American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) SVP Angela Owens sold 40,077 shares of the firm’s stock in a transaction on 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. The trade was a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Angela Owens also recently made the following trade(s):
- On Tuesday, July 28th, Angela Owens sold 39,168 shares of American Airlines Group stock. The stock was sold at an average price of $15.34, for a total transaction of $600,837.12.
American Airlines Group Trading Down 1.0%
American Airlines Group stock traded down $0.16 on Friday, reaching $15.27. 48,086,247 shares of the stock were exchanged, compared to its average volume of 118,309,760. The stock has a market cap of $10.11 billion, a PE ratio of -31.16 and a beta of 1.32. American Airlines Group Inc. has a twelve month low of $10.09 and a twelve month high of $18.79. The firm has a fifty day moving average price of $15.57 and a two-hundred day moving average price of $13.68.
Institutional Investors Weigh In On American Airlines Group
A number of institutional investors have recently bought and sold shares of AAL. Renaissance Technologies LLC raised its position in American Airlines Group by 569.4% in 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 in the last quarter. Two Sigma Investments LP lifted its position in shares of American Airlines Group by 49.1% during the 3rd quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline’s stock worth $153,660,000 after buying an additional 4,500,897 shares during the period. Norges Bank bought a new position in shares of American Airlines Group during the 4th quarter worth approximately $33,198,000. AQR Capital Management LLC boosted its stake in American Airlines Group by 1,711.5% in the 4th quarter. AQR Capital Management LLC now owns 1,984,457 shares of the airline’s stock valued at $30,422,000 after buying an additional 1,874,909 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in American Airlines Group by 572.8% in the 4th quarter. First Trust Advisors LP now owns 2,152,577 shares of the airline’s stock valued at $32,999,000 after buying an additional 1,832,613 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. Wall Street Zen lowered American Airlines Group from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Citigroup cut their price target on American Airlines Group from $22.00 to $19.00 and set a “buy” rating for the company in a report on Friday, July 24th. Melius Research cut American Airlines Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $15.00 to $19.00 in a research report on Tuesday, July 7th. Sanford C. Bernstein raised their price objective on shares of American Airlines Group from $20.00 to $23.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 1st. Finally, Morgan Stanley raised 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 note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $19.03.
View Our Latest Stock Report on American Airlines Group
About American Airlines Group
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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