Fieldview Capital Management LLC bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 39,905 shares of the airline’s stock, valued at approximately $612,000.
Other institutional investors have also recently added to or reduced their stakes in the company. West Branch Capital LLC bought a new stake in American Airlines Group during the 4th quarter worth approximately $31,000. MassMutual Private Wealth & Trust FSB grew its holdings in American Airlines Group by 102.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,353 shares of the airline’s stock worth $36,000 after acquiring an additional 1,188 shares during the last quarter. Center for Financial Planning Inc. grew its holdings in American Airlines Group by 377.4% during the 4th quarter. Center for Financial Planning Inc. now owns 2,530 shares of the airline’s stock worth $39,000 after acquiring an additional 2,000 shares during the last quarter. Clearstead Advisors LLC grew its holdings in American Airlines Group by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 2,968 shares of the airline’s stock worth $45,000 after acquiring an additional 1,733 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in American Airlines Group by 208.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,282 shares of the airline’s stock worth $50,000 after acquiring an additional 2,217 shares during the last quarter. 52.44% of the stock is owned by institutional investors.
American Airlines Group Stock Up 3.2%
American Airlines Group stock opened at $15.46 on Tuesday. American Airlines Group Inc. has a 12-month low of $10.09 and a 12-month high of $16.50. The firm’s fifty day moving average is $12.81 and its 200 day moving average is $13.43. The company has a market capitalization of $10.23 billion, a PE ratio of 49.87 and a beta of 1.35.
Analysts Set New Price Targets
AAL has been the topic of a number of research reports. Wall Street Zen raised shares of American Airlines Group from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of American Airlines Group from $13.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $12.50 price objective (down from $17.00) on shares of American Airlines Group in a research note on Thursday, March 5th. BMO Capital Markets upped their price objective on shares of American Airlines Group from $12.00 to $13.50 and gave the company a “market perform” rating in a research note on Friday, April 24th. Finally, UBS Group upped their price objective on shares of American Airlines Group from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.53.
Get Our Latest Stock Report on AAL
American Airlines Group 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.
Featured Articles
- Five stocks we like better than American Airlines Group
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc. (NASDAQ:AAL – Free Report).
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.
