MCF Advisors LLC Acquires New Position in American Airlines Group, Inc. (AAL)
MCF Advisors LLC purchased a new stake in shares of American Airlines Group, Inc. (NASDAQ:AAL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,112 shares of the airline’s stock, valued at approximately $106,000.
Several other institutional investors have also recently modified their holdings of AAL. D. Scott Neal Inc. bought a new position in American Airlines Group during the second quarter valued at $120,000. Huntington National Bank increased its stake in shares of American Airlines Group by 71.9% in the second quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock valued at $132,000 after buying an additional 1,100 shares during the period. Global X Management Co. LLC increased its position in 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 during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in 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 during the last quarter. Finally, Sabal Trust CO purchased a new position in American Airlines Group during the second quarter worth about $201,000. 81.51% of the stock is currently owned by institutional investors and hedge funds.
American Airlines Group, Inc. (NASDAQ AAL) traded down 1.15% during midday trading on Tuesday, hitting $50.00. The company’s stock had a trading volume of 4,270,481 shares. American Airlines Group, Inc. has a 12 month low of $33.74 and a 12 month high of $54.48. The company’s 50 day moving average price is $50.93 and its 200 day moving average price is $46.80. The firm has a market cap of $24.35 billion, a P/E ratio of 12.41 and a beta of 0.96. American Airlines Group also was the target of unusually large options trading activity on Monday. Traders purchased 1,841 put options on the company. This is an increase of approximately 221% compared to the typical volume of 574 put options.
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 Zacks’ consensus estimate of $1.87 by $0.05. The firm had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.77 earnings per share. Analysts expect that American Airlines Group, Inc. will post $5.13 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.40 annualized dividend and a yield of 0.80%. American Airlines Group’s dividend payout ratio is presently 9.88%.
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A number of research analysts recently issued reports on the company. Vetr upgraded American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $53.62 price objective for the company in a report on Tuesday, May 23rd. Morgan Stanley restated an “equal weight” rating and issued a $50.00 price target (up from $49.00) on shares of American Airlines Group in a research note on Monday, July 10th. Atlantic Securities initiated coverage on American Airlines Group in a research report on Tuesday, June 20th. They issued an “underweight” rating and a $56.00 price objective for the company. Cowen and Company reaffirmed an “outperform” rating on shares of American Airlines Group in a research report on Friday, April 14th. Finally, Bank of America Corporation raised their price objective on American Airlines Group from $40.00 to $42.00 and gave the company an “underperform” rating in a research report on Friday, June 30th. 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 assigned a strong buy rating to the company’s stock. American Airlines Group has a consensus rating of “Hold” and an average target price of $53.57.
In other American Airlines Group news, EVP Elise R. Eberwein sold 33,400 shares of American Airlines Group stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the transaction, the executive vice president now directly owns 362,368 shares of the company’s stock, valued at $18,024,184.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maya Leibman sold 23,857 shares of American Airlines Group 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 transaction, the executive vice president now directly owns 182,178 shares in the company, valued at $8,606,088.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 211,480 shares of company stock worth $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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