Stoneridge Investment Partners LLC Takes $1.91 Million Position in American Airlines Group Inc (AAL)

Stoneridge Investment Partners LLC acquired a new stake in American Airlines Group Inc (NASDAQ:AAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 59,546 shares of the airline’s stock, valued at approximately $1,912,000.

Several other hedge funds have also added to or reduced their stakes in the company. Capital Investment Advisory Services LLC purchased a new stake in shares of American Airlines Group in the fourth quarter valued at about $32,000. Financial Gravity Companies Inc. purchased a new stake in shares of American Airlines Group in the fourth quarter valued at about $44,000. LS Investment Advisors LLC grew its holdings in shares of American Airlines Group by 38.5% in the fourth quarter. LS Investment Advisors LLC now owns 18,279 shares of the airline’s stock valued at $587,000 after purchasing an additional 5,077 shares during the period. Financial Architects Inc purchased a new stake in shares of American Airlines Group in the fourth quarter valued at about $241,000. Finally, Creative Planning grew its holdings in shares of American Airlines Group by 133.3% in the fourth quarter. Creative Planning now owns 511,754 shares of the airline’s stock valued at $16,432,000 after purchasing an additional 292,353 shares during the period. 82.04% of the stock is currently owned by institutional investors and hedge funds.

AAL stock traded up $0.36 during mid-day trading on Monday, hitting $36.36. 1,748,025 shares of the company were exchanged, compared to its average volume of 8,592,206. The firm has a market cap of $16.79 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 1.18 and a beta of 1.59. American Airlines Group Inc has a 12-month low of $28.81 and a 12-month high of $57.44.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.03. The company had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.94 billion. American Airlines Group had a net margin of 3.17% and a negative return on equity of 322.87%. American Airlines Group’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 earnings per share. As a group, sell-side analysts anticipate that American Airlines Group Inc will post 6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Wednesday, February 6th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, February 5th. American Airlines Group’s dividend payout ratio (DPR) is presently 8.79%.

In other American Airlines Group news, Director Jeffrey D. Benjamin acquired 15,000 shares of the stock in a transaction dated Monday, November 19th. The stock was acquired at an average price of $35.69 per share, with a total value of $535,350.00. Following the completion of the purchase, the director now owns 22,146 shares in the company, valued at approximately $790,390.74. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

A number of brokerages recently issued reports on AAL. Zacks Investment Research reissued a “hold” rating on shares of American Airlines Group in a report on Monday, November 12th. Argus began coverage on shares of American Airlines Group in a report on Friday. They issued a “hold” rating and a $36.00 price objective for the company. Vertical Research began coverage on shares of American Airlines Group in a report on Monday, February 4th. They issued a “hold” rating for the company. ValuEngine raised shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 31st. Finally, Cowen reissued an “outperform” rating and issued a $42.00 price objective (down previously from $43.00) on shares of American Airlines Group in a report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $47.24.

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About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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