American Airlines Group Inc. (AAL) Position Held by Amica Mutual Insurance Co.
Amica Mutual Insurance Co. maintained its stake in American Airlines Group Inc. (NASDAQ:AAL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,904 shares of the airline’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in American Airlines Group were worth $2,047,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Evanson Asset Management LLC boosted its position in shares of American Airlines Group by 23.4% in the second quarter. Evanson Asset Management LLC now owns 25,148 shares of the airline’s stock valued at $712,000 after buying an additional 4,765 shares during the last quarter. Cribstone Capital Management LLC purchased a new position in shares of American Airlines Group during the second quarter valued at about $108,000. Acropolis Investment Management LLC boosted its position in shares of American Airlines Group by 13.4% in the second quarter. Acropolis Investment Management LLC now owns 8,439 shares of the airline’s stock valued at $239,000 after buying an additional 1,000 shares during the last quarter. Eqis Capital Management Inc. boosted its position in shares of American Airlines Group by 12.3% in the second quarter. Eqis Capital Management Inc. now owns 12,840 shares of the airline’s stock valued at $364,000 after buying an additional 1,409 shares during the last quarter. Finally, Boys Arnold & Co. Inc. purchased a new position in shares of American Airlines Group during the second quarter valued at about $707,000. Institutional investors own 76.26% of the company’s stock.
Shares of American Airlines Group Inc. (NASDAQ:AAL) traded up 0.84% during trading on Tuesday, reaching $46.89. The company had a trading volume of 4,885,442 shares. The firm’s 50 day moving average price is $41.62 and its 200 day moving average price is $35.90. The firm has a market capitalization of $24.29 billion, a P/E ratio of 4.86 and a beta of 0.88. American Airlines Group Inc. has a 12 month low of $24.85 and a 12 month high of $47.14.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 20th. The airline reported $2.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $1.23. The company earned $10.60 billion during the quarter, compared to analyst estimates of $5.43 billion. American Airlines Group had a net margin of 14.16% and a return on equity of 95.17%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.77 earnings per share. Equities analysts predict that American Airlines Group Inc. will post $5.47 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 7th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.40 annualized dividend and a yield of 0.85%. American Airlines Group’s payout ratio is currently 4.30%.
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Several research analysts have recently issued reports on the company. Imperial Capital raised their price objective on American Airlines Group from $43.00 to $49.00 and gave the stock an “in-line” rating in a research note on Tuesday, November 22nd. Vetr raised American Airlines Group from a “sell” rating to a “hold” rating and set a $47.00 target price on the stock in a report on Monday, November 21st. Citigroup Inc. assumed coverage on American Airlines Group in a report on Friday, November 18th. They set a “buy” rating and a $55.00 target price on the stock. TheStreet raised American Airlines Group from a “hold” rating to a “buy” rating in a report on Monday, October 31st. Finally, Wolfe Research set a $46.00 target price on American Airlines Group and gave the stock a “buy” rating in a report on Friday, October 21st. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. American Airlines Group presently has an average rating of “Hold” and a consensus target price of $44.09.
In other American Airlines Group news, CMO Andrew P. Nocella sold 171,383 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $40.65, for a total transaction of $6,966,718.95. Following the completion of the transaction, the chief marketing officer now owns 307,719 shares in the company, valued at $12,508,777.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Beverly K. Goulet sold 5,000 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the transaction, the executive vice president now owns 238,604 shares of the company’s stock, valued at approximately $11,018,732.72. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.
American Airlines Group Company Profile
American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).
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