111 Capital bought a new position in American Airlines Group Inc. (NASDAQ:AAL – Free Report) during the second quarter, Holdings Channel reports. The firm bought 43,469 shares of the airline’s stock, valued at approximately $488,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its holdings in American Airlines Group by 169.6% during the 1st quarter. Russell Investments Group Ltd. now owns 485,995 shares of the airline’s stock worth $5,128,000 after purchasing an additional 305,740 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of American Airlines Group by 11.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,470 shares of the airline’s stock valued at $897,000 after purchasing an additional 5,152 shares in the last quarter. Janney Montgomery Scott LLC boosted its position 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 valued at $339,000 after buying an additional 16,041 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in American Airlines Group during the first quarter worth $870,000. Finally, Strathmore Capital Advisors Inc. purchased a new stake in American Airlines Group in the 2nd quarter valued at $231,000. Institutional investors and hedge funds own 52.44% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have issued reports on AAL. JPMorgan Chase & Co. lifted their price objective on shares of American Airlines Group from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Bank of America boosted their price target on shares of American Airlines Group from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. The Goldman Sachs Group increased their price objective on shares of American Airlines Group from $8.00 to $10.00 and gave the company a “sell” rating in a research note on Wednesday, August 27th. Raymond James Financial set a $14.00 target price on American Airlines Group in a research note on Monday, August 25th. Finally, UBS Group upped their target price on American Airlines Group from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.59.
American Airlines Group Stock Up 1.3%
Shares of AAL stock opened at $11.58 on Monday. The firm has a market cap of $7.64 billion, a P/E ratio of 14.48, a PEG ratio of 2.89 and a beta of 1.36. The company has a 50 day moving average of $12.38 and a 200-day moving average of $11.48. 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 announced its quarterly earnings data on Thursday, July 24th. The airline reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.16. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%.The business had revenue of $14.39 billion during the quarter, compared to analyst estimates of $14.27 billion. During the same period in the prior year, the company earned $1.09 earnings per share. American Airlines Group’s revenue was up .4% compared to the same quarter last year. American Airlines Group has set its Q3 2025 guidance at -0.600–0.100 EPS. As a group, equities analysts expect 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.
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