American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) COO David Seymour sold 56,456 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total transaction of $1,016,208.00. Following the completion of the transaction, the chief operating officer owned 969,033 shares in the company, valued at approximately $17,442,594. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
David Seymour also recently made the following trade(s):
- On Wednesday, June 24th, David Seymour sold 69,343 shares of American Airlines Group stock. The shares were sold at an average price of $17.00, for a total transaction of $1,178,831.00.
American Airlines Group Stock Up 1.7%
Shares of AAL stock opened at $17.87 on Friday. The company has a 50 day moving average of $13.73 and a 200-day moving average of $13.57. American Airlines Group Inc. has a 12-month low of $10.09 and a 12-month high of $18.04. The firm has a market cap of $11.82 billion, a P/E ratio of 57.65 and a beta of 1.35.
American Airlines Group News Summary
Here are the key news stories impacting American Airlines Group this week:
- Positive Sentiment: Citigroup raised its price target on American Airlines Group from $14 to $22 and reiterated a buy rating, implying meaningful upside from recent trading levels. Citigroup raises American Airlines price target to $22
- Positive Sentiment: The stock was highlighted as part of a group of airline names reaching fresh 52-week highs, reflecting improving momentum and investor optimism around the sector. Stocktwits article on 52-week highs
- Positive Sentiment: A separate note said airline stocks, including American Airlines, are benefiting from lower oil prices, which can reduce jet fuel costs and improve margins for carriers. Why Is American Airlines (AAL) Stock Soaring Today
- Neutral Sentiment: Other recent coverage continued to place American Airlines among the airline stocks worth watching, but without a major new company-specific catalyst. Best Airline Stocks To Research – June 25th
- Neutral Sentiment: One article discussed a bullish chart pattern tied to American Airlines, suggesting technical traders may be supporting the move. United Is About To Join American Airlines In An Exclusive Bullish Club Linked To Elon Musk
- Negative Sentiment: American Airlines also saw a reported rise in short interest during June, which can signal that some traders remain skeptical about the sustainability of the rally. Short interest update for American Airlines
Wall Street Analyst Weigh In
A number of brokerages have recently commented on AAL. Susquehanna dropped their price target on American Airlines Group from $17.00 to $16.00 and set a “positive” rating on the stock in a research report on Friday, April 24th. BMO Capital Markets boosted their price objective on American Airlines Group from $12.00 to $13.50 and gave the company a “market perform” rating in a research note on Friday, April 24th. Rothschild & Co Redburn reaffirmed a “neutral” rating and set a $12.50 price objective (down from $17.00) on shares of American Airlines Group in a report on Thursday, March 5th. Morgan Stanley increased their target price on shares of American Airlines Group from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of American Airlines Group from $13.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, American Airlines Group has an average rating of “Hold” and an average target price of $16.47.
Get Our Latest Stock Analysis on American Airlines Group
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of American Airlines Group by 21.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,276 shares of the airline’s stock worth $66,000 after buying an additional 766 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of American Airlines Group by 6.6% in the second quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline’s stock valued at $149,000 after acquiring an additional 823 shares during the period. HB Wealth Management LLC grew its stake in American Airlines Group by 4.5% during the first quarter. HB Wealth Management LLC now owns 20,205 shares of the airline’s stock valued at $217,000 after acquiring an additional 871 shares in the last quarter. Root Financial Partners LLC grew its stake in American Airlines Group by 33.1% during the first quarter. Root Financial Partners LLC now owns 3,816 shares of the airline’s stock valued at $41,000 after acquiring an additional 949 shares in the last quarter. Finally, Frank Rimerman Advisors LLC increased its holdings in American Airlines Group by 4.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 22,346 shares of the airline’s stock worth $343,000 after acquiring an additional 954 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.
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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