Primecap Management Co. CA bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 70,732,954 shares of the airline’s stock, valued at approximately $1,278,144,000. Primecap Management Co. CA owned about 10.69% of American Airlines Group at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of American Airlines Group during the 2nd quarter worth about $1,144,739,000. Two Sigma Investments LP grew its holdings in American Airlines Group by 49.1% in the 3rd quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline’s stock valued at $153,660,000 after buying an additional 4,500,897 shares during the last quarter. Geode Capital Management LLC increased its position in American Airlines Group by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 12,803,168 shares of the airline’s stock worth $196,323,000 after buying an additional 159,844 shares during the period. Renaissance Technologies LLC increased its position in American Airlines Group by 569.4% in the 1st quarter. Renaissance Technologies LLC now owns 9,687,232 shares of the airline’s stock worth $104,041,000 after buying an additional 8,240,100 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of American Airlines Group by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 7,086,888 shares of the airline’s stock worth $76,098,000 after buying an additional 152,266 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on AAL shares. Bank of America increased their price objective on American Airlines Group from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. TD Cowen dropped their target price on shares of American Airlines Group from $24.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday. Susquehanna upped their target price on shares of American Airlines Group from $16.00 to $25.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. increased their price target on shares of American Airlines Group from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of American Airlines Group in a research report on Tuesday, June 30th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, American Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $18.86.
American Airlines Group Stock Up 2.3%
American Airlines Group stock opened at $13.95 on Wednesday. The business has a 50 day moving average price of $15.78 and a two-hundred day moving average price of $13.71. American Airlines Group Inc. has a 12 month low of $10.09 and a 12 month high of $18.79. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of -28.47 and a beta of 1.34.
American Airlines Group (NASDAQ:AAL – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The airline reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.12. The company had revenue of $16.73 billion for the quarter, compared to analyst estimates of $16.70 billion. American Airlines Group had a negative return on equity of 9.11% and a negative net margin of 0.56%.American Airlines Group’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 EPS. American Airlines Group has set its Q3 2026 guidance at -0.700–0.100 EPS and its FY 2026 guidance at -0.650-0.650 EPS.
Insiders Place Their Bets
In other news, COO David Seymour sold 56,456 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $1,016,208.00. Following the completion of the transaction, the chief operating officer owned 969,033 shares in the company, valued at approximately $17,442,594. This represents a 5.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Angela Owens sold 40,077 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $15.26, for a total transaction of $611,575.02. Following the transaction, the senior vice president directly owned 178,799 shares of the company’s stock, valued at $2,728,472.74. The trade was a 18.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 205,044 shares of company stock worth $3,407,451 in the last quarter. Corporate insiders own 0.70% of the company’s stock.
Key American Airlines Group News
Here are the key news stories impacting American Airlines Group this week:
- Positive Sentiment: Airline stocks received some support after United Airlines announced the largest international expansion in its history, including 10 new destinations for 2027. The announcement suggests carriers continue to see opportunities for international travel growth, and AAL participated in the broader sector strength. Why United Airlines Stock Is Flying Higher Than Delta and American Today
- Neutral Sentiment: TD Cowen cut its American Airlines price target from $24 to $16 but maintained a “buy” rating. The sharply lower target reflects reduced expectations, although the rating indicates analysts still see potential upside from current levels. TD Cowen Price Target Update
- Neutral Sentiment: Reported short interest was listed at zero shares, with an unusable change calculation and a zero-day short-interest ratio. Because the figures appear to be a data error, they provide no reliable signal about investor positioning. American Airlines Short Interest Update
- Negative Sentiment: United’s expanded JFK presence and new international routes could strengthen its competitive position against American, particularly in premium and long-haul markets. The development may increase pressure on AAL’s fares, market share, and future growth. United Airlines CEO Makes Big JFK Move
- Negative Sentiment: American Airlines reportedly reduced its fourth-quarter capacity forecast amid signs of slowing travel. Lower planned capacity can signal weaker demand or tighter revenue expectations, adding pressure after the company’s latest guidance pointed to continued earnings volatility. American Airlines Stock Falls After Q4 Capacity Forecast Reduced
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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