Janney Montgomery Scott LLC boosted its stake in American Airlines Group Inc (NASDAQ:AAL) by 40.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,598 shares of the airline’s stock after acquiring an additional 10,037 shares during the period. Janney Montgomery Scott LLC’s holdings in American Airlines Group were worth $1,643,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Beach Investment Management LLC. lifted its holdings in American Airlines Group by 951.9% in the 2nd quarter. Beach Investment Management LLC. now owns 175,777 shares of the airline’s stock worth $8,845,000 after purchasing an additional 159,067 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of American Airlines Group by 12,631.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 12,095 shares of the airline’s stock worth $609,000 after acquiring an additional 12,000 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of American Airlines Group by 4.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,608,718 shares of the airline’s stock worth $80,951,000 after acquiring an additional 72,210 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of American Airlines Group by 42.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,106 shares of the airline’s stock worth $2,219,000 after acquiring an additional 13,165 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its holdings in shares of American Airlines Group by 9.2% during the 2nd quarter. State of Wisconsin Investment Board now owns 188,121 shares of the airline’s stock worth $9,466,000 after acquiring an additional 15,880 shares in the last quarter. 81.20% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO W Douglas Parker sold 224,572 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the completion of the transaction, the chief executive officer now directly owns 1,925,242 shares of the company’s stock, valued at approximately $100,728,661.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alberto Ibarguen sold 4,229 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $47.60, for a total value of $201,300.40. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.
Shares of American Airlines Group Inc (NASDAQ AAL) traded up $2.64 during trading hours on Thursday, hitting $56.42. The stock had a trading volume of 11,339,558 shares, compared to its average volume of 4,280,000. American Airlines Group Inc has a 12-month low of $39.21 and a 12-month high of $57.00. The firm has a market capitalization of $27,000.00, a price-to-earnings ratio of 14.36 and a beta of 0.99. The company has a debt-to-equity ratio of 5.63, a current ratio of 0.65 and a quick ratio of 0.57.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.02. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The firm had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.88 billion. During the same quarter last year, the business posted $2.80 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. analysts forecast that American Airlines Group Inc will post 4.66 earnings per share for the current year.
Several analysts recently weighed in on the company. Buckingham Research increased their price target on American Airlines Group from $66.00 to $71.00 and gave the company a “buy” rating in a report on Thursday. Citigroup upped their price objective on American Airlines Group to $65.00 and gave the company a “buy” rating in a research report on Thursday. Imperial Capital reaffirmed an “in-line” rating and issued a $53.00 price objective (up previously from $47.00) on shares of American Airlines Group in a research report on Thursday. BidaskClub raised American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, Bank of America upgraded American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. American Airlines Group currently has a consensus rating of “Buy” and a consensus price target of $60.35.
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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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