Public Employees Retirement System of Ohio cut its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 1.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 259,754 shares of the airline’s stock after selling 3,677 shares during the period. Public Employees Retirement System of Ohio owned about 0.05% of American Airlines Group worth $10,988,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Global X Management Co. LLC raised its position in American Airlines Group by 26.7% in the first quarter. Global X Management Co. LLC now owns 3,528 shares of the airline’s stock valued at $149,000 after buying an additional 743 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of American Airlines Group by 101.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,163 shares of the airline’s stock worth $176,000 after buying an additional 2,092 shares during the period. Shikiar Asset Management Inc. acquired a new position in shares of American Airlines Group during the first quarter worth about $207,000. Investment Centers of America Inc. raised its position in shares of American Airlines Group by 14.0% in the first quarter. Investment Centers of America Inc. now owns 5,348 shares of the airline’s stock worth $228,000 after buying an additional 655 shares during the period. Finally, Stratos Wealth Partners LTD. raised its position in shares of American Airlines Group by 17.4% in the first quarter. Stratos Wealth Partners LTD. now owns 5,464 shares of the airline’s stock worth $231,000 after buying an additional 810 shares during the period. 81.43% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group, Inc. (NASDAQ AAL) traded up 0.98% during trading on Friday, reaching $50.49. 9,153,445 shares of the company’s stock traded hands. American Airlines Group, Inc. has a 12 month low of $33.00 and a 12 month high of $54.48. The firm has a market cap of $24.87 billion, a PE ratio of 12.11 and a beta of 0.97. The firm has a 50 day moving average price of $50.77 and a 200-day moving average price of $46.70.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.47% and a return on equity of 81.88%. The firm had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. During the same period in the prior year, the company posted $1.77 EPS. The company’s revenue was up 7.2% on a year-over-year basis. On average, analysts forecast that American Airlines Group, Inc. will post $5.21 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. American Airlines Group’s dividend payout ratio (DPR) is presently 9.76%.
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A number of equities analysts recently issued reports on the company. BidaskClub lowered American Airlines Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. ValuEngine raised American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Morgan Stanley restated an “equal weight” rating and issued a $54.00 target price (up from $53.00) on shares of American Airlines Group in a research report on Monday, July 17th. Atlantic Securities started coverage on American Airlines Group in a research report on Tuesday, June 20th. They issued an “underweight” rating and a $56.00 target price for the company. Finally, Citigroup Inc. increased their price objective on American Airlines Group from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. American Airlines Group currently has a consensus rating of “Hold” and an average price target of $50.10.
In other news, VP Derek J. Kerr sold 104,223 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the completion of the sale, the vice president now directly owns 591,195 shares in the company, valued at $29,559,750. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James F. Albaugh bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were bought at an average cost of $43.85 per share, for a total transaction of $131,550.00. Following the completion of the purchase, 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. Over the last quarter, insiders have sold 161,480 shares of company stock valued at $7,999,471. 0.64% of the stock is currently owned by corporate insiders.
American Airlines Group Company Profile
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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