The Vanguard Group, Inc. recently announced the acquisition of new stake in American Airlines Group Inc (NASDAQ:AAL). The institutional investor has increased its shareholding in the Industrials company by 0.79% to 76.88 million shares with purchase of 0.61 million shares. This fresh investment now brings its stake to 11.76% valued currently at $1.06 billion. In addition, BlackRock Fund Advisors raised its holdings by 0.47 million to 31.73 million shares. And Renaissance Technologies LLC has lifted its position by 31.13% or 5.33 million shares – to 22.43 million shares.
Currently, there are 654.27M common shares owned by the public and among those 643.77M shares have been available to trade.
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Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 3,034,596 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 469,973 shares.
The top 3 mutual fund holders in American Airlines Group Inc are Vanguard Total Stock Market ETF, Vanguard PRIMECAP Fund, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market ETF owns 20.38 million shares of the company’s stock, all valued at over $279.99 million. The company bought an additional 12133.0 shares recently to bring their total holdings to about 3.12% of the shares outstanding. Vanguard Small Cap Index Fund sold -0.28 million shares to bring its total holdings to over 16.64 million shares at a value of $228.68 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.55% of the shares outstanding.
However, the script later moved the day high at 15.84, down -1.50%. The company’s stock has a 5-day price change of 10.76% and 37.05% over the past three months. AAL shares are trading 10.12% year to date (YTD), with the 12-month market performance down to -6.95% lower. It has a 12-month low price of $10.86 and touched a high of $19.08 over the same period. AAL has an average intraday trading volume of 37.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.48%, 12.51%, and 6.47% respectively.
Institutional ownership of American Airlines Group Inc (NASDAQ: AAL) shares accounts for 60.06% of the company’s 654.27M shares outstanding. Mutual fund holders own 26.37%, while other institutional holders and individual stakeholders account for 33.78% and 1.97% respectively.
It has a market capitalization of $9.89B and a beta (3y monthly) value of 1.57. The stock’s trailing 12-month PE ratio is 13.91, while the earnings-per-share (ttm) stands at $1.09. The company has a PEG of 0.29 and a Quick Ratio of 0.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.46% over the week and 3.44% over the month.
Analysts forecast that American Airlines Group Inc (AAL) will achieve an EPS of $American Airlines Group, Inc. for the current quarter, $15.13 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Delta Air Lines, Inc. while analysts give the company a high EPS estimate of $United Airlines Holdings, Inc.. Comparatively, EPS for the current quarter was $Halliburton Company a year ago. Earnings per share for the fiscal year are expected to decrease by -13.30%, and 36.33% over the next financial year. EPS should grow at an annualized rate of 48.70% over the next five years, compared to -16.77% over the past 5-year period.
Looking at the support for the AAL, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on January 22, 2024, with the firm’s price target at $17.
