Jupiter Asset Management Ltd. cut its holdings in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 76.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,660 shares of the airline’s stock after selling 205,654 shares during the period. Jupiter Asset Management Ltd.’s holdings in American Airlines Group were worth $725,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in American Airlines Group by 169.6% in the 1st 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 period. U S Global Investors Inc. increased its position in shares of American Airlines Group by 7.5% during the second quarter. U S Global Investors Inc. now owns 7,718,224 shares of the airline’s stock valued at $86,598,000 after acquiring an additional 536,978 shares during the last quarter. Hussman Strategic Advisors Inc. raised its stake in shares of American Airlines Group by 100.0% in the 2nd quarter. Hussman Strategic Advisors Inc. now owns 210,000 shares of the airline’s stock valued at $2,356,000 after acquiring an additional 105,000 shares during the period. Strathmore Capital Advisors Inc. purchased a new stake in shares of American Airlines Group in the 2nd quarter valued at approximately $231,000. Finally, Kingstone Capital Partners Texas LLC acquired a new position in shares of American Airlines Group in the 2nd quarter worth approximately $7,452,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.
American Airlines Group Price Performance
AAL opened at $12.76 on Friday. The business has a fifty day moving average price of $12.43 and a 200 day moving average price of $12.00. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.73 and a beta of 1.36.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on AAL shares. Bank of America boosted 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. Cowen reaffirmed a “buy” rating on shares of American Airlines Group in a research note on Monday, October 27th. UBS Group increased their target price on American Airlines Group from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. JPMorgan Chase & Co. raised their target price on American Airlines Group from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Finally, Jefferies Financial Group boosted their price target on shares of American Airlines Group from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.65.
Get Our Latest 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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