Drucker Wealth 3.0 LLC lifted its holdings in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 155.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 96,509 shares of the airline’s stock after buying an additional 58,773 shares during the period. Drucker Wealth 3.0 LLC’s holdings in American Airlines Group were worth $1,085,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP increased its stake in American Airlines Group by 319.4% during the second quarter. Marshall Wace LLP now owns 5,019,492 shares of the airline’s stock worth $56,319,000 after acquiring an additional 3,822,757 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of American Airlines Group in the 3rd quarter worth approximately $37,533,000. Norges Bank bought a new position in shares of American Airlines Group during the 2nd quarter valued at approximately $15,133,000. Jump Financial LLC raised its holdings in American Airlines Group by 203.3% during the 2nd quarter. Jump Financial LLC now owns 1,914,890 shares of the airline’s stock valued at $21,485,000 after buying an additional 1,283,590 shares during the period. Finally, Par Capital Management Inc. bought a new stake in American Airlines Group in the second quarter worth $14,025,000. Institutional investors own 52.44% of the company’s stock.
American Airlines Group Price Performance
Shares of AAL stock opened at $14.40 on Wednesday. The company has a market capitalization of $9.51 billion, a P/E ratio of 84.71, a P/E/G ratio of 0.52 and a beta of 1.25. The company’s 50-day simple moving average is $15.01 and its two-hundred day simple moving average is $13.55. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $16.50.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Wells Fargo & Company began coverage on shares of American Airlines Group in a research report on Thursday, December 18th. They set an “equal weight” rating and a $17.00 price objective on the stock. Raymond James Financial reiterated a “market perform” rating on shares of American Airlines Group in a report on Monday, February 2nd. Barclays raised their price objective on shares of American Airlines Group from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Susquehanna raised American Airlines Group from a “neutral” rating to a “positive” rating and upped their target price for the company from $14.00 to $20.00 in a research note on Friday, January 9th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $17.00 price target on shares of American Airlines Group in a report on Wednesday, January 28th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.19.
Check Out Our Latest Stock Analysis on American Airlines Group
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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