Hosking Partners LLP Sells 66,980 Shares of American Airlines Group Inc. $AAL

Hosking Partners LLP lowered its holdings in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 6.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 933,294 shares of the airline’s stock after selling 66,980 shares during the quarter. Hosking Partners LLP’s holdings in American Airlines Group were worth $12,478,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AAL. Primecap Management Co. CA acquired a new stake in American Airlines Group during the second quarter valued at approximately $1,278,144,000. BlackRock Inc. bought a new stake in American Airlines Group during the second quarter worth approximately $1,144,739,000. Renaissance Technologies LLC grew its position in American Airlines Group by 569.4% in the first 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 last quarter. Dimensional Fund Advisors LP grew its position in American Airlines Group by 2.2% in 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. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in American Airlines Group in the second quarter worth approximately $119,628,000. 52.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Angela Owens sold 40,077 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $15.26, for a total value of $611,575.02. Following the completion of the sale, the senior vice president owned 178,799 shares in the company, valued at $2,728,472.74. This represents a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by insiders.

American Airlines Group Stock Performance

American Airlines Group stock opened at $12.23 on Thursday. The company has a 50 day moving average price of $13.18 and a 200 day moving average price of $13.92. American Airlines Group Inc. has a 52 week low of $10.09 and a 52 week high of $18.79. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of -24.96 and a beta of 1.37.

American Airlines Group (NASDAQ:AAL – Get Free Report) last posted 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. American Airlines Group had a negative net margin of 0.56% and a negative return on equity of 9.11%. The firm had revenue of $16.73 billion for the quarter, compared to analysts’ expectations of $16.70 billion. During the same period in the previous year, the company posted $0.95 EPS. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. Equities analysts forecast that American Airlines Group Inc. will post -0.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AAL shares. Wall Street Zen cut American Airlines Group from a “hold” rating to a “sell” rating in a report on Saturday, October 10th. Sanford C. Bernstein set a $19.00 price objective on American Airlines Group in a research note on Tuesday. Susquehanna reduced their price objective on American Airlines Group from $20.00 to $15.00 and set a “positive” rating for the company in a research note on Wednesday, October 7th. Wells Fargo & Company decreased their target price on American Airlines Group from $17.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Finally, The Goldman Sachs Group cut their target price on American Airlines Group from $13.00 to $11.00 and set a “sell” rating on the stock in a research report on Friday, October 2nd. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.41.

Check Out Our Latest Research Report on American Airlines Group

Key American Airlines Group News

Here are the key news stories impacting American Airlines Group this week:

  • Positive Sentiment: Airline stocks are benefiting from improving revenue expectations. United Airlines’ forecast for record revenue helped outweigh higher fuel costs, creating a positive read-through for American Airlines and contributing to gains across the sector. United Airlines revenue forecast article
  • Positive Sentiment: American Airlines is scheduled to report third-quarter results before the market opens on October 22. Analysts expect strong bookings and revenue growth, which could support the stock if the results and outlook exceed expectations. American Airlines Q3 earnings preview
  • Positive Sentiment: Analysts’ consensus price target of $17.41 remains well above recent trading levels, indicating substantial potential upside if American delivers on its earnings and operating outlook. American Airlines consensus price target
  • Neutral Sentiment: American Airlines previously advanced alongside other carriers as crude oil prices eased, highlighting the stock’s sensitivity to fuel-cost movements. Airline stocks and oil prices article
  • Negative Sentiment: Brent crude recently moved above $110 per barrel, threatening to raise American’s fuel bill and offset strong passenger demand, revenue growth and bookings. Investors will closely watch fuel expense and management guidance in the earnings release. Jet fuel test for Southwest and American Airlines
  • Negative Sentiment: Options activity was unusually defensive, with investors purchasing 119,587 put options—about 43% above average daily volume—suggesting heightened concern about downside protection ahead of earnings.

About American Airlines Group

(Free Report)

American Airlines Group Inc is a holding company whose principal subsidiary, American Airlines, provides scheduled passenger air transportation and air cargo services. The company operates a large mainline network under the American Airlines brand and offers regional service through carriers operating as American Eagle. Its services include domestic and international flights, connecting passengers through a network of hubs and focus cities.

American Airlines serves destinations throughout the United States, as well as markets in Canada, Mexico, the Caribbean, Central and South America, Europe, Asia and other international regions.

Further Reading

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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