Centaurus Financial Inc. trimmed its position in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 51.3% during the 1st quarter, HoldingsChannel reports. The fund owned 71,856 shares of the airline’s stock after selling 75,794 shares during the quarter. Centaurus Financial Inc.’s holdings in American Airlines Group were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. South Dakota Investment Council bought a new stake in shares of American Airlines Group in the 1st quarter worth approximately $243,000. Amundi acquired a new stake in shares of American Airlines Group during the 1st quarter worth approximately $496,000. California State Teachers Retirement System increased its position in shares of American Airlines Group by 19.0% during the first quarter. California State Teachers Retirement System now owns 216,876 shares of the airline’s stock valued at $2,329,000 after purchasing an additional 34,698 shares during the period. Empowered Funds LLC increased its position in shares of American Airlines Group by 47.4% during the first quarter. Empowered Funds LLC now owns 27,558 shares of the airline’s stock valued at $296,000 after purchasing an additional 8,859 shares during the period. Finally, Saba Capital Management L.P. bought a new stake in shares of American Airlines Group during the first quarter valued at approximately $803,000. Institutional investors and hedge funds own 52.44% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on AAL shares. Wells Fargo & Company reaffirmed a “market perform” rating on shares of American Airlines Group in a research report on Tuesday, June 30th. Wall Street Zen lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Jefferies Financial Group boosted their price target on shares of American Airlines Group from $15.00 to $16.00 and gave the company a “hold” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft increased their price objective 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. Finally, Barclays raised their price objective on shares of American Airlines Group from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.03.
Insider Buying and Selling at American Airlines Group
In other news, COO David Seymour sold 69,343 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $17.00, for a total value of $1,178,831.00. Following the sale, the chief operating officer owned 1,025,489 shares in the company, valued at approximately $17,433,313. The trade was a 6.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Angela Owens sold 40,077 shares of the company’s stock in a transaction dated 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 sale, the senior vice president directly owned 178,799 shares in the company, valued at approximately $2,728,472.74. The trade was a 18.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 205,044 shares of company stock valued at $3,407,451 over the last quarter. Corporate insiders own 0.70% of the company’s stock.
American Airlines Group Trading Down 1.0%
Shares of AAL opened at $15.27 on Friday. American Airlines Group Inc. has a 1 year low of $10.09 and a 1 year high of $18.79. The stock has a 50 day simple moving average of $15.57 and a 200-day simple moving average of $13.68. The stock has a market cap of $10.11 billion, a PE ratio of -31.16 and a beta of 1.32.
American Airlines Group (NASDAQ:AAL – Get Free Report) last posted its earnings results on Thursday, July 23rd. The airline reported $0.15 EPS for the quarter, topping the consensus estimate of $0.03 by $0.12. The business had revenue of $16.73 billion during the quarter, compared to the consensus estimate of $16.70 billion. American Airlines Group had a negative return on equity of 9.11% and a negative net margin of 0.56%.American Airlines Group’s revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. American Airlines Group has set its Q3 2026 guidance at -0.700–0.100 EPS and its FY 2026 guidance at -0.650-0.650 EPS. On average, sell-side analysts forecast that American Airlines Group Inc. will post 0.02 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.
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