LSV Asset Management lifted its position in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 102.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,840,186 shares of the airline’s stock after buying an additional 1,437,376 shares during the period. LSV Asset Management owned about 0.43% of American Airlines Group worth $43,540,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC boosted its position in shares of American Airlines Group by 494.1% during the fourth quarter. Global Retirement Partners LLC now owns 46,683 shares of the airline’s stock worth $716,000 after buying an additional 38,825 shares during the period. Leonteq Securities AG acquired a new position in shares of American Airlines Group during the fourth quarter worth about $8,296,000. PNC Financial Services Group Inc. boosted its position in shares of American Airlines Group by 13.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 43,172 shares of the airline’s stock worth $662,000 after buying an additional 5,030 shares during the period. GSA Capital Partners LLP acquired a new position in shares of American Airlines Group during the fourth quarter worth about $2,183,000. Finally, Handelsbanken Fonder AB boosted its position in shares of American Airlines Group by 12.4% during the fourth quarter. Handelsbanken Fonder AB now owns 181,500 shares of the airline’s stock worth $2,782,000 after buying an additional 20,000 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.
American Airlines Group Stock Performance
AAL opened at $13.85 on Monday. American Airlines Group Inc. has a 52-week low of $10.09 and a 52-week high of $16.50. The firm has a market capitalization of $9.16 billion, a PE ratio of 44.68 and a beta of 1.28. The business’s 50-day simple moving average is $11.66 and its 200 day simple moving average is $13.28.
Analyst Ratings Changes
AAL has been the subject of several recent research reports. Raymond James Financial reaffirmed a “market perform” rating on shares of American Airlines Group in a research report on Monday, February 2nd. JPMorgan Chase & Co. upped their price objective on American Airlines Group from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of American Airlines Group in a report on Friday, March 27th. Rothschild & Co Redburn reiterated a “neutral” rating and set a $12.50 target price (down from $17.00) on shares of American Airlines Group in a report on Thursday, March 5th. Finally, Wall Street Zen upgraded American Airlines Group from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, American Airlines Group presently has an average rating of “Hold” and a consensus price target of $14.67.
Read Our Latest 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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