Triton Wealth Management PLLC bought a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 28,069 shares of the airline’s stock, valued at approximately $322,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of AAL. Bogart Wealth LLC lifted its position in American Airlines Group by 1,300.0% during the first quarter. Bogart Wealth LLC now owns 2,800 shares of the airline’s stock valued at $30,000 after purchasing an additional 2,600 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of American Airlines Group during the 1st quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC raised its position in shares of American Airlines Group by 58.0% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 2,839 shares of the airline’s stock valued at $30,000 after buying an additional 1,042 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of American Airlines Group by 121.4% in the 1st quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline’s stock valued at $33,000 after acquiring an additional 1,709 shares during the last quarter. Finally, Nvwm LLC grew its position in American Airlines Group by 30,000.0% in the first quarter. Nvwm LLC now owns 4,515 shares of the airline’s stock worth $48,000 after acquiring an additional 4,500 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group Stock Performance
Shares of NASDAQ:AAL opened at $12.19 on Wednesday. The firm’s 50 day simple moving average is $12.43 and its 200-day simple moving average is $11.50. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10. The firm has a market cap of $8.04 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 3.79 and a beta of 1.36.
Analyst Upgrades and Downgrades
AAL has been the topic of a number of recent research reports. Raymond James Financial set a $14.00 price objective on American Airlines Group in a research report on Monday, August 25th. Evercore ISI increased their price target on American Airlines Group from $13.00 to $14.00 and gave the company an “in-line” rating in a report on Monday, September 29th. UBS Group raised their price target on American Airlines Group from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, September 26th. Bank of America boosted their price objective on shares of American Airlines Group from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. Finally, Susquehanna increased their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.59.
Check Out Our Latest Stock Report on AAL
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.
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