Van ECK Associates Corp Has $316,000 Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Van ECK Associates Corp boosted its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 15.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,908 shares of the airline’s stock after purchasing an additional 3,749 shares during the period. Van ECK Associates Corp’s holdings in American Airlines Group were worth $316,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AAL. Truist Financial Corp raised its position in American Airlines Group by 7.1% in the 4th quarter. Truist Financial Corp now owns 30,880 shares of the airline’s stock valued at $424,000 after buying an additional 2,053 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of American Airlines Group by 53.9% in the fourth quarter. Victory Capital Management Inc. now owns 206,218 shares of the airline’s stock worth $2,833,000 after purchasing an additional 72,252 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in American Airlines Group by 5.2% during the fourth quarter. QRG Capital Management Inc. now owns 21,904 shares of the airline’s stock worth $301,000 after purchasing an additional 1,084 shares during the last quarter. Dimensional Fund Advisors LP grew its position in American Airlines Group by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,153,431 shares of the airline’s stock valued at $29,593,000 after purchasing an additional 82,537 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in American Airlines Group by 22.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 62,010 shares of the airline’s stock valued at $852,000 after buying an additional 11,337 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Evercore ISI decreased their price objective on American Airlines Group to $10.00 and set a “hold” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. decreased their price target on American Airlines Group from $21.00 to $15.00 in a research note on Friday, July 26th. Seaport Res Ptn cut American Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Jefferies Financial Group cut shares of American Airlines Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $17.00 to $12.00 in a research note on Wednesday, May 29th. Finally, HSBC started coverage on shares of American Airlines Group in a report on Monday, May 13th. They set a “buy” rating and a $17.90 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.73.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $10.80 on Monday. The stock has a 50 day simple moving average of $10.43 and a 200 day simple moving average of $12.52. The stock has a market cap of $7.09 billion, a P/E ratio of 18.00, a PEG ratio of 0.22 and a beta of 1.43. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts forecast that American Airlines Group Inc. will post 0.97 EPS for the current year.

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