Sterling Capital Management LLC Lowers Stock Position in American Airlines Group Inc. $AAL

Sterling Capital Management LLC cut its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 88.8% in the first quarter, HoldingsChannel reports. The fund owned 20,795 shares of the airline’s stock after selling 165,079 shares during the period. Sterling Capital Management LLC’s holdings in American Airlines Group were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in American Airlines Group by 1.3% during the 2nd quarter. Invesco Ltd. now owns 2,978,006 shares of the airline’s stock worth $33,413,000 after acquiring an additional 36,877 shares during the period. Brown Advisory Inc. increased its stake in shares of American Airlines Group by 42.6% in the second quarter. Brown Advisory Inc. now owns 45,358 shares of the airline’s stock worth $509,000 after purchasing an additional 13,539 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of 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 purchasing an additional 55,059 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of American Airlines Group by 6.6% during the 2nd quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline’s stock valued at $149,000 after purchasing an additional 823 shares during the period. Finally, Sei Investments Co. raised its position in shares of American Airlines Group by 34.4% during the 2nd quarter. Sei Investments Co. now owns 1,315,532 shares of the airline’s stock valued at $14,760,000 after purchasing an additional 336,993 shares during the period. 52.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Airlines Group

In other news, COO David Seymour sold 69,343 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $17.00, for a total transaction of $1,178,831.00. Following the completion of the transaction, the chief operating officer owned 1,025,489 shares in the company, valued at $17,433,313. This trade represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Bank of America lifted their target price on shares of American Airlines Group from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Weiss Ratings raised American Airlines Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Morgan Stanley boosted their price objective on American Airlines Group from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. UBS Group upped their price objective on American Airlines Group from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, BMO Capital Markets increased their target price on American Airlines Group from $13.50 to $19.50 and gave the stock a “market perform” rating in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.89.

American Airlines Group Stock Performance

AAL stock opened at $17.92 on Monday. The company’s fifty day moving average price is $14.32 and its 200-day moving average price is $13.67. American Airlines Group Inc. has a one year low of $10.09 and a one year high of $18.79. The company has a market capitalization of $11.85 billion, a PE ratio of 57.81 and a beta of 1.32.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, April 23rd. The airline reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.05. The company had revenue of $13.91 billion during the quarter, compared to analysts’ expectations of $16.13 billion. American Airlines Group had a net margin of 0.36% and a negative return on equity of 9.11%. American Airlines Group’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted ($0.59) earnings per share. American Airlines Group has set its FY 2026 guidance at -0.400-1.100 EPS and its Q2 2026 guidance at -0.200-0.200 EPS. On average, research analysts predict that American Airlines Group Inc. will post 0.25 EPS for the current fiscal year.

American Airlines Group Company 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.