10 Best Mid Cap Value Stocks To Invest In

4. American Airlines Group Inc. (NASDAQ:AAL)

Number of Hedge Fund Holders: 38

Market Capitalization as of October 28, 2024: $9.04 Billion

Forward P/E as of October 28, 2024: 8.72

American Airlines Group Inc. (NASDAQ:AAL) is one of the major airline companies in the United States, headquartered in Texas. The company offers a thousand flights every day to over 350 destinations in more than 60 countries. The company was founded 95 years ago and now has over 130,000 employees from across the globe.

In the third quarter of 2024, American Airlines Group Inc. (NASDAQ:AAL) logged $13.6 billion in revenue and ended the quarter with $11.8 billion in total available liquidity, comprising cash and short-term investments. The company’s financial results stem from its reliable operations and effective cost management structures. In addition to that, the company worked to improve its balance sheet during Q3 2024. American Airlines Group reduced its total debt by almost $360 million, an incredible feat towards its goal of reducing total debt by $15 billion by the end of 2025.

AAL’s integrated operations center (IOC) provides customer support every second of the day and facilitates almost 6,000 mainline and regional flights every day, and over 1 million mainline flights annually. In addition to that, its IOC serves as the backbone of the business, where team members work together to ensure safety and service for nearly 200 million annual customers.

Overall, American Airlines Group Inc. (NASDAQ:AAL) is one of the best mid-cap value stocks to invest in because of its popularity among customers. Its commercial strategy and immense focus on customer feedback makes it easier for AAL to capture a wider market. The company is also engaged in improving its sales and distribution strategy which is expected to promise significant revenue growth.