Vanguard Capital Wealth Advisors acquired a new stake in American Airlines Group Inc (NASDAQ:AAL) in the fourth quarter, Holdings Channel reports. The firm acquired 5,486 shares of the airline’s stock, valued at approximately $285,000.
Other hedge funds have also made changes to their positions in the company. Alyeska Investment Group L.P. purchased a new position in American Airlines Group in the third quarter worth approximately $2,409,000. U S Global Investors Inc. lifted its stake in American Airlines Group by 1.7% in the third quarter. U S Global Investors Inc. now owns 302,245 shares of the airline’s stock worth $14,354,000 after acquiring an additional 5,014 shares during the last quarter. Toronto Dominion Bank lifted its stake in American Airlines Group by 9.4% in the fourth quarter. Toronto Dominion Bank now owns 165,521 shares of the airline’s stock worth $8,611,000 after acquiring an additional 14,213 shares during the last quarter. LMR Partners LLP purchased a new position in American Airlines Group in the third quarter worth approximately $12,241,000. Finally, Guardian Capital LP lifted its stake in American Airlines Group by 65.6% in the third quarter. Guardian Capital LP now owns 7,367 shares of the airline’s stock worth $350,000 after acquiring an additional 2,919 shares during the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.
A number of research analysts recently issued reports on AAL shares. Bank of America upgraded shares of American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Tuesday, January 9th. Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Buckingham Research boosted their price objective on shares of American Airlines Group from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Stephens restated a “hold” rating and set a $62.00 price objective on shares of American Airlines Group in a research report on Wednesday, January 10th. Finally, Citigroup boosted their price objective on shares of American Airlines Group to $65.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. American Airlines Group presently has a consensus rating of “Buy” and a consensus price target of $61.74.
In related news, CEO W Douglas Parker sold 224,572 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total value of $11,749,607.04. Following the sale, the chief executive officer now directly owns 1,925,242 shares of the company’s stock, valued at approximately $100,728,661.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Matthew J. Hart sold 35,182 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 33,258 shares in the company, valued at $1,726,090.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 302,416 shares of company stock worth $15,826,647. Corporate insiders own 0.69% of the company’s stock.
American Airlines Group Inc (AAL) opened at $54.62 on Tuesday. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.61 and a quick ratio of 0.52. The stock has a market cap of $26,211.88, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 0.50 and a beta of 0.93. American Airlines Group Inc has a 12 month low of $39.21 and a 12 month high of $59.08.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 25th. The airline reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.03. The company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. American Airlines Group had a net margin of 4.55% and a return on equity of 63.78%. American Airlines Group’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. equities research analysts anticipate that American Airlines Group Inc will post 5.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, February 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.73%. American Airlines Group’s dividend payout ratio (DPR) is presently 10.23%.
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American Airlines Group 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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