American Airlines Group Inc (NASDAQ:AAL) VP Derek J. Kerr sold 39,662 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.77, for a total transaction of $2,092,963.74. Following the sale, the vice president now directly owns 429,046 shares in the company, valued at $22,640,757.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of American Airlines Group Inc (NASDAQ AAL) traded up $0.78 during trading hours on Wednesday, reaching $50.87. 3,758,000 shares of the company were exchanged, compared to its average volume of 5,588,645. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.61 and a quick ratio of 0.52. American Airlines Group Inc has a 12-month low of $39.21 and a 12-month high of $59.08. The company has a market capitalization of $24,320.00, a PE ratio of 13.12, a PEG ratio of 1.08 and a beta of 0.96.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 25th. The airline reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.03. American Airlines Group had a net margin of 4.55% and a return on equity of 63.78%. The company had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. equities analysts anticipate that American Airlines Group Inc will post 5.8 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Monday, February 5th. American Airlines Group’s dividend payout ratio (DPR) is 10.23%.
A number of hedge funds have recently added to or reduced their stakes in the business. LSV Asset Management boosted its holdings in American Airlines Group by 1.1% during the fourth quarter. LSV Asset Management now owns 3,758,992 shares of the airline’s stock valued at $195,580,000 after acquiring an additional 42,460 shares during the period. Boston Partners boosted its holdings in American Airlines Group by 3.8% during the fourth quarter. Boston Partners now owns 2,484,614 shares of the airline’s stock valued at $129,274,000 after acquiring an additional 91,833 shares during the period. Hosking Partners LLP boosted its holdings in American Airlines Group by 0.4% during the third quarter. Hosking Partners LLP now owns 2,344,886 shares of the airline’s stock valued at $111,359,000 after acquiring an additional 9,522 shares during the period. Gendell Jeffrey L boosted its holdings in American Airlines Group by 18.7% during the fourth quarter. Gendell Jeffrey L now owns 1,772,696 shares of the airline’s stock valued at $92,233,000 after acquiring an additional 278,943 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in American Airlines Group by 2.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,591,044 shares of the airline’s stock valued at $82,783,000 after acquiring an additional 42,130 shares during the period. Institutional investors own 80.93% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. BidaskClub downgraded shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Friday, November 10th. Citigroup upped their price target on shares of American Airlines Group to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Bank of America raised shares of American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Tuesday, January 9th. Stephens reaffirmed a “hold” rating and issued a $62.00 price target on shares of American Airlines Group in a research note on Wednesday, January 10th. Finally, Buckingham Research upped their price target on shares of American Airlines Group from $71.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $61.38.
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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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