Rhumbline Advisers cut its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 2.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,659,491 shares of the airline’s stock after selling 37,221 shares during the quarter. Rhumbline Advisers’ holdings in American Airlines Group were worth $18,653,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of American Airlines Group during the 3rd quarter worth about $30,000. UMB Bank n.a. grew its stake in American Airlines Group by 845.1% during the third quarter. UMB Bank n.a. now owns 3,251 shares of the airline’s stock worth $37,000 after buying an additional 2,907 shares during the last quarter. Guerra Advisors Inc acquired a new stake in shares of American Airlines Group during the third quarter worth approximately $37,000. Bogart Wealth LLC raised its stake in shares of American Airlines Group by 35.1% in the third quarter. Bogart Wealth LLC now owns 3,855 shares of the airline’s stock valued at $43,000 after acquiring an additional 1,002 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC raised its stake in shares of American Airlines Group by 52.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 4,339 shares of the airline’s stock valued at $49,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.
American Airlines Group Price Performance
Shares of NASDAQ AAL opened at $14.40 on Wednesday. The company’s 50 day simple moving average is $15.01 and its 200 day simple moving average is $13.55. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $16.50. The firm 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.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Wells Fargo & Company started coverage on American Airlines Group in a report on Thursday, December 18th. They set an “equal weight” rating and a $17.00 price target for the company. Weiss Ratings restated a “sell (d+)” rating on shares of American Airlines Group in a research note on Monday, December 29th. Bank of America lifted their price target on American Airlines Group from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, January 6th. Cantor Fitzgerald set a $17.00 price objective on shares of American Airlines Group in a report on Friday, January 30th. Finally, Susquehanna upgraded shares of American Airlines Group from a “neutral” rating to a “positive” rating and raised their price objective for the company from $14.00 to $20.00 in a research report on Friday, January 9th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.19.
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.
Featured Articles
- Five stocks we like better than American Airlines Group
- Energy Security Is Now National Security – Positioning Is Happening Now
- The gold chart Wall Street is terrified of…
- The “Bomb” in America’s Basement
- Unlocked: Elon Musk’s Next Big IPO
- How to collect $1,170 a month from silver
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.
