Cim Investment Management Inc. increased its position in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 99.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,256 shares of the airline’s stock after acquiring an additional 34,568 shares during the quarter. Cim Investment Management Inc.’s holdings in American Airlines Group were worth $777,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC grew its position in American Airlines Group by 58.0% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 2,839 shares of the airline’s stock worth $30,000 after purchasing an additional 1,042 shares in the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of American Airlines Group by 1,022.1% during the second quarter. Laurel Wealth Advisors LLC now owns 4,466 shares of the airline’s stock valued at $50,000 after buying an additional 4,068 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of American Airlines Group during the second quarter valued at $65,000. Geneos Wealth Management Inc. raised its position in American Airlines Group by 11.3% during the first quarter. Geneos Wealth Management Inc. now owns 9,558 shares of the airline’s stock valued at $101,000 after buying an additional 969 shares during the period. Finally, Rexford Capital Inc. purchased a new stake in American Airlines Group in the 2nd quarter worth about $115,000. Institutional investors and hedge funds own 52.44% of the company’s stock.
American Airlines Group Stock Performance
Shares of AAL opened at $14.96 on Friday. The firm has a market cap of $9.87 billion, a PE ratio of 17.40, a PEG ratio of 2.55 and a beta of 1.26. The firm’s 50 day moving average price is $13.12 and its 200 day moving average price is $12.39. American Airlines Group Inc. has a twelve month low of $8.50 and a twelve month high of $19.10.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Evercore ISI lifted their target price on American Airlines Group from $13.00 to $14.00 and gave the company an “in-line” rating in a research note on Monday, September 29th. Jefferies Financial Group boosted their price objective on shares of American Airlines Group from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Cowen reiterated a “buy” rating on shares of American Airlines Group in a research note on Monday, October 27th. Bank of America lifted their target price on shares of American Airlines Group from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. Finally, BMO Capital Markets upgraded shares of American Airlines Group to a “hold” rating in a report on Tuesday, December 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.42.
Check Out Our Latest Research Report on American Airlines Group
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.
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