American Airlines Group Inc. (NASDAQ:AAL) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Get Rating) by 52.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,459 shares of the airline’s stock after purchasing an additional 20,364 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in American Airlines Group were worth $715,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ronald Blue Trust Inc. acquired a new stake in American Airlines Group in the second quarter valued at $26,000. FinTrust Capital Advisors LLC lifted its holdings in American Airlines Group by 84.9% in the third 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 period. SeaCrest Wealth Management LLC acquired a new stake in American Airlines Group in the second quarter valued at $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in American Airlines Group in the third quarter valued at $31,000. Finally, Covestor Ltd lifted its holdings in American Airlines Group by 193.5% in the first quarter. Covestor Ltd now owns 2,721 shares of the airline’s stock valued at $50,000 after acquiring an additional 1,794 shares during the period. 54.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Airlines Group

In related news, EVP Vasu Raja sold 12,775 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 54,381 shares of the company’s stock, valued at approximately $752,633.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com assumed coverage on American Airlines Group in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Barclays dropped their price target on American Airlines Group from $17.00 to $14.00 in a research report on Wednesday, October 12th. Citigroup raised their price target on American Airlines Group to $19.00 in a research report on Tuesday, January 17th. Evercore ISI raised their price target on American Airlines Group to $17.00 in a research report on Friday, January 13th. Finally, Bank of America dropped their price target on American Airlines Group from $8.00 to $7.00 and set an “underperform” rating for the company in a research report on Thursday, October 6th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, American Airlines Group has a consensus rating of “Hold” and an average target price of $17.50.

American Airlines Group Trading Up 0.4 %

Shares of NASDAQ AAL opened at $16.34 on Monday. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of -6.31 and a beta of 1.47. The business has a 50 day simple moving average of $14.09 and a 200-day simple moving average of $13.91. American Airlines Group Inc. has a twelve month low of $11.65 and a twelve month high of $21.42.

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

About American Airlines Group

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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.