Van ECK Associates Corp lessened its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 23.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,279 shares of the airline’s stock after selling 7,314 shares during the quarter. Van ECK Associates Corp’s holdings in American Airlines Group were worth $358,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of AAL. Vanguard Group Inc. boosted its holdings in American Airlines Group by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 69,272,683 shares of the airline’s stock valued at $1,264,227,000 after purchasing an additional 1,126,106 shares during the period. U S Global Investors Inc. increased its stake in American Airlines Group by 0.9% in the 4th quarter. U S Global Investors Inc. now owns 16,743,035 shares of the airline’s stock worth $212,971,000 after acquiring an additional 152,873 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of American Airlines Group by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 13,865,918 shares of the airline’s stock valued at $176,203,000 after acquiring an additional 469,371 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of American Airlines Group by 21.0% in the 4th quarter. Two Sigma Advisers LP now owns 10,655,200 shares of the airline’s stock worth $135,534,000 after acquiring an additional 1,852,000 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of American Airlines Group by 23.6% during the first quarter. Invesco Ltd. now owns 7,247,250 shares of the airline’s stock valued at $132,261,000 after purchasing an additional 1,382,569 shares in the last quarter. Institutional investors own 57.06% of the company’s stock.
Analyst Ratings Changes
Several research firms have commented on AAL. Jefferies Financial Group boosted their target price on American Airlines Group from $15.00 to $20.00 in a report on Tuesday, July 11th. Redburn Partners lowered shares of American Airlines Group from a “buy” rating to a “neutral” rating in a research report on Monday. Susquehanna decreased their price target on shares of American Airlines Group from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. The Goldman Sachs Group boosted their price objective on shares of American Airlines Group from $14.00 to $15.00 in a research report on Wednesday, May 31st. Finally, Bank of America lifted their target price on American Airlines Group from $9.50 to $11.00 and gave the company an “underperform” rating in a research report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.96.
Insider Transactions at American Airlines Group
In related news, Director Douglas M. Steenland sold 2,000 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $13.88, for a total transaction of $27,760.00. Following the sale, the director now owns 31,686 shares in the company, valued at approximately $439,801.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Douglas M. Steenland sold 2,000 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $13.88, for a total value of $27,760.00. Following the sale, the director now directly owns 31,686 shares of the company’s stock, valued at approximately $439,801.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas M. Steenland sold 1,950 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $14.10, for a total value of $27,495.00. Following the transaction, the director now owns 29,736 shares of the company’s stock, valued at approximately $419,277.60. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.
American Airlines Group Price Performance
NASDAQ:AAL opened at $15.99 on Tuesday. The company has a market cap of $10.45 billion, a price-to-earnings ratio of 4.25 and a beta of 1.55. American Airlines Group Inc. has a 1 year low of $11.65 and a 1 year high of $19.08. The stock’s 50 day simple moving average is $16.75 and its two-hundred day simple moving average is $15.55.
American Airlines Group (NASDAQ:AAL – Get Free Report) last released its quarterly earnings data on Thursday, July 20th. The airline reported $1.92 EPS for the quarter, beating the consensus estimate of $1.59 by $0.33. American Airlines Group had a net margin of 4.98% and a negative return on equity of 45.44%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.74 billion. During the same quarter last year, the business earned $0.76 earnings per share. American Airlines Group’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that American Airlines Group Inc. will post 3.37 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.
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