Stratos Wealth Advisors LLC bought a new stake in American Airlines Group Inc. (NASDAQ:AAL – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 11,420 shares of the airline’s stock, valued at approximately $128,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Praxis Investment Management Inc. lifted its holdings in shares of American Airlines Group by 178.7% in the 2nd quarter. Praxis Investment Management Inc. now owns 38,460 shares of the airline’s stock worth $432,000 after acquiring an additional 24,660 shares during the last quarter. Triton Wealth Management PLLC acquired a new position in shares of American Airlines Group in the 2nd quarter worth approximately $322,000. Bayforest Capital Ltd acquired a new position in shares of American Airlines Group in the 2nd quarter worth approximately $126,000. Perfromance Wealth Partners LLC lifted its holdings in shares of American Airlines Group by 48.8% in the 2nd quarter. Perfromance Wealth Partners LLC now owns 30,115 shares of the airline’s stock worth $338,000 after acquiring an additional 9,875 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of American Airlines Group in the 2nd quarter worth approximately $418,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.
American Airlines Group Stock Up 2.6%
Shares of AAL opened at $12.17 on Tuesday. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The firm’s 50 day moving average price is $12.46 and its 200 day moving average price is $11.56. The company has a market cap of $8.03 billion, a P/E ratio of 15.21, a PEG ratio of 3.83 and a beta of 1.36.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of American Airlines Group from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, September 26th. Barclays upped their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. The Goldman Sachs Group upped their target price on shares of American Airlines Group from $8.00 to $10.00 and gave the stock a “sell” rating in a research note on Wednesday, August 27th. Susquehanna upped their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Finally, Jefferies Financial Group upped their target price on shares of American Airlines Group from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.59.
View Our Latest Analysis on American Airlines Group
American Airlines Group 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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