American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) COO David Seymour sold 69,343 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $17.00, for a total value of $1,178,831.00. Following the completion of the transaction, the chief operating officer directly owned 1,025,489 shares of the company’s stock, valued at approximately $17,433,313. This trade represents a 6.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
David Seymour also recently made the following trade(s):
- On Thursday, June 25th, David Seymour sold 56,456 shares of American Airlines Group stock. The stock was sold at an average price of $18.00, for a total transaction of $1,016,208.00.
American Airlines Group Stock Up 1.7%
Shares of NASDAQ:AAL traded up $0.30 during trading on Friday, hitting $17.87. 161,278,653 shares of the stock traded hands, compared to its average volume of 75,315,797. The company has a market cap of $11.82 billion, a price-to-earnings ratio of 57.65 and a beta of 1.35. The company has a fifty day moving average price of $13.62 and a two-hundred day moving average price of $13.54. American Airlines Group Inc. has a 52-week low of $10.09 and a 52-week high of $18.04.
More American Airlines Group News
Here are the key news stories impacting American Airlines Group this week:
- Positive Sentiment: Citigroup raised its price target on American Airlines Group from $14 to $22 and reiterated a buy rating, implying meaningful upside from recent trading levels. Citigroup raises American Airlines price target to $22
- Positive Sentiment: The stock was highlighted as part of a group of airline names reaching fresh 52-week highs, reflecting improving momentum and investor optimism around the sector. Stocktwits article on 52-week highs
- Positive Sentiment: A separate note said airline stocks, including American Airlines, are benefiting from lower oil prices, which can reduce jet fuel costs and improve margins for carriers. Why Is American Airlines (AAL) Stock Soaring Today
- Neutral Sentiment: Other recent coverage continued to place American Airlines among the airline stocks worth watching, but without a major new company-specific catalyst. Best Airline Stocks To Research – June 25th
- Neutral Sentiment: One article discussed a bullish chart pattern tied to American Airlines, suggesting technical traders may be supporting the move. United Is About To Join American Airlines In An Exclusive Bullish Club Linked To Elon Musk
- Negative Sentiment: American Airlines also saw a reported rise in short interest during June, which can signal that some traders remain skeptical about the sustainability of the rally. Short interest update for American Airlines
Analyst Upgrades and Downgrades
AAL has been the subject of several research reports. Wells Fargo & Company cut their price objective on American Airlines Group from $17.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, March 16th. Barclays lifted their price objective on American Airlines Group from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday. Bank of America lifted their price target on American Airlines Group from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday. Susquehanna dropped their price objective on shares of American Airlines Group from $17.00 to $16.00 and set a “positive” rating for the company in a report on Friday, April 24th. Finally, Morgan Stanley boosted their target price on shares of American Airlines Group from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, American Airlines Group presently has an average rating of “Hold” and a consensus target price of $16.47.
Institutional Trading of American Airlines Group
Several institutional investors have recently added to or reduced their stakes in AAL. West Branch Capital LLC purchased a new stake in American Airlines Group in the fourth quarter valued at approximately $31,000. MassMutual Private Wealth & Trust FSB boosted its holdings in American Airlines Group by 102.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,353 shares of the airline’s stock valued at $36,000 after acquiring an additional 1,188 shares during the period. Center for Financial Planning Inc. lifted its position in shares of American Airlines Group by 377.4% during the fourth quarter. Center for Financial Planning Inc. now owns 2,530 shares of the airline’s stock worth $39,000 after purchasing an additional 2,000 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of American Airlines Group by 33.1% in the first quarter. Root Financial Partners LLC now owns 3,816 shares of the airline’s stock valued at $41,000 after purchasing an additional 949 shares during the period. Finally, Clearstead Advisors LLC boosted its stake in shares of American Airlines Group by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 2,968 shares of the airline’s stock valued at $45,000 after purchasing an additional 1,733 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.
American Airlines Group Company Profile
American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world’s largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.
The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.
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