International Assets Investment Management LLC boosted its stake in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 9.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,443 shares of the airline’s stock after acquiring an additional 1,773 shares during the period. International Assets Investment Management LLC’s holdings in American Airlines Group were worth $229,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bogart Wealth LLC lifted its position in American Airlines Group by 1,300.0% in the first quarter. Bogart Wealth LLC now owns 2,800 shares of the airline’s stock valued at $30,000 after acquiring an additional 2,600 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of American Airlines Group in the first quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of American Airlines Group by 58.0% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 2,839 shares of the airline’s stock valued at $30,000 after buying an additional 1,042 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of American Airlines Group by 121.4% in the first quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline’s stock valued at $33,000 after buying an additional 1,709 shares during the last quarter. Finally, Nvwm LLC raised its holdings in shares of American Airlines Group by 30,000.0% in the first quarter. Nvwm LLC now owns 4,515 shares of the airline’s stock valued at $48,000 after buying an additional 4,500 shares during the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group Stock Up 5.6%
Shares of American Airlines Group stock opened at $12.77 on Friday. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10. The company’s 50-day simple moving average is $12.43 and its 200-day simple moving average is $11.59. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 3.91 and a beta of 1.36.
Analyst Ratings Changes
A number of brokerages have recently commented on AAL. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of American Airlines Group in a report on Wednesday, October 8th. UBS Group upped their target price on shares of American Airlines Group from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, September 26th. Bank of America upped their target price on shares of American Airlines Group from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Barclays upped their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of American Airlines Group from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.59.
American Airlines Group Company 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.
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