American Airlines Group Inc (AAL) Shares Bought by Rampart Investment Management Company LLC

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Rampart Investment Management Company LLC raised its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 96.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,429 shares of the airline’s stock after purchasing an additional 4,136 shares during the quarter. Rampart Investment Management Company LLC’s holdings in American Airlines Group were worth $172,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Canada Pension Plan Investment Board raised its stake in shares of American Airlines Group by 116.3% during the third quarter. Canada Pension Plan Investment Board now owns 201,410 shares of the airline’s stock worth $8,324,000 after acquiring an additional 108,300 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of American Airlines Group by 10.4% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 86,287 shares of the airline’s stock worth $3,275,000 after acquiring an additional 8,100 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of American Airlines Group during the second quarter worth approximately $1,063,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of American Airlines Group by 71.6% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 19,000 shares of the airline’s stock worth $785,000 after acquiring an additional 7,925 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of American Airlines Group by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 62,536 shares of the airline’s stock worth $2,583,000 after acquiring an additional 2,175 shares in the last quarter. Institutional investors and hedge funds own 81.16% of the company’s stock.

Shares of NASDAQ AAL opened at $32.41 on Friday. American Airlines Group Inc has a 52 week low of $30.24 and a 52 week high of $59.08. The firm has a market capitalization of $14.93 billion, a P/E ratio of 6.64, a PEG ratio of 0.93 and a beta of 1.15.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 25th. The airline reported $1.13 EPS for the quarter, topping the consensus estimate of $1.12 by $0.01. American Airlines Group had a net margin of 3.06% and a return on equity of 568.86%. The company had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $11.55 billion. As a group, analysts anticipate that American Airlines Group Inc will post 4.57 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Monday, November 5th. American Airlines Group’s payout ratio is 8.20%.

Several research firms have commented on AAL. Zacks Investment Research raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Thursday. ValuEngine downgraded shares of American Airlines Group from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Imperial Capital decreased their target price on shares of American Airlines Group from $56.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 10th. They noted that the move was a valuation call. Wolfe Research downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating in a research note on Friday, December 7th. Finally, BidaskClub downgraded shares of American Airlines Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. American Airlines Group presently has an average rating of “Buy” and a consensus target price of $49.06.

In related news, Director John T. Cahill acquired 25,000 shares of American Airlines Group stock in a transaction on Monday, October 29th. The shares were acquired at an average cost of $33.47 per share, with a total value of $836,750.00. Following the transaction, the director now owns 6,531 shares in the company, valued at $218,592.57. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey D. Benjamin acquired 15,000 shares of American Airlines Group stock in a transaction on Monday, November 19th. The shares were bought at an average cost of $35.69 per share, for a total transaction of $535,350.00. Following the completion of the transaction, the director now owns 22,146 shares in the company, valued at approximately $790,390.74. The disclosure for this purchase can be found here. 0.70% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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