Marshall Wace LLP raised its stake in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 319.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,019,492 shares of the airline’s stock after acquiring an additional 3,822,757 shares during the period. Marshall Wace LLP’s holdings in American Airlines Group were worth $56,319,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC boosted its position in American Airlines Group by 58.0% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 2,839 shares of the airline’s stock worth $30,000 after purchasing an additional 1,042 shares in the last quarter. Laurel Wealth Advisors LLC lifted its position in American Airlines Group by 1,022.1% during the second quarter. Laurel Wealth Advisors LLC now owns 4,466 shares of the airline’s stock worth $50,000 after buying an additional 4,068 shares during the period. Ameritas Advisory Services LLC acquired a new stake in American Airlines Group in the 2nd quarter worth about $65,000. Geneos Wealth Management Inc. increased its stake in shares of American Airlines Group by 11.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,558 shares of the airline’s stock valued at $101,000 after acquiring an additional 969 shares during the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of American Airlines Group during the 1st quarter valued at $116,000. Institutional investors and hedge funds own 52.44% of the company’s stock.
American Airlines Group Trading Up 3.3%
Shares of American Airlines Group stock opened at $14.81 on Friday. The stock’s fifty day simple moving average is $12.76 and its 200 day simple moving average is $12.26. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The company has a market capitalization of $9.78 billion, a PE ratio of 17.22, a PEG ratio of 2.16 and a beta of 1.26.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Citigroup assumed coverage on shares of American Airlines Group in a research report on Thursday. They issued a “buy” rating and a $19.00 price objective for the company. Bank of America lifted their price target on shares of American Airlines Group from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Weiss Ratings restated a “sell (d+)” rating on shares of American Airlines Group in a research note on Monday, December 1st. Jefferies Financial Group raised their target price on shares of American Airlines Group from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Wednesday, October 1st. Finally, Susquehanna upped their price objective on American Airlines Group from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.38.
Read Our Latest Stock Analysis on American Airlines Group
American Airlines Group Company Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.
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