Daiwa Securities Group Inc. boosted its position in American Airlines Group, Inc. (NASDAQ:AAL) by 215.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,428 shares of the airline’s stock after buying an additional 21,478 shares during the period. Daiwa Securities Group Inc.’s holdings in American Airlines Group were worth $1,493,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of AAL. Bank of Montreal Can increased its position in American Airlines Group by 3.2% in the 2nd quarter. Bank of Montreal Can now owns 382,370 shares of the airline’s stock valued at $19,242,000 after buying an additional 11,906 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in American Airlines Group by 9.3% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 71,891 shares of the airline’s stock valued at $3,618,000 after purchasing an additional 6,138 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in American Airlines Group during the 2nd quarter valued at about $207,000. Mn Services Vermogensbeheer B.V. boosted its stake in American Airlines Group by 498.7% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 20,530 shares of the airline’s stock valued at $1,033,000 after purchasing an additional 17,101 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in American Airlines Group by 51.1% during the 2nd quarter. Eqis Capital Management Inc. now owns 10,984 shares of the airline’s stock valued at $553,000 after purchasing an additional 3,713 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.
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A number of equities analysts have issued reports on AAL shares. Morgan Stanley cut their price target on American Airlines Group from $52.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, September 1st. J P Morgan Chase & Co upgraded American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price target for the company in a research note on Wednesday, November 1st. Zacks Investment Research downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Citigroup Inc. reiterated a “buy” rating on shares of American Airlines Group in a research note on Wednesday, September 13th. Finally, Barclays PLC upgraded American Airlines Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $55.00 to $65.00 in a research note on Friday, September 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $58.47.
Shares of American Airlines Group, Inc. (NASDAQ:AAL) opened at $45.82 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63. American Airlines Group, Inc. has a 1-year low of $39.21 and a 1-year high of $54.48. The stock has a market cap of $21,924.82, a price-to-earnings ratio of 9.41 and a beta of 0.97.
American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The business had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.88 billion. During the same quarter in the previous year, the firm posted $2.80 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. equities research analysts forecast that American Airlines Group, Inc. will post 4.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.87%. American Airlines Group’s payout ratio is 10.18%.
In other American Airlines Group news, Director Ray M. Robinson sold 3,476 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction of $162,537.76. Following the sale, the director now owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.64% of the company’s stock.
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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