Teacher Retirement System of Texas grew its stake in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 265.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,243 shares of the airline’s stock after purchasing an additional 66,278 shares during the period. Teacher Retirement System of Texas’ holdings in American Airlines Group were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of AAL. NewEdge Advisors LLC grew its position in American Airlines Group by 6.6% in the second quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline’s stock valued at $149,000 after acquiring an additional 823 shares during the period. Bogart Wealth LLC boosted its stake in shares of American Airlines Group by 35.1% in the 3rd quarter. Bogart Wealth LLC now owns 3,855 shares of the airline’s stock valued at $43,000 after purchasing an additional 1,002 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of American Airlines Group by 4.2% in the 3rd quarter. GAMMA Investing LLC now owns 24,825 shares of the airline’s stock worth $279,000 after purchasing an additional 1,006 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of American Airlines Group by 2.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 43,365 shares of the airline’s stock worth $487,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in American Airlines Group by 10.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 11,574 shares of the airline’s stock valued at $130,000 after purchasing an additional 1,074 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.
American Airlines Group Stock Up 2.9%
Shares of AAL opened at $13.69 on Tuesday. The stock’s fifty day simple moving average is $14.99 and its 200-day simple moving average is $13.35. The firm has a market capitalization of $9.04 billion, a PE ratio of 80.53, a price-to-earnings-growth ratio of 0.51 and a beta of 1.23. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $17.40.
Wall Street Analysts Forecast Growth
AAL has been the topic of several research analyst reports. Barclays upped their price objective on shares of American Airlines Group from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Cantor Fitzgerald set a $17.00 price target on American Airlines Group in a report on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of American Airlines Group in a research note on Monday, December 29th. Raymond James Financial restated a “market perform” rating on shares of American Airlines Group in a report on Monday. Finally, Bank of America lifted their price target on American Airlines Group from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, January 6th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.59.
Check Out Our Latest Analysis on AAL
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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