Thomist Capital Management LP acquired a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 195,020 shares of the airline’s stock, valued at approximately $3,524,000. American Airlines Group comprises about 1.1% of Thomist Capital Management LP’s investment portfolio, making the stock its 24th biggest position.
A number of other institutional investors and hedge funds have also bought and sold shares of AAL. EverSource Wealth Advisors LLC grew its holdings in shares of American Airlines Group by 21.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,276 shares of the airline’s stock valued at $66,000 after buying an additional 766 shares during the last quarter. NewEdge Advisors LLC raised its holdings in American Airlines Group by 6.6% in the 2nd quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline’s stock worth $149,000 after acquiring an additional 823 shares during the last quarter. HB Wealth Management LLC lifted its position in American Airlines Group by 4.5% in the 1st quarter. HB Wealth Management LLC now owns 20,205 shares of the airline’s stock valued at $217,000 after acquiring an additional 871 shares in the last quarter. Root Financial Partners LLC lifted its position in American Airlines Group by 33.1% in the 1st quarter. Root Financial Partners LLC now owns 3,816 shares of the airline’s stock valued at $41,000 after acquiring an additional 949 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in American Airlines Group by 4.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 20,631 shares of the airline’s stock valued at $222,000 after purchasing an additional 966 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors.
American Airlines Group Price Performance
AAL stock opened at $13.63 on Tuesday. The company has a market cap of $9.02 billion, a P/E ratio of -27.82 and a beta of 1.34. American Airlines Group Inc. has a 1 year low of $10.09 and a 1 year high of $18.79. The stock’s fifty day moving average price is $15.81 and its 200-day moving average price is $13.71.
Insider Transactions at American Airlines Group
In other news, SVP Angela Owens sold 40,077 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $15.26, for a total transaction of $611,575.02. Following the completion of the sale, the senior vice president owned 178,799 shares of the company’s stock, valued at $2,728,472.74. This represents a 18.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $1,016,208.00. Following the sale, the chief operating officer directly owned 969,033 shares of the company’s stock, valued at $17,442,594. The trade was a 5.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 205,044 shares of company stock valued at $3,407,451. Corporate insiders own 0.70% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on AAL. JPMorgan Chase & Co. boosted their price target on American Airlines Group from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Wall Street Zen cut American Airlines Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Sanford C. Bernstein lifted their price objective on American Airlines Group from $20.00 to $23.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 1st. Bank of America boosted their target price on American Airlines Group from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of American Airlines Group from $13.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.86.
Check Out Our Latest Report on AAL
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.
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