American Airlines Group Inc. (NASDAQ:AAL) Shares Acquired by abrdn plc

abrdn plc increased its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 36.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,180 shares of the airline’s stock after purchasing an additional 27,794 shares during the period. abrdn plc’s holdings in American Airlines Group were worth $1,418,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. acquired a new position in shares of American Airlines Group during the third quarter valued at approximately $59,411,000. Invesco Ltd. raised its stake in American Airlines Group by 28.3% in the 3rd quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock valued at $155,249,000 after purchasing an additional 2,672,793 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in American Airlines Group in the 3rd quarter valued at $28,867,000. Barclays PLC boosted its stake in American Airlines Group by 191.7% during the 3rd quarter. Barclays PLC now owns 3,333,370 shares of the airline’s stock worth $42,448,000 after purchasing an additional 2,190,456 shares during the last quarter. Finally, U S Global Investors Inc. grew its holdings in shares of American Airlines Group by 18.7% during the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after buying an additional 2,001,247 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AAL has been the topic of several research reports. Wolfe Research raised shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a research note on Monday, January 22nd. JPMorgan Chase & Co. upped their price target on American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, January 11th. Morgan Stanley restated an “overweight” rating and issued a $20.00 target price on shares of American Airlines Group in a report on Tuesday, March 5th. Finally, Evercore ISI reiterated a “hold” rating and set a $17.00 price target on shares of American Airlines Group in a report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Stock Up 0.7 %

NASDAQ:AAL opened at $13.98 on Tuesday. American Airlines Group Inc. has a 52 week low of $10.86 and a 52 week high of $19.08. The stock’s fifty day moving average is $14.45 and its two-hundred day moving average is $13.66. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The firm had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. American Airlines Group’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 EPS. On average, sell-side analysts expect that American Airlines Group Inc. will post 2.67 EPS for the current fiscal year.

American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.