American Airlines Group by 0.4% during the 4th quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock worth $34,496,000 after purchasing an additional 10,600 shares during the period. Dimensional Fund Advisors LP boosted its stake in American Airlines Group by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,153,431 shares of the airline’s stock worth $29,593,000 after purchasing an additional 82,537 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in American Airlines Group by 7,871.8% during the 4th quarter. AssenagonAssenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock worth $24,211,000 after purchasing an additional 1,739,977 shares during the period. 52.44% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group Stock Performance
Shares of AAL stock opened at $10.60 on Friday. The firm’s 50 day moving average price is $11.59 and its 200-day moving average price is $13.43. American Airlines Group has a one year low of $9.76 and a one year highof $16.90. The firm has a market cap of $6.95 billion, a P/E ratio of 17.67, a P/E/G ratio of 0.22 and a beta of 1.44.American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) was the target of unusually large options trading activity on Thursday. Stock investors bought 307,825 put options on the company. This represents an increase of 152% compared to the typical daily volume of 122,007 put options.Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in American Airlines Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after purchasing an additional 806,770 shares during the period. U S Global Investors Inc. boosted its stake in American Airlines Group by 18.7% during the 4th quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after purchasingWall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Bank of America dropped their price objective on shares of American Airlines Group from $12.00 to $11.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 29th. Citigroup decreased their target price on shares of American Airlines Group from $20.00 to $16.50 and set a “buy” rating for the company in a research report on Friday, May 31st. Barclaysdecreased their target price on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. TD Cowen cut shares of American Airlines Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $16.00 to $10.00 in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. decreasedtheir price target on shares of American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.03.
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.
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.Business Strategy and Outlook
Before the coronavirus pandemic, much of American Airlines’ story was based on realizing cost efficiencies from its 2013 merger with US Airways and strengthening its hubs to expand margins. While we observed a bump in operating margin to 15.1% in 2015, when the merger was financially consolidated and fuel prices dropped, American saw steady unit cost growth through 2019, when it delivered a 6.7% operating margin. While we expect American can achieve some operating cost improvement in the coming years, we do not expect it to structurally improve its relativeTransparency is our policy. Learn how it impacts everything we do
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American was founded more than 95 years ago and has a deep-rooted history leading the industry through innovation and firsts, including hiring the first Black U.S. commercial airline pilot, hiring the first female U.S. commercial airline pilot, launching the first loyalty program of any major carrier and becoming the first airline to introduce airport lounges.