Landscape Capital Management L.L.C. purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 269,273 shares of the airline’s stock, valued at approximately $4,866,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of AAL. BlackRock Inc. acquired a new position in shares of American Airlines Group during the 2nd quarter worth about $1,144,739,000. Two Sigma Investments LP lifted its stake in American Airlines Group by 49.1% in the 3rd quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline’s stock valued at $153,660,000 after purchasing an additional 4,500,897 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 valued at $196,323,000 after purchasing an additional 159,844 shares during the last quarter. Renaissance Technologies LLC grew its holdings in American Airlines Group by 569.4% during the first quarter. Renaissance Technologies LLC now owns 9,687,232 shares of the airline’s stock worth $104,041,000 after purchasing an additional 8,240,100 shares during the period. 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 worth $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 Up 2.2%
Shares of AAL stock opened at $13.82 on Friday. The company has a market capitalization of $9.15 billion, a PE 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. The firm has a 50 day moving average price of $15.85 and a two-hundred day moving average price of $13.72.
Wall Street Analysts Forecast Growth
AAL has been the topic of several research analyst reports. Weiss Ratings upgraded American Airlines Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft boosted their target price on American Airlines Group from $13.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, May 29th. BMO Capital Markets cut their price target on American Airlines Group from $19.50 to $19.00 and set a “market perform” rating for the company in a report on Friday, July 24th. Morgan Stanley lifted their price objective on shares of American Airlines Group from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Wall Street Zen downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.03.
View Our Latest Stock Analysis on American Airlines Group
Insider Buying and Selling at American Airlines Group
In other news, COO David Seymour sold 69,343 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $17.00, for a total value of $1,178,831.00. Following the completion of the sale, the chief operating officer owned 1,025,489 shares of the company’s stock, valued at approximately $17,433,313. The trade was a 6.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Angela Owens sold 40,077 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $15.26, for a total transaction of $611,575.02. Following the completion of the transaction, the senior vice president owned 178,799 shares in the company, valued at $2,728,472.74. This trade represents a 18.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 205,044 shares of company stock worth $3,407,451 in the last quarter. Company insiders own 0.70% of the company’s stock.
American Airlines Group Company Profile
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.
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