BlackRock Inc. lowered its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,628,263 shares of the airline’s stock after selling 430,903 shares during the period. BlackRock Inc. owned 5.08% of American Airlines Group worth $737,908,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in AAL. Steward Partners Investment Advisory LLC bought a new stake in shares of American Airlines Group during the 2nd quarter worth approximately $25,000. NEXT Financial Group Inc raised its stake in shares of American Airlines Group by 4,545.5% during the 2nd quarter. NEXT Financial Group Inc now owns 1,022 shares of the airline’s stock worth $33,000 after purchasing an additional 1,000 shares in the last quarter. Westside Investment Management Inc. bought a new stake in shares of American Airlines Group during the 2nd quarter worth approximately $58,000. Salomon & Ludwin LLC bought a new stake in shares of American Airlines Group during the 2nd quarter worth approximately $65,000. Finally, WealthStone Inc. bought a new stake in shares of American Airlines Group during the 2nd quarter worth approximately $68,000. Institutional investors own 80.23% of the company’s stock.
AAL opened at $30.76 on Friday. American Airlines Group Inc has a 1-year low of $24.23 and a 1-year high of $40.58. The stock’s fifty day simple moving average is $28.35 and its 200 day simple moving average is $30.03. The company has a current ratio of 0.49, a quick ratio of 0.40 and a debt-to-equity ratio of 135.16. The stock has a market cap of $13.66 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. The firm had revenue of $11.91 billion for the quarter, compared to analysts’ expectations of $11.93 billion. American Airlines Group had a negative return on equity of 1,294.15% and a net margin of 3.50%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.13 EPS. Equities analysts forecast that American Airlines Group Inc will post 4.99 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.30%. The ex-dividend date is Tuesday, November 5th. American Airlines Group’s payout ratio is 8.79%.
AAL has been the topic of a number of research analyst reports. UBS Group restated a “sell” rating on shares of American Airlines Group in a research note on Wednesday, October 23rd. BidaskClub cut American Airlines Group from a “buy” rating to a “hold” rating in a research note on Thursday. Cowen set a $36.00 price target on American Airlines Group and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays restated an “equal weight” rating on shares of American Airlines Group in a research note on Wednesday, October 30th. Finally, Credit Suisse Group restated an “outperform” rating on shares of American Airlines Group in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $37.00.
In other news, President Robert D. Isom, Jr. acquired 2,500 shares of the stock in a transaction on Thursday, August 29th. The shares were purchased at an average price of $26.34 per share, for a total transaction of $65,850.00. Following the transaction, the president now directly owns 771,271 shares of the company’s stock, valued at $20,315,278.14. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James F. Albaugh acquired 10,000 shares of the stock in a transaction on Monday, October 28th. The shares were purchased at an average price of $31.41 per share, for a total transaction of $314,100.00. Following the transaction, the director now directly owns 36,091 shares in the company, valued at $1,133,618.31. The disclosure for this purchase can be found here. 0.86% of the stock is owned by company insiders.
About American Airlines Group
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, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
Recommended Story: Operating Income
Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc (NASDAQ:AAL).
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.