Janus Capital Management LLC increased its position in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 351.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,117 shares of the airline’s stock after buying an additional 130,857 shares during the period. Janus Capital Management LLC’s holdings in American Airlines Group were worth $7,112,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of AAL. Global X Management Co. LLC raised its stake in shares of American Airlines Group by 26.7% in the first quarter. Global X Management Co. LLC now owns 3,528 shares of the airline’s stock worth $149,000 after buying an additional 743 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of American Airlines Group by 101.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,163 shares of the airline’s stock worth $176,000 after buying an additional 2,092 shares in the last quarter. Shikiar Asset Management Inc. bought a new stake in shares of American Airlines Group during the first quarter worth $207,000. Investment Centers of America Inc. raised its stake in shares of American Airlines Group by 14.0% in the first quarter. Investment Centers of America Inc. now owns 5,348 shares of the airline’s stock worth $228,000 after buying an additional 655 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in shares of American Airlines Group by 17.4% in the first quarter. Stratos Wealth Partners LTD. now owns 5,464 shares of the airline’s stock worth $231,000 after buying an additional 810 shares during the period. Hedge funds and other institutional investors own 81.51% of the company’s stock.
American Airlines Group, Inc. (AAL) traded down 1.15% during midday trading on Tuesday, reaching $50.00. 4,271,581 shares of the company’s stock traded hands. The company’s 50-day moving average price is $50.93 and its 200-day moving average price is $46.80. The stock has a market cap of $24.35 billion, a P/E ratio of 12.41 and a beta of 0.96. American Airlines Group, Inc. has a 52-week low of $33.74 and a 52-week high of $54.48. American Airlines Group also was the recipient of unusually large options trading activity on Monday. Traders bought 1,841 put options on the stock. This is an increase of 221% compared to the typical volume of 574 put options.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. During the same period last year, the company posted $1.77 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts predict that American Airlines Group, Inc. will post $5.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. American Airlines Group’s dividend payout ratio is 9.88%.
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A number of equities analysts have recently commented on AAL shares. Vetr upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $49.75 price target on the stock in a report on Monday, April 24th. BidaskClub upgraded shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Imperial Capital reiterated an “in-line” rating and set a $43.00 price target on shares of American Airlines Group in a report on Friday, May 19th. J P Morgan Chase & Co lowered shares of American Airlines Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $59.00 to $52.00 in a report on Thursday, April 27th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $52.00 price target on shares of American Airlines Group in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. American Airlines Group presently has an average rating of “Hold” and a consensus price target of $53.57.
In related news, VP Derek J. Kerr sold 104,223 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $50.00, for a total value of $5,211,150.00. Following the completion of the transaction, the vice president now directly owns 591,195 shares in the company, valued at approximately $29,559,750. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maya Leibman sold 23,857 shares of the stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $47.24, for a total transaction of $1,127,004.68. Following the completion of the transaction, the executive vice president now owns 182,178 shares of the company’s stock, valued at $8,606,088.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 211,480 shares of company stock valued at $10,516,971. 0.69% of the stock is owned by company insiders.
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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