Vise Technologies Inc. bought a new stake in American Airlines Group Inc. (NASDAQ:AAL – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 46,716 shares of the airline’s stock, valued at approximately $844,000.
Several other hedge funds and other institutional investors also recently modified their holdings of AAL. BlackRock Inc. bought a new stake in shares of American Airlines Group during the 2nd quarter worth $1,144,739,000. Two Sigma Investments LP grew its position in American Airlines Group by 49.1% in the third quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline’s stock valued at $153,660,000 after acquiring an additional 4,500,897 shares during the last quarter. Geode Capital Management LLC grew its position in American Airlines Group by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 12,803,168 shares of the airline’s stock valued at $196,323,000 after acquiring an additional 159,844 shares during the last quarter. Renaissance Technologies LLC raised its stake in American Airlines Group by 569.4% during the first quarter. Renaissance Technologies LLC now owns 9,687,232 shares of the airline’s stock worth $104,041,000 after acquiring an additional 8,240,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in American Airlines Group by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 7,086,888 shares of the airline’s stock worth $76,098,000 after acquiring an additional 152,266 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on AAL shares. Jefferies Financial Group raised their price target on shares of American Airlines Group from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. TD Cowen upped their price objective on shares of American Airlines Group from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. BMO Capital Markets dropped their price objective on shares of American Airlines Group from $19.50 to $19.00 and set a “market perform” rating for the company in a research note on Friday, July 24th. Susquehanna increased their price objective on shares of American Airlines Group from $16.00 to $25.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of American Airlines Group in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.03.
Insider Activity at American Airlines Group
In related news, COO David Seymour sold 56,456 shares of American Airlines Group stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total transaction of $1,016,208.00. Following the sale, the chief operating officer directly owned 969,033 shares in the company, valued at $17,442,594. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Angela Owens sold 40,077 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $15.26, for a total transaction of $611,575.02. Following the sale, the senior vice president directly owned 178,799 shares in the company, valued at $2,728,472.74. The trade was a 18.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 205,044 shares of company stock worth $3,407,451. 0.70% of the stock is owned by corporate insiders.
American Airlines Group Stock Performance
American Airlines Group stock opened at $13.82 on Monday. The company has a market capitalization of $9.15 billion, a PE ratio of -28.20 and a beta of 1.34. American Airlines Group Inc. has a 12 month low of $10.09 and a 12 month high of $18.79. The stock has a 50-day moving average price of $15.85 and a two-hundred day moving average price of $13.72.
American Airlines Group (NASDAQ:AAL – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The airline reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.12. American Airlines Group had a negative return on equity of 9.11% and a negative net margin of 0.56%.The company had revenue of $16.73 billion for the quarter, compared to analysts’ expectations of $16.70 billion. During the same period in the previous year, the business posted $0.95 earnings per share. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. 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.
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.
See Also
- Five stocks we like better than American Airlines Group
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
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.
