American Airlines Group, Inc. (NASDAQ:AAL) Director Ray M. Robinson sold 3,476 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the sale, the director now owns 29,938 shares in the company, valued at $1,399,900.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
American Airlines Group, Inc. (NASDAQ:AAL) traded down 0.41% on Friday, reaching $46.00. 14,846,236 shares of the company were exchanged. The company’s 50-day moving average price is $46.92 and its 200-day moving average price is $46.75. The stock has a market capitalization of $22.40 billion, a P/E ratio of 11.42 and a beta of 0.98. American Airlines Group, Inc. has a 12-month low of $33.90 and a 12-month high of $54.48.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Friday, July 28th. The airline reported $1.92 earnings per share 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 for the quarter, compared to the consensus estimate of $11.08 billion. During the same quarter in the prior year, the company posted $1.77 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. Equities research analysts anticipate that American Airlines Group, Inc. will post $4.86 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 14th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.40 annualized dividend and a yield of 0.87%. American Airlines Group’s payout ratio is 9.88%.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MCF Advisors LLC acquired a new position in American Airlines Group during the second quarter worth $106,000. Westside Investment Management Inc. raised its holdings in American Airlines Group by 3.5% during the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after buying an additional 72 shares during the last quarter. WFG Advisors LP raised its holdings in American Airlines Group by 28.1% during the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock worth $119,000 after buying an additional 519 shares during the last quarter. D. Scott Neal Inc. acquired a new position in American Airlines Group during the second quarter worth $120,000. Finally, First Manhattan Co. raised its holdings in American Airlines Group by 3.3% during the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.
AAL has been the subject of several research reports. Sanford C. Bernstein reissued a “hold” rating on shares of American Airlines Group in a research report on Monday, August 7th. BidaskClub raised shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Thursday. Barclays PLC reissued a “hold” rating and set a $55.00 price objective on shares of American Airlines Group in a research report on Thursday. J P Morgan Chase & Co downgraded shares of American Airlines Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $61.00 to $53.00 in a research report on Friday. Finally, Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $56.78.
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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