American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) COO David Seymour sold 69,343 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $17.00, for a total transaction of $1,178,831.00. Following the sale, the chief operating officer owned 1,025,489 shares of the company’s stock, valued at approximately $17,433,313. The trade was a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
David Seymour also recently made the following trade(s):
- On Thursday, June 25th, David Seymour sold 56,456 shares of American Airlines Group stock. The stock was sold at an average price of $18.00, for a total transaction of $1,016,208.00.
American Airlines Group Price Performance
NASDAQ:AAL opened at $17.87 on Friday. The company’s 50-day moving average is $13.73 and its two-hundred day moving average is $13.57. American Airlines Group Inc. has a 1-year low of $10.09 and a 1-year high of $18.04. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 57.65 and a beta of 1.35.
More American Airlines Group News
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
Institutional Trading of American Airlines Group
A number of institutional investors and hedge funds have recently bought and sold shares of AAL. Two Sigma Investments LP boosted its stake in shares of American Airlines Group by 49.1% in the third quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline’s stock valued at $153,660,000 after purchasing an additional 4,500,897 shares during the period. Geode Capital Management LLC increased its stake in American Airlines Group by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 12,803,168 shares of the airline’s stock worth $196,323,000 after buying an additional 159,844 shares during the period. Renaissance Technologies LLC increased its stake in American Airlines Group by 569.4% during the 1st quarter. Renaissance Technologies LLC now owns 9,687,232 shares of the airline’s stock worth $104,041,000 after buying an additional 8,240,100 shares during the period. Dimensional Fund Advisors LP lifted its holdings in American Airlines Group by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,086,888 shares of the airline’s stock worth $76,098,000 after buying an additional 152,266 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in American Airlines Group by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,483,781 shares of the airline’s stock worth $99,396,000 after buying an additional 406,393 shares in the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have recently commented on AAL. BMO Capital Markets upped their price target 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. Barclays raised their price objective on American Airlines Group from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday. Susquehanna reduced their price objective on shares of American Airlines Group from $17.00 to $16.00 and set a “positive” rating on the stock in a report on Friday, April 24th. Jefferies Financial Group upped their target price on shares of American Airlines Group from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, TD Cowen dropped their price target on shares of American Airlines Group from $17.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, American Airlines Group presently has a consensus rating of “Hold” and a consensus target price of $16.47.
Check Out Our Latest Stock Report on American Airlines Group
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.
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