American Airlines Group Inc. (NASDAQ:AAL) Shares Acquired by Truist Financial Corp

Truist Financial Corp lifted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Get Rating) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,629 shares of the airline’s stock after purchasing an additional 945 shares during the quarter. Truist Financial Corp’s holdings in American Airlines Group were worth $550,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AAL. Ronald Blue Trust Inc. acquired a new position in shares of American Airlines Group during the 2nd quarter worth approximately $26,000. SeaCrest Wealth Management LLC acquired a new position in American Airlines Group in the 2nd quarter valued at $28,000. FinTrust Capital Advisors LLC raised its holdings in American Airlines Group by 84.9% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 2,178 shares of the airline’s stock valued at $30,000 after acquiring an additional 1,000 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in American Airlines Group in the 3rd quarter valued at $31,000. Finally, Truvestments Capital LLC acquired a new position in American Airlines Group in the 2nd quarter valued at $38,000. 54.84% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

Shares of AAL stock opened at $16.34 on Monday. American Airlines Group Inc. has a 1 year low of $11.65 and a 1 year high of $21.42. The stock has a fifty day moving average of $14.09 and a two-hundred day moving average of $13.91. The firm has a market capitalization of $10.62 billion, a PE ratio of -6.31 and a beta of 1.47.

American Airlines Group (NASDAQ:AAL – Get Rating) last announced its quarterly earnings results on Thursday, October 20th. The airline reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.15. The business had revenue of $13.46 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same quarter last year, the firm posted ($0.99) EPS. The company’s revenue was up 50.1% compared to the same quarter last year. Equities research analysts predict that American Airlines Group Inc. will post 0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AAL. Cowen decreased their price target on shares of American Airlines Group to $18.00 in a research report on Thursday, October 27th. StockNews.com started coverage on shares of American Airlines Group in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Morgan Stanley reduced their price target on shares of American Airlines Group from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, December 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of American Airlines Group from $25.00 to $20.00 in a research report on Tuesday, December 20th. Finally, Barclays reduced their price target on shares of American Airlines Group from $17.00 to $14.00 in a research report on Wednesday, October 12th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, American Airlines Group has an average rating of “Hold” and an average target price of $17.50.

Insider Activity

In other news, EVP Vasu Raja sold 12,775 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $13.84, for a total value of $176,806.00. Following the completion of the sale, the executive vice president now owns 54,381 shares in the company, valued at $752,633.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.78% of the company’s stock.

American Airlines Group Company Profile

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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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.