Mission Wealth Management LP acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,329 shares of the airline’s stock, valued at approximately $127,000.
Several other institutional investors have also recently added to or reduced their stakes in AAL. Russell Investments Group Ltd. lifted its position in American Airlines Group by 169.6% in the first quarter. Russell Investments Group Ltd. now owns 485,995 shares of the airline’s stock valued at $5,128,000 after acquiring an additional 305,740 shares during the last quarter. U S Global Investors Inc. grew its holdings in shares of American Airlines Group by 7.5% during the second quarter. U S Global Investors Inc. now owns 7,718,224 shares of the airline’s stock worth $86,598,000 after purchasing an additional 536,978 shares during the last quarter. Strathmore Capital Advisors Inc. acquired a new stake in shares of American Airlines Group during the second quarter worth about $231,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of American Airlines Group in the 2nd quarter valued at about $7,452,000. Finally, Praxis Investment Management Inc. boosted its position in shares of American Airlines Group by 178.7% in the 2nd quarter. Praxis Investment Management Inc. now owns 38,460 shares of the airline’s stock valued at $432,000 after purchasing an additional 24,660 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.
American Airlines Group Price Performance
Shares of NASDAQ AAL opened at $13.42 on Thursday. The stock has a fifty day moving average price of $12.44 and a 200 day moving average price of $11.83. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10. The company has a market cap of $8.86 billion, a PE ratio of 15.60, a P/E/G ratio of 1.73 and a beta of 1.36.
Analysts Set New Price Targets
Several research firms have commented on AAL. Evercore ISI lifted their price target on American Airlines Group from $13.00 to $14.00 and gave the stock an “in-line” rating in a research report on Monday, September 29th. Raymond James Financial set a $14.00 target price on shares of American Airlines Group in a research report on Monday, August 25th. Jefferies Financial Group lifted their target price on shares of American Airlines Group from $12.00 to $13.00 and gave the company a “hold” rating in a report on Wednesday, October 1st. Bank of America increased their price target on shares of American Airlines Group from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Finally, Cowen reissued a “buy” rating on shares of American Airlines Group in a research report on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.65.
View Our Latest Stock Analysis on AAL
About American Airlines Group
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.
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