Consilium Wealth Advisory LLC purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 56,565 shares of the airline’s stock, valued at approximately $608,000.
Other large investors have also bought and sold shares of the company. Invesco Ltd. grew its stake in shares of American Airlines Group by 1.3% in the 2nd quarter. Invesco Ltd. now owns 2,978,006 shares of the airline’s stock worth $33,413,000 after acquiring an additional 36,877 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of American Airlines Group by 42.6% during the second quarter. Brown Advisory Inc. now owns 45,358 shares of the airline’s stock valued at $509,000 after purchasing an additional 13,539 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of American Airlines Group by 5.0% during the second quarter. California Public Employees Retirement System now owns 1,164,443 shares of the airline’s stock valued at $13,065,000 after purchasing an additional 55,059 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in American Airlines Group by 6.6% during the second quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline’s stock worth $149,000 after purchasing an additional 823 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in American Airlines Group by 34.4% during the second quarter. Sei Investments Co. now owns 1,315,532 shares of the airline’s stock worth $14,760,000 after purchasing an additional 336,993 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors.
American Airlines Group Stock Performance
AAL opened at $16.14 on Wednesday. American Airlines Group Inc. has a fifty-two week low of $10.09 and a fifty-two week high of $16.59. The firm has a 50-day moving average of $13.38 and a 200 day moving average of $13.50. The firm has a market cap of $10.67 billion, a P/E ratio of 52.06 and a beta of 1.35.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of American Airlines Group from $17.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, March 16th. Weiss Ratings cut shares of American Airlines Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Rothschild & Co Redburn restated a “neutral” rating and issued a $12.50 target price (down from $17.00) on shares of American Airlines Group in a research note on Thursday, March 5th. UBS Group upped their target price on American Airlines Group from $18.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Bank of America increased their price target on American Airlines Group from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, American Airlines Group has an average rating of “Hold” and an average price target of $15.76.
Check Out 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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