Titan Investment Management LLC purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 97,747 shares of the airline’s stock, valued at approximately $1,498,000. American Airlines Group accounts for 1.4% of Titan Investment Management LLC’s holdings, making the stock its 29th largest position.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. grew its stake in American Airlines Group by 1.3% in the second quarter. Invesco Ltd. now owns 2,978,006 shares of the airline’s stock worth $33,413,000 after purchasing an additional 36,877 shares during the period. Brown Advisory Inc. lifted its position in 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 buying an additional 13,539 shares during the period. California Public Employees Retirement System lifted its position in 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 buying an additional 55,059 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of American Airlines Group by 6.6% during the 2nd quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline’s stock valued at $149,000 after buying an additional 823 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of American Airlines Group by 34.4% in the 2nd quarter. Sei Investments Co. now owns 1,315,532 shares of the airline’s stock worth $14,760,000 after buying an additional 336,993 shares during the period. 52.44% of the stock is owned by institutional investors.
American Airlines Group Trading Up 3.7%
Shares of AAL opened at $15.99 on Friday. The business’s 50 day moving average is $13.10 and its 200 day moving average is $13.46. American Airlines Group Inc. has a 12-month low of $10.09 and a 12-month high of $16.50. The company has a market capitalization of $10.58 billion, a PE ratio of 51.58 and a beta of 1.35.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on AAL shares. BMO Capital Markets raised their target price on shares of American Airlines Group from $12.00 to $13.50 and gave the stock a “market perform” rating in a report on Friday, April 24th. 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 research note on Thursday, March 5th. Citigroup dropped their price target on American Airlines Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. Susquehanna cut their price objective on American Airlines Group from $17.00 to $16.00 and set a “positive” rating for the company in a report on Friday, April 24th. Finally, Wall Street Zen raised American Airlines Group from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.65.
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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