Truist Financial Corp lifted its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 7.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,880 shares of the airline’s stock after purchasing an additional 2,053 shares during the period. Truist Financial Corp’s holdings in American Airlines Group were worth $424,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Raymond James & Associates boosted its position in American Airlines Group by 12.9% in the 3rd quarter. Raymond James & Associates now owns 121,511 shares of the airline’s stock valued at $1,557,000 after buying an additional 13,914 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in American Airlines Group by 22.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,087 shares of the airline’s stock valued at $642,000 after acquiring an additional 9,269 shares during the last quarter. TD Asset Management Inc increased its position in American Airlines Group by 22.4% in the third quarter. TD Asset Management Inc now owns 149,096 shares of the airline’s stock worth $1,910,000 after purchasing an additional 27,300 shares during the period. New Mexico Educational Retirement Board lifted its position in American Airlines Group by 7.6% during the 3rd quarter. New Mexico Educational Retirement Board now owns 34,000 shares of the airline’s stock valued at $436,000 after purchasing an additional 2,400 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of American Airlines Group by 2,335.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 324,430 shares of the airline’s stock valued at $4,116,000 after purchasing an additional 311,110 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on AAL shares. TD Cowen upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $14.00 to $21.00 in a report on Friday, January 26th. Citigroup reiterated a “buy” rating and issued a $20.00 price objective on shares of American Airlines Group in a report on Thursday, March 14th. JPMorgan Chase & Co. boosted their target price on American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Finally, Morgan Stanley restated an “overweight” rating and set a $20.00 price objective on shares of American Airlines Group in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Airlines Group has a consensus rating of “Moderate Buy” and a consensus price target of $17.62.
Read Our Latest Research Report on AAL
American Airlines Group Stock Down 0.4 %
Shares of AAL stock opened at $14.73 on Friday. American Airlines Group Inc. has a 12 month low of $10.86 and a 12 month high of $19.08. The company’s fifty day simple moving average is $14.25 and its 200-day simple moving average is $13.92. The firm has a market cap of $9.66 billion, a PE ratio of 24.55, a P/E/G ratio of 0.21 and a beta of 1.57.
American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The business had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.05 earnings per share. On average, equities analysts predict that American Airlines Group Inc. will post 2.54 earnings per share for the current fiscal year.
About American Airlines Group
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.
Featured Articles
Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc. (NASDAQ:AAL – Free Report).
Receive News & Ratings for American Airlines Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for American Airlines Group and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
