Guggenheim Capital LLC lessened its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 10.4% in the first quarter, Holdings Channel reports. The fund owned 786,609 shares of the airline’s stock after selling 91,661 shares during the quarter. Guggenheim Capital LLC’s holdings in American Airlines Group were worth $40,870,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in AAL. Johnson Financial Group Inc. purchased a new stake in shares of American Airlines Group in the fourth quarter valued at $127,000. Focused Wealth Management Inc purchased a new stake in shares of American Airlines Group in the fourth quarter valued at $151,000. Kings Point Capital Management purchased a new stake in shares of American Airlines Group in the fourth quarter valued at $190,000. Bray Capital Advisors purchased a new stake in shares of American Airlines Group in the first quarter valued at $190,000. Finally, Delpha Capital Management LLC purchased a new stake in shares of American Airlines Group in the fourth quarter valued at $191,000. Institutional investors own 80.66% of the company’s stock.
A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded American Airlines Group to a “buy” rating in a report on Monday, April 30th. Zacks Investment Research lowered American Airlines Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Imperial Capital cut their price objective on American Airlines Group from $53.00 to $49.00 and set a “line” rating for the company in a report on Friday, April 27th. BidaskClub lowered American Airlines Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Finally, ValuEngine lowered American Airlines Group from a “buy” rating to a “hold” rating in a report on Friday, April 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. American Airlines Group currently has an average rating of “Buy” and a consensus target price of $61.03.
In other American Airlines Group news, President Robert D. Isom, Jr. sold 5,000 shares of the stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $46.72, for a total transaction of $233,600.00. Following the transaction, the president now directly owns 675,276 shares of the company’s stock, valued at $31,548,894.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Robert D. Isom, Jr. sold 10,000 shares of the stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00. Following the transaction, the president now directly owns 646,205 shares in the company, valued at $29,079,225. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.
American Airlines Group stock opened at $41.49 on Friday. The company has a debt-to-equity ratio of -21.56, a quick ratio of 0.48 and a current ratio of 0.57. The firm has a market cap of $19.68 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 0.67 and a beta of 0.98. American Airlines Group Inc has a one year low of $40.65 and a one year high of $59.08.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, April 26th. The airline reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The firm had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.41 billion. American Airlines Group had a net margin of 4.35% and a return on equity of 92.63%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. sell-side analysts predict that American Airlines Group Inc will post 5.28 EPS for the current fiscal year.
American Airlines Group Company Profile
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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