Headlands Technologies LLC grew its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 102.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,769 shares of the airline’s stock after purchasing an additional 74,646 shares during the period. Headlands Technologies LLC’s holdings in American Airlines Group were worth $2,670,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. Invesco Ltd. raised its holdings in shares of 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. boosted its holdings in American Airlines Group by 42.6% during the second quarter. Brown Advisory Inc. now owns 45,358 shares of the airline’s stock worth $509,000 after buying an additional 13,539 shares in the last quarter. California Public Employees Retirement System grew its position in 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 worth $13,065,000 after buying an additional 55,059 shares during 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 buying an additional 823 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of American Airlines Group by 34.4% in the second quarter. Sei Investments Co. now owns 1,315,532 shares of the airline’s stock valued at $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.
American Airlines Group Stock Performance
Shares of NASDAQ AAL opened at $13.64 on Monday. American Airlines Group Inc. has a one year low of $10.09 and a one year high of $18.79. The business has a 50-day moving average price of $15.65 and a two-hundred day moving average price of $13.69. The firm has a market capitalization of $9.03 billion, a PE ratio of -27.84 and a beta of 1.34.
Insider Buying and Selling
In other news, COO David Seymour sold 56,456 shares of the business’s stock in a transaction on 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 transaction, the chief operating officer directly owned 969,033 shares in the company, valued at $17,442,594. The trade was a 5.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Angela Owens sold 40,077 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $15.26, for a total transaction of $611,575.02. Following the completion of the transaction, the senior vice president directly owned 178,799 shares in the company, valued at $2,728,472.74. This trade represents a 18.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 205,044 shares of company stock valued at $3,407,451. Insiders own 0.70% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on AAL. UBS Group reduced their price objective on American Airlines Group from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Susquehanna increased their price target on American Airlines Group from $16.00 to $25.00 and gave the company a “positive” rating in a research report on Tuesday, July 7th. BMO Capital Markets cut their price objective on American Airlines Group from $19.50 to $19.00 and set a “market perform” rating on the stock in a report on Friday, July 24th. Melius Research lowered shares of American Airlines Group from a “buy” rating to a “hold” rating and upped their price objective for the company from $15.00 to $19.00 in a research note on Tuesday, July 7th. Finally, Weiss Ratings cut shares of American Airlines Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.86.
View Our Latest Stock Report on American Airlines Group
American Airlines Group 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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