Lecap Asset Management Ltd. acquired a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 40,808 shares of the airline’s stock, valued at approximately $459,000.
Other hedge funds also recently added to or reduced their stakes in the company. Woodline Partners LP acquired a new position in shares of American Airlines Group in the first quarter valued at approximately $8,227,000. Geneos Wealth Management Inc. increased its stake in American Airlines Group by 11.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 9,558 shares of the airline’s stock valued at $101,000 after buying an additional 969 shares during the period. Strathmore Capital Advisors Inc. acquired a new position in American Airlines Group in the 2nd quarter valued at $231,000. Kingstone Capital Partners Texas LLC purchased a new position in American Airlines Group during the 2nd quarter worth $7,452,000. Finally, GAMMA Investing LLC lifted its stake in shares of American Airlines Group by 87.6% in the 2nd quarter. GAMMA Investing LLC now owns 23,819 shares of the airline’s stock worth $267,000 after acquiring an additional 11,119 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.
American Airlines Group Trading Up 1.7%
American Airlines Group stock opened at $15.99 on Friday. The stock has a market cap of $10.55 billion, a PE ratio of 18.59, a P/E/G ratio of 0.56 and a beta of 1.23. American Airlines Group Inc. has a 52 week low of $8.50 and a 52 week high of $19.10. The stock has a 50-day moving average price of $14.43 and a 200 day moving average price of $13.00.
Analyst Ratings Changes
Several research analysts recently issued reports on AAL shares. Bank of America increased their price target on shares of American Airlines Group from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group increased their target price on American Airlines Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings restated a “sell (d+)” rating on shares of American Airlines Group in a research note on Monday, December 29th. Wells Fargo & Company initiated coverage on American Airlines Group in a report on Thursday, December 18th. They set an “equal weight” rating and a $17.00 price objective on the stock. Finally, Citigroup raised their target price on American Airlines Group from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.36.
Read Our Latest Research Report on American Airlines Group
American Airlines Group 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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