Vanguard Personalized Indexing Management LLC increased its position in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 20.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,125 shares of the airline’s stock after acquiring an additional 19,278 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in American Airlines Group were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its position in American Airlines Group by 0.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 204,485 shares of the airline’s stock worth $2,294,000 after purchasing an additional 848 shares during the period. Geneos Wealth Management Inc. grew its position in American Airlines Group by 11.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,558 shares of the airline’s stock worth $101,000 after purchasing an additional 969 shares during the period. Vident Advisory LLC grew its position in American Airlines Group by 3.2% during the 1st quarter. Vident Advisory LLC now owns 32,418 shares of the airline’s stock worth $342,000 after purchasing an additional 1,007 shares during the period. Signaturefd LLC grew its position in American Airlines Group by 10.0% during the 1st quarter. Signaturefd LLC now owns 11,289 shares of the airline’s stock worth $119,000 after purchasing an additional 1,030 shares during the period. Finally, Vermillion & White Wealth Management Group LLC grew its position in 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 worth $30,000 after purchasing an additional 1,042 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.
American Airlines Group Trading Down 0.3%
AAL stock opened at $11.86 on Friday. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.10. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 3.83 and a beta of 1.36. The business’s 50-day moving average is $12.45 and its 200 day moving average is $11.53.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on AAL. Jefferies Financial Group increased their price target on American Airlines Group from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Wednesday, October 1st. Barclays raised their target price on American Airlines Group from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Susquehanna raised their target price on American Airlines Group from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Bank of America raised their target price on 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, JPMorgan Chase & Co. raised their target price on American Airlines Group from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.59.
View Our Latest Stock Report on American Airlines Group
American Airlines Group 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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