Comerica Bank Grows Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Comerica Bank increased its position in shares of American Airlines Group Inc. (NASDAQ:AALGet Rating) by 2.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 90,586 shares of the airline’s stock after purchasing an additional 2,327 shares during the quarter. Comerica Bank’s holdings in American Airlines Group were worth $1,277,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ronald Blue Trust Inc. purchased a new stake in shares of American Airlines Group during the 2nd quarter valued at approximately $26,000. SeaCrest Wealth Management LLC purchased a new stake in shares of American Airlines Group during the 2nd quarter valued at approximately $28,000. FinTrust Capital Advisors LLC raised its position in shares of American Airlines Group by 84.9% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 2,178 shares of the airline’s stock valued at $30,000 after buying an additional 1,000 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of American Airlines Group during the 3rd quarter valued at approximately $31,000. Finally, Truvestments Capital LLC purchased a new stake in shares of American Airlines Group during the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 54.84% of the company’s stock.

American Airlines Group Stock Down 1.0 %

NASDAQ:AAL opened at $16.17 on Tuesday. The company has a fifty day simple moving average of $14.12 and a two-hundred day simple moving average of $13.92. The company has a market cap of $10.51 billion, a price-to-earnings ratio of -6.24 and a beta of 1.47. American Airlines Group Inc. has a 52 week low of $11.65 and a 52 week high of $21.42.

Wall Street Analyst Weigh In

AAL has been the topic of several analyst reports. 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. The Goldman Sachs Group assumed coverage on American Airlines Group in a research report on Friday, December 16th. They issued a “neutral” rating and a $13.00 target price on the stock. Bank of America cut their target price on American Airlines Group from $8.00 to $7.00 and set an “underperform” rating on the stock in a research report on Thursday, October 6th. Cowen cut their target price on American Airlines Group to $18.00 in a research report on Thursday, October 27th. Finally, Citigroup boosted their target price on American Airlines Group to $19.00 in a research report on Tuesday, January 17th. 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.50.

Insiders Place Their Bets

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

American Airlines Group Profile

(Get Rating)

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.

See Also

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

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