Investors sold shares of American Airlines Group Inc (NASDAQ:AAL) on strength during trading hours on Tuesday. $19.75 million flowed into the stock on the tick-up and $39.23 million flowed out of the stock on the tick-down, for a money net flow of $19.48 million out of the stock. Of all stocks tracked, American Airlines Group had the 32nd highest net out-flow for the day. American Airlines Group traded up $0.14 for the day and closed at $51.72
A number of equities analysts have issued reports on AAL shares. Buckingham Research reaffirmed a “buy” rating on shares of American Airlines Group in a research note on Friday, October 27th. Citigroup raised their price objective on shares of American Airlines Group to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. BidaskClub raised shares of American Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Bank of America raised shares of American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $61.38.
The stock has a market capitalization of $24,750.00, a PE ratio of 13.23, a price-to-earnings-growth ratio of 1.11 and a beta of 0.96. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 5.73.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.77%. American Airlines Group’s dividend payout ratio is 10.23%.
In related news, Director Matthew J. Hart sold 35,182 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $51.90, for a total transaction of $1,825,945.80. Following the sale, the director now directly owns 33,258 shares in the company, valued at $1,726,090.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard C. Kraemer sold 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.71, for a total transaction of $158,130.00. Following the sale, the director now owns 53,229 shares in the company, valued at $2,805,700.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 302,416 shares of company stock worth $15,826,647. 0.69% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of AAL. Janus Henderson Group PLC raised its holdings in shares of American Airlines Group by 145.6% during the second quarter. Janus Henderson Group PLC now owns 45,427 shares of the airline’s stock worth $2,286,000 after acquiring an additional 26,929 shares during the period. Lord Abbett & CO. LLC increased its stake in American Airlines Group by 257.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 176,700 shares of the airline’s stock valued at $8,892,000 after buying an additional 127,200 shares during the last quarter. Shell Asset Management Co. increased its stake in American Airlines Group by 287.3% in the 3rd quarter. Shell Asset Management Co. now owns 26,043 shares of the airline’s stock valued at $924,000 after buying an additional 19,318 shares during the last quarter. Exane Derivatives increased its stake in American Airlines Group by 416.3% in the 3rd quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock valued at $123,000 after buying an additional 2,090 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in American Airlines Group in the 3rd quarter valued at $270,000. Institutional investors and hedge funds own 81.69% of the company’s stock.
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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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