Connor Clark & Lunn Investment Management Ltd. Purchases New Stake in American Airlines Group Inc. $AAL

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 6,620,243 shares of the airline’s stock, valued at approximately $119,628,000.

Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in American Airlines Group in the second quarter valued at about $1,144,739,000. Two Sigma Investments LP increased its stake in shares of American Airlines Group by 49.1% during the 3rd quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline’s stock worth $153,660,000 after purchasing an additional 4,500,897 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of American Airlines Group by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 12,803,168 shares of the airline’s stock worth $196,323,000 after purchasing an additional 159,844 shares during the period. Renaissance Technologies LLC lifted its stake in American Airlines Group by 569.4% in the first quarter. Renaissance Technologies LLC now owns 9,687,232 shares of the airline’s stock valued at $104,041,000 after purchasing an additional 8,240,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings 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 valued at $76,098,000 after purchasing an additional 152,266 shares during the period. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of NASDAQ AAL opened at $13.82 on Monday. The business has a 50-day moving average of $15.85 and a 200-day moving average of $13.72. The firm has a market capitalization of $9.15 billion, a price-to-earnings 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.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, July 23rd. The airline reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.12. American Airlines Group had a negative net margin of 0.56% and a negative return on equity of 9.11%. The business had revenue of $16.73 billion for the quarter, compared to the consensus estimate of $16.70 billion. During the same period last year, the firm posted $0.95 earnings per share. American Airlines Group’s quarterly revenue was up 16.3% on a year-over-year basis. 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.

Analysts Set New Price Targets

A number of research analysts have recently commented on AAL shares. Cantor Fitzgerald set a $24.00 price target on American Airlines Group in a research report on Thursday, July 2nd. Jefferies Financial Group upped their price objective 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. TD Cowen increased their target price 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of American Airlines Group from $13.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, Susquehanna boosted their price target on shares of American Airlines Group from $16.00 to $25.00 and gave the company a “positive” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and a consensus target price of $19.03.

Insider Buying and Selling at American Airlines Group

In related news, SVP Angela Owens sold 40,077 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $15.26, for a total value of $611,575.02. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David Seymour sold 56,456 shares of the stock in a transaction on Thursday, June 25th. The shares were 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 SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 205,044 shares of company stock worth $3,407,451. Corporate insiders own 0.70% of the company’s stock.

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.