American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) COO David Seymour sold 56,456 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $1,016,208.00. Following the completion of the transaction, the chief operating officer directly owned 969,033 shares in the company, valued at approximately $17,442,594. This represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
David Seymour also recently made the following trade(s):
- On Wednesday, June 24th, David Seymour sold 69,343 shares of American Airlines Group stock. The shares were sold at an average price of $17.00, for a total value of $1,178,831.00.
American Airlines Group Trading Up 1.7%
NASDAQ AAL traded up $0.30 on Friday, hitting $17.87. 161,278,653 shares of the company were exchanged, compared to its average volume of 75,315,797. The firm has a 50 day moving average of $13.62 and a two-hundred day moving average of $13.54. The company has a market cap of $11.82 billion, a P/E ratio of 57.65 and a beta of 1.35. American Airlines Group Inc. has a 1-year low of $10.09 and a 1-year high of $18.04.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of American Airlines Group from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Rothschild & Co Redburn reissued a “neutral” rating and issued a $12.50 target price (down from $17.00) on shares of American Airlines Group in a research note on Thursday, March 5th. Weiss Ratings upgraded American Airlines Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Wells Fargo & Company cut their price target on American Airlines Group from $17.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, March 16th. Finally, TD Cowen decreased their price target on American Airlines Group from $17.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.47.
View Our Latest Report on American Airlines Group
Hedge Funds Weigh In On American Airlines Group
Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in American Airlines Group by 21.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,276 shares of the airline’s stock worth $66,000 after buying an additional 766 shares during the last quarter. NewEdge Advisors LLC grew its holdings in American Airlines Group by 6.6% during the second 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. HB Wealth Management LLC increased its stake in American Airlines Group by 4.5% in the first quarter. HB Wealth Management LLC now owns 20,205 shares of the airline’s stock valued at $217,000 after purchasing an additional 871 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of American Airlines Group by 33.1% during the first quarter. Root Financial Partners LLC now owns 3,816 shares of the airline’s stock worth $41,000 after purchasing an additional 949 shares in the last quarter. Finally, Frank Rimerman Advisors LLC increased its position in shares of American Airlines Group by 4.5% in the 4th quarter. Frank Rimerman Advisors LLC now owns 22,346 shares of the airline’s stock valued at $343,000 after buying an additional 954 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.
Key Stories Impacting American Airlines Group
Here are the key news stories impacting American Airlines Group this week:
- Positive Sentiment: Citigroup raised its price target on American Airlines Group from $14 to $22 and reiterated a buy rating, implying meaningful upside from recent trading levels. Citigroup raises American Airlines price target to $22
- Positive Sentiment: The stock was highlighted as part of a group of airline names reaching fresh 52-week highs, reflecting improving momentum and investor optimism around the sector. Stocktwits article on 52-week highs
- Positive Sentiment: A separate note said airline stocks, including American Airlines, are benefiting from lower oil prices, which can reduce jet fuel costs and improve margins for carriers. Why Is American Airlines (AAL) Stock Soaring Today
- Neutral Sentiment: Other recent coverage continued to place American Airlines among the airline stocks worth watching, but without a major new company-specific catalyst. Best Airline Stocks To Research – June 25th
- Neutral Sentiment: One article discussed a bullish chart pattern tied to American Airlines, suggesting technical traders may be supporting the move. United Is About To Join American Airlines In An Exclusive Bullish Club Linked To Elon Musk
- Negative Sentiment: American Airlines also saw a reported rise in short interest during June, which can signal that some traders remain skeptical about the sustainability of the rally. Short interest update for American Airlines
About American Airlines Group
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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