Hodges Capital Management Inc. raised its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 39.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 544,007 shares of the airline’s stock after buying an additional 155,063 shares during the period. American Airlines Group accounts for approximately 1.1% of Hodges Capital Management Inc.’s portfolio, making the stock its 27th largest position. Hodges Capital Management Inc.’s holdings in American Airlines Group were worth $23,011,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in AAL. DUPONT CAPITAL MANAGEMENT Corp raised its stake in shares of American Airlines Group by 8.1% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 324,463 shares of the airline’s stock valued at $11,879,000 after buying an additional 24,181 shares in the last quarter. Hellman Jordan Management Co. Inc. MA purchased a new position in American Airlines Group during the third quarter valued at $1,532,000. Wellington Shields & Co. LLC increased its position in American Airlines Group by 32.5% in the third quarter. Wellington Shields & Co. LLC now owns 81,600 shares of the airline’s stock valued at $2,987,000 after buying an additional 20,000 shares during the last quarter. NEXT Financial Group Inc increased its position in American Airlines Group by 483.2% in the third quarter. NEXT Financial Group Inc now owns 18,078 shares of the airline’s stock valued at $662,000 after buying an additional 14,978 shares during the last quarter. Finally, Todd Asset Management LLC purchased a new position in American Airlines Group during the third quarter valued at $16,776,000. 76.78% of the stock is owned by hedge funds and other institutional investors.
Shares of American Airlines Group Inc (NASDAQ:AAL) traded up 1.28% on Friday, reaching $45.22. The company’s stock had a trading volume of 6,736,648 shares. The company has a market capitalization of $22.27 billion, a price-to-earnings ratio of 10.84 and a beta of 0.93. The company’s 50-day moving average is $44.25 and its 200 day moving average is $45.17. American Airlines Group Inc has a 12-month low of $24.85 and a 12-month high of $50.64.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, April 27th. The airline reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.62 billion. American Airlines Group had a return on equity of 86.54% and a net margin of 6.66%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.25 earnings per share. Equities analysts anticipate that American Airlines Group Inc will post $4.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Saturday, May 6th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, May 12th. American Airlines Group’s dividend payout ratio (DPR) is 8.37%.
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Several research firms have recently weighed in on AAL. Barclays PLC reiterated an “equal weight” rating on shares of American Airlines Group in a research note on Friday. Imperial Capital reiterated an “in-line” rating and set a $43.00 price target on shares of American Airlines Group in a research note on Friday. Cowen and Company reiterated an “outperform” rating on shares of American Airlines Group in a research note on Friday, April 14th. Vetr downgraded American Airlines Group from a “buy” rating to a “hold” rating and set a $46.04 price target for the company. in a research note on Wednesday, April 19th. Finally, JPMorgan Chase & Co. downgraded American Airlines Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $59.00 to $52.00 in a research note on Thursday, April 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $46.32.
In other American Airlines Group news, EVP Maya Leibman sold 9,455 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $46.79, for a total transaction of $442,399.45. Following the sale, the executive vice president now directly owns 165,884 shares in the company, valued at $7,761,712.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James F. Albaugh acquired 3,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were bought at an average price of $43.85 per share, for a total transaction of $131,550.00. Following the completion of the transaction, the director now owns 14,737 shares of the company’s stock, valued at $646,217.45. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 13,000 shares of company stock valued at $138,450. Corporate insiders own 0.64% of the company’s stock.
About American Airlines Group
American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.
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