Alpha Cubed Investments LLC lowered its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 8.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,336 shares of the airline’s stock after selling 7,061 shares during the period. Alpha Cubed Investments LLC’s holdings in American Airlines Group were worth $3,690,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in AAL. Primecap Management Co. CA boosted its position in shares of American Airlines Group by 3.4% in the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock worth $1,977,349,000 after buying an additional 1,524,040 shares in the last quarter. BlackRock Inc. boosted its position in shares of American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock worth $1,210,114,000 after buying an additional 27,977,045 shares in the last quarter. FMR LLC boosted its position in shares of American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock worth $1,134,705,000 after buying an additional 9,667,389 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of American Airlines Group by 7.6% in the first quarter. Geode Capital Management LLC now owns 5,297,036 shares of the airline’s stock worth $223,815,000 after buying an additional 375,764 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of American Airlines Group by 14.3% in the first quarter. Bank of New York Mellon Corp now owns 4,304,358 shares of the airline’s stock worth $182,075,000 after buying an additional 539,307 shares in the last quarter. 81.22% of the stock is owned by institutional investors.
American Airlines Group, Inc. (AAL) opened at 45.55 on Friday. American Airlines Group, Inc. has a 52-week low of $33.90 and a 52-week high of $54.48. The firm has a market capitalization of $22.18 billion, a price-to-earnings ratio of 11.31 and a beta of 0.96. The company’s 50-day moving average price is $50.80 and its 200 day moving average price is $46.88. American Airlines Group also was the recipient of unusually large options trading on Thursday. Investors acquired 23,622 call options on the company. This is an increase of approximately 192% compared to the typical daily volume of 8,100 call options.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.05. The firm had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 earnings per share. Equities research analysts predict that American Airlines Group, Inc. will post $5.10 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, August 10th. American Airlines Group’s dividend payout ratio (DPR) is presently 9.88%.
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A number of analysts recently commented on AAL shares. Imperial Capital reiterated an “in-line” rating and set a $46.00 price objective on shares of American Airlines Group in a research report on Sunday, April 23rd. Vetr upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $49.75 price objective for the company in a research report on Monday, April 24th. J P Morgan Chase & Co cut American Airlines Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $59.00 to $52.00 in a research report on Thursday, April 27th. Deutsche Bank AG dropped their price objective on American Airlines Group from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, April 28th. Finally, Barclays PLC reiterated a “hold” rating and set a $58.00 price objective on shares of American Airlines Group in a research report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $53.45.
In other news, EVP Elise R. Eberwein sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $50.35, for a total transaction of $2,517,500.00. Following the completion of the sale, the executive vice president now owns 312,368 shares in the company, valued at $15,727,728.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Derek J. Kerr sold 104,223 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $50.00, for a total value of $5,211,150.00. Following the sale, the vice president now owns 591,195 shares of the company’s stock, valued at approximately $29,559,750. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,623 shares of company stock worth $9,869,666. Company insiders own 0.64% of the company’s stock.
American Airlines Group Company 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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