Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of American Airlines Group Inc (NASDAQ:AAL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 78,779 shares of the airline’s stock, valued at approximately $3,252,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. United Capital Financial Advisers LLC lifted its stake in American Airlines Group by 31.7% during the first quarter. United Capital Financial Advisers LLC now owns 10,885 shares of the airline’s stock worth $566,000 after purchasing an additional 2,620 shares during the last quarter. LPL Financial LLC lifted its stake in American Airlines Group by 5.3% during the first quarter. LPL Financial LLC now owns 83,430 shares of the airline’s stock worth $4,335,000 after purchasing an additional 4,207 shares during the last quarter. CIBC World Markets Inc. lifted its stake in American Airlines Group by 198.0% during the first quarter. CIBC World Markets Inc. now owns 37,005 shares of the airline’s stock worth $1,923,000 after purchasing an additional 24,587 shares during the last quarter. Principal Financial Group Inc. lifted its stake in American Airlines Group by 0.3% during the first quarter. Principal Financial Group Inc. now owns 634,326 shares of the airline’s stock worth $32,960,000 after purchasing an additional 1,648 shares during the last quarter. Finally, New England Research & Management Inc. lifted its stake in American Airlines Group by 209.3% during the second quarter. New England Research & Management Inc. now owns 15,812 shares of the airline’s stock worth $600,000 after purchasing an additional 10,700 shares during the last quarter. Institutional investors own 82.43% of the company’s stock.
In other news, Director John T. Cahill purchased 25,000 shares of the business’s stock in a transaction dated Monday, October 29th. The stock was bought at an average cost of $33.47 per share, with a total value of $836,750.00. Following the purchase, the director now directly owns 6,531 shares of the company’s stock, valued at $218,592.57. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 25th. The airline reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. American Airlines Group had a return on equity of 568.86% and a net margin of 3.06%. The firm had revenue of $11.56 billion during the quarter, compared to analyst estimates of $11.55 billion. On average, analysts anticipate that American Airlines Group Inc will post 4.45 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Monday, November 5th. American Airlines Group’s dividend payout ratio (DPR) is presently 8.20%.
Several equities analysts recently issued reports on the company. BidaskClub upgraded American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 12th. Zacks Investment Research lowered American Airlines Group from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. ValuEngine lowered American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Bank of America dropped their target price on American Airlines Group from $61.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, October 10th. Finally, Morgan Stanley set a $37.00 target price on American Airlines Group and gave the stock a “hold” rating in a research report on Thursday, October 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $50.47.
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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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