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.
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.
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
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.
- Get a free copy of the StockNews.com research report on American Airlines Group (AAL)
- CVS Health is Growing into an Integrated Healthcare Organization
- NVIDIA Outlook Improving: Watchlist Candidate for 2023
- Is C3.ai Stock a ChatGPT Artificial Intelligence Play?
- Which Wireless Stock Should You Buy in 2023?
- Is Virgin Galactic Stock Preparing for Lift-Off?
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.