Columbia Partners L L C Investment Management cut its position in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 35.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,195 shares of the airline’s stock after selling 7,270 shares during the period. Columbia Partners L L C Investment Management’s holdings in American Airlines Group were worth $558,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Holderness Investments Co. increased its stake in American Airlines Group by 2.5% in the first quarter. Holderness Investments Co. now owns 6,112 shares of the airline’s stock worth $259,000 after buying an additional 151 shares in the last quarter. LMR Partners LLP increased its stake in American Airlines Group by 1.6% in the first quarter. LMR Partners LLP now owns 21,540 shares of the airline’s stock worth $911,000 after buying an additional 329 shares in the last quarter. Pacer Advisors Inc. increased its stake in American Airlines Group by 3.5% in the first quarter. Pacer Advisors Inc. now owns 15,459 shares of the airline’s stock worth $654,000 after buying an additional 520 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in American Airlines Group by 2.6% in the first quarter. Thrivent Financial For Lutherans now owns 21,377 shares of the airline’s stock worth $915,000 after buying an additional 550 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its position in shares of American Airlines Group by 1.3% in the first quarter. Hennessy Advisors Inc. now owns 46,500 shares of the airline’s stock worth $1,967,000 after buying an additional 600 shares during the period. Institutional investors own 81.43% of the company’s stock.
Shares of American Airlines Group, Inc. (AAL) traded up 0.98% during trading on Friday, reaching $50.49. 9,153,445 shares of the company traded hands. American Airlines Group, Inc. has a 12-month low of $33.00 and a 12-month high of $54.48. The firm’s 50 day moving average is $50.77 and its 200-day moving average is $46.70. The stock has a market capitalization of $24.62 billion, a P/E ratio of 12.53 and a beta of 0.97.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping the 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 business had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. During the same quarter in the previous year, the firm posted $1.77 earnings per share. American Airlines Group’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that American Airlines Group, Inc. will post $5.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 14th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.79%. American Airlines Group’s payout ratio is currently 9.88%.
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A number of equities analysts have weighed in on AAL shares. Vetr raised American Airlines Group from a “hold” rating to a “buy” rating and set a $49.75 price target on the stock in a research report on Monday, April 24th. BidaskClub raised American Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Imperial Capital restated an “in-line” rating and set a $43.00 price objective on shares of American Airlines Group in a report on Friday, May 19th. J P Morgan Chase & Co cut American Airlines Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $59.00 to $52.00 in a report on Thursday, April 27th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $52.00 target price on shares of American Airlines Group in a research note on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $50.10.
In other news, VP Derek J. Kerr sold 104,223 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $50.00, for a total value of $5,211,150.00. Following the transaction, the vice president now owns 591,195 shares in the company, valued at $29,559,750. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James F. Albaugh bought 3,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The stock was purchased at an average price of $43.85 per share, for a total transaction of $131,550.00. Following the purchase, the director now owns 14,737 shares of the company’s stock, valued at approximately $646,217.45. The disclosure for this purchase can be found here. Insiders have sold 161,480 shares of company stock worth $7,999,471 in the last three months. 0.64% of the stock is currently owned by insiders.
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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