Perfromance Wealth Partners LLC boosted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 48.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 30,115 shares of the airline’s stock after purchasing an additional 9,875 shares during the period. Perfromance Wealth Partners LLC’s holdings in American Airlines Group were worth $338,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Envestnet Portfolio Solutions Inc. purchased a new position in shares of American Airlines Group during the 2nd quarter valued at about $418,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of American Airlines Group by 20.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 113,125 shares of the airline’s stock valued at $1,269,000 after buying an additional 19,278 shares during the last quarter. U S Global Investors Inc. raised its stake in shares of American Airlines Group by 7.5% during the 2nd quarter. U S Global Investors Inc. now owns 7,718,224 shares of the airline’s stock valued at $86,598,000 after buying an additional 536,978 shares during the last quarter. Drucker Wealth 3.0 LLC purchased a new position in shares of American Airlines Group during the 2nd quarter valued at about $433,000. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in shares of American Airlines Group during the 2nd quarter valued at about $212,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.
American Airlines Group Stock Up 1.9%
NASDAQ:AAL opened at $11.74 on Tuesday. American Airlines Group Inc. has a 52 week low of $8.50 and a 52 week high of $19.10. The stock has a market capitalization of $7.75 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 3.72 and a beta of 1.36. The stock’s 50-day moving average price is $12.42 and its 200-day moving average price is $11.49.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Barclays lifted their price objective on American Airlines Group from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Raymond James Financial set a $14.00 price objective on American Airlines Group in a research note on Monday, August 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Airlines Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on American Airlines Group from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Finally, Bank of America raised their target price on American Airlines Group from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Airlines Group currently has an average rating of “Moderate Buy” and an average price target of $16.59.
View Our Latest Stock Report on AAL
American Airlines Group 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.
Featured Articles
- Five stocks we like better than American Airlines Group
- Best Stocks Under $10.00
- FICO’s Big Dip Could Be the Best Buying Chance of the Year
- 5 discounted opportunities for dividend growth investors
- D-Wave: Reevaluating the Short Seller’s Case After the Downgrade
- Ride Out The Recession With These Dividend Kings
- Datavault: A Speculative AI Play, But Beware of Volatility
Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc. (NASDAQ:AAL – Free Report).
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.