Bryce Point Capital LLC purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,613 shares of the airline’s stock, valued at approximately $153,000.
Several other hedge funds have also recently added to or reduced their stakes in AAL. Hussman Strategic Advisors Inc. increased its position in shares of American Airlines Group by 100.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 210,000 shares of the airline’s stock valued at $2,356,000 after purchasing an additional 105,000 shares during the last quarter. State of Michigan Retirement System boosted its stake in American Airlines Group by 0.8% in the second quarter. State of Michigan Retirement System now owns 158,600 shares of the airline’s stock worth $1,779,000 after buying an additional 1,200 shares in the last quarter. Mission Wealth Management LP bought a new position in American Airlines Group during the second quarter valued at approximately $127,000. Jessup Wealth Management Inc purchased a new position in shares of American Airlines Group during the second quarter worth approximately $5,021,000. Finally, Retirement Systems of Alabama raised its stake in shares of American Airlines Group by 0.7% during the second quarter. Retirement Systems of Alabama now owns 806,073 shares of the airline’s stock worth $9,044,000 after acquiring an additional 5,737 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.
American Airlines Group Price Performance
NASDAQ AAL opened at $12.65 on Wednesday. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10. The stock has a market capitalization of $8.35 billion, a PE ratio of 14.71, a PEG ratio of 1.73 and a beta of 1.36. The business’s 50-day moving average is $12.43 and its 200 day moving average is $11.82.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on AAL shares. Raymond James Financial set a $14.00 target price on shares of American Airlines Group in a report on Monday, August 25th. Bank of America raised their price objective 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. Barclays lifted their price objective on American Airlines Group from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. The Goldman Sachs Group increased their target price on American Airlines Group from $8.00 to $10.00 and gave the company a “sell” rating in a report on Wednesday, August 27th. Finally, Cowen restated a “buy” rating on shares of American Airlines Group in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.65.
Read Our Latest Analysis on AAL
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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