Voya Investment Management LLC Sells 146,443,712 Shares of American Airlines Group Inc. $AAL

by · The Cerbat Gem

Voya Investment Management LLC cut its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 99.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,825 shares of the airline’s stock after selling 146,443,712 shares during the quarter. Voya Investment Management LLC’s holdings in American Airlines Group were worth $1,796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC increased its holdings in American Airlines Group by 52.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 4,339 shares of the airline’s stock valued at $49,000 after acquiring an additional 1,500 shares during the last quarter. Laurel Wealth Advisors LLC increased its holdings in shares of American Airlines Group by 1,022.1% in the second quarter. Laurel Wealth Advisors LLC now owns 4,466 shares of the airline’s stock worth $50,000 after purchasing an additional 4,068 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of American Airlines Group in the second quarter worth about $65,000. Geneos Wealth Management Inc. boosted its stake in American Airlines Group by 11.3% during the first quarter. Geneos Wealth Management Inc. now owns 9,558 shares of the airline’s stock valued at $101,000 after buying an additional 969 shares during the last quarter. Finally, Rexford Capital Inc. purchased a new position in American Airlines Group during the 2nd quarter valued at approximately $115,000. Institutional investors own 52.44% of the company’s stock.

Wall Street Analysts Forecast Growth

AAL has been the topic of several research reports. UBS Group set a $20.00 price target on shares of American Airlines Group and gave the stock a “buy” rating in a research report on Friday, December 12th. BMO Capital Markets upgraded shares of American Airlines Group to a “hold” rating in a report on Tuesday, December 9th. Cowen reaffirmed a “buy” rating on shares of American Airlines Group in a report on Monday, October 27th. Jefferies Financial Group lifted their price target on American Airlines Group from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price objective on American Airlines Group from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.46.

Read Our Latest Stock Report on American Airlines Group

American Airlines Group Price Performance

Shares of NASDAQ AAL opened at $15.44 on Monday. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10. The firm has a 50-day simple moving average of $13.88 and a two-hundred day simple moving average of $12.69. The company has a market cap of $10.19 billion, a P/E ratio of 17.95, a PEG ratio of 2.17 and a beta of 1.26.

American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The airline reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.10. American Airlines Group had a negative return on equity of 18.14% and a net margin of 1.11%.The firm had revenue of $13.69 billion for the quarter, compared to the consensus estimate of $13.65 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. American Airlines Group has set its Q4 2025 guidance at 0.450-0.750 EPS and its FY 2025 guidance at 0.650-0.950 EPS. As a group, equities research analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current year.

American Airlines Group Company Profile

(Free Report)

American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world’s largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.

The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.

See Also

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