American Airlines Group, Inc. (AAL) Director Ray M. Robinson Sells 3,476 Shares of Stock

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.

Insider Buying and Selling by Quarter for American Airlines Group (NASDAQ:AAL)

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