Saba Capital Management L.P. Takes Position in American Airlines Group Inc. $AAL

Saba Capital Management L.P. purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) during the first quarter, Holdings Channel reports. The firm purchased 74,779 shares of the airline’s stock, valued at approximately $803,000.

A number of other hedge funds also recently bought and sold shares of the business. Invesco Ltd. lifted its stake in American Airlines Group by 1.3% in the 2nd quarter. Invesco Ltd. now owns 2,978,006 shares of the airline’s stock worth $33,413,000 after purchasing an additional 36,877 shares in the last quarter. Brown Advisory Inc. grew its position in shares of American Airlines Group by 42.6% in the second quarter. Brown Advisory Inc. now owns 45,358 shares of the airline’s stock valued at $509,000 after purchasing an additional 13,539 shares in the last quarter. California Public Employees Retirement System grew its position in shares of American Airlines Group by 5.0% in the second quarter. California Public Employees Retirement System now owns 1,164,443 shares of the airline’s stock valued at $13,065,000 after purchasing an additional 55,059 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of American Airlines Group by 6.6% in the second quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline’s stock valued at $149,000 after purchasing an additional 823 shares during the last quarter. Finally, Sei Investments Co. lifted its position in American Airlines Group by 34.4% during the second quarter. Sei Investments Co. now owns 1,315,532 shares of the airline’s stock worth $14,760,000 after buying an additional 336,993 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on AAL shares. TD Cowen raised their target price on American Airlines Group from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Barclays upped their price objective on shares of American Airlines Group from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Morgan Stanley raised their price objective on shares of American Airlines Group from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Sanford C. Bernstein lifted their target price on shares of American Airlines Group from $20.00 to $23.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 1st. Finally, Susquehanna boosted their target price on shares of American Airlines Group from $16.00 to $25.00 and gave the company a “positive” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and a consensus price target of $19.03.

Insider Transactions at American Airlines Group

In other American Airlines Group news, COO David Seymour sold 56,456 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $1,016,208.00. Following the transaction, the chief operating officer owned 969,033 shares of the company’s stock, valued at $17,442,594. This represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.70% of the company’s stock.

American Airlines Group Stock Up 2.7%

NASDAQ:AAL opened at $15.36 on Wednesday. American Airlines Group Inc. has a 52 week low of $10.09 and a 52 week high of $18.79. The company has a market capitalization of $10.17 billion, a P/E ratio of -31.35 and a beta of 1.32. The stock’s fifty day moving average is $15.47 and its two-hundred day moving average is $13.68.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, July 23rd. The airline reported $0.15 EPS for the quarter, beating the consensus estimate of $0.03 by $0.12. The business had revenue of $16.73 billion for the quarter, compared to analyst estimates of $16.70 billion. American Airlines Group had a negative return on equity of 9.11% and a negative net margin of 0.56%.The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 EPS. American Airlines Group has set its Q3 2026 guidance at -0.700–0.100 EPS and its FY 2026 guidance at -0.650-0.650 EPS. Sell-side analysts anticipate that American Airlines Group Inc. will post 0.02 earnings per share for the current fiscal year.

About American Airlines Group

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.