Vontobel Holding Ltd. cut its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 25.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,967 shares of the airline’s stock after selling 31,884 shares during the period. Vontobel Holding Ltd.’s holdings in American Airlines Group were worth $1,066,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in shares of American Airlines Group by 169.6% during the first quarter. Russell Investments Group Ltd. now owns 485,995 shares of the airline’s stock valued at $5,128,000 after buying an additional 305,740 shares during 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. Strathmore Capital Advisors Inc. purchased a new stake in shares of American Airlines Group during the second quarter valued at $231,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of American Airlines Group during the first quarter valued at $870,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of American Airlines Group by 14.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,027 shares of the airline’s stock valued at $623,000 after buying an additional 7,557 shares during the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group Trading Down 0.9%
American Airlines Group stock opened at $11.52 on Monday. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.10. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 3.72 and a beta of 1.36. The firm has a 50 day moving average of $12.41 and a 200 day moving average of $11.49.
Wall Street Analysts Forecast Growth
AAL has been the topic of several research reports. Raymond James Financial set a $14.00 target price on American Airlines Group in a research report on Monday, August 25th. Susquehanna raised their target price on American Airlines Group from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. The Goldman Sachs Group raised their target price on American Airlines Group from $8.00 to $10.00 and gave the stock a “sell” rating in a research report on Wednesday, August 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of American Airlines Group in a research report on Wednesday, October 8th. Finally, Bank of America raised their target price on American Airlines Group from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, American Airlines Group has a consensus rating of “Moderate Buy” and a consensus price target of $16.59.
View Our Latest Research Report on American Airlines Group
About American Airlines Group
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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