14.00 price objective on American Airlines Group in a research note on Monday, August 25th. Finally, Evercore ISI raised their price objective on American Airlines Group from $13.00 to $14.00 and gave the stock an “in-line” rating in a report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.65.
American Airlines Group Trading Up 3.8%
AAL opened at $13.65 on Friday. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.73 and a beta of 1.36. The stock has a fifty day moving average price of $12.44 and a 200-day moving average price of $11.87. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10.
American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The airline reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.10. The firm had revenue of $13.69 billion for the quarter, compared to the consensus estimate of $13.65 billion. American Airlines Group had a net margin of 1.11% and a negative return on equity of 18.14%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. American Airlines Group has set its Q4 2025 guidance at 0.450-0.750 EPS. FY 2025 guidance at 0.650-0.950 EPS. On average, equities research analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.
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.
See Also
- Five stocks we like better than American Airlines Group
- Health Care Stocks Explained: Why You Might Want to Invest
- MarketBeat Week in Review – 11/03 – 11/07
- Comparing and Trading High PE Ratio Stocks
- OpenAI’s Restructuring Sets up What Could Be the Biggest IPO Ever
- What is Insider Trading? What You Can Learn from Insider Trading
- 2 Rare Earth Stocks the U.S. Government Doesn’t Want to Fail
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.
