NJ State Employees Deferred Compensation Plan Has $374,000 Position in American Airlines Group, Inc. (AAL)
NJ State Employees Deferred Compensation Plan continued to hold its position 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 institutional investor owned 7,439 shares of the airline’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in American Airlines Group were worth $374,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. MCF Advisors LLC bought a new stake in American Airlines Group during the second quarter valued at about $106,000. D. Scott Neal Inc. bought a new stake in American Airlines Group during the second quarter valued at about $120,000. Huntington National Bank raised its stake in 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 in the last quarter. Global X Management Co. LLC raised 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 period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised 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 period. Institutional investors and hedge funds own 81.22% of the company’s stock.
Shares of American Airlines Group, Inc. (NASDAQ AAL) traded down 1.04% during midday trading on Friday, hitting $45.55. 6,242,763 shares of the stock traded hands. American Airlines Group, Inc. has a one year low of $33.90 and a one year high of $54.48. The stock has a market cap of $22.18 billion, a price-to-earnings ratio of 11.31 and a beta of 0.96. The firm has a 50-day moving average price of $50.80 and a 200 day moving average price of $46.88. American Airlines Group also was the target of some unusual options trading activity on Thursday. Traders bought 23,622 call options on the stock. This is an increase of 192% compared to the average daily volume of 8,100 call options.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.05. The business had revenue of $11.11 billion during 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 company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 EPS. Analysts anticipate that American Airlines Group, Inc. will post $5.10 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, August 10th. American Airlines Group’s payout ratio is 9.88%.
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A number of equities research analysts have 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 on the stock in a research report on Tuesday, May 23rd. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price objective (up previously from $49.00) on shares of American Airlines Group in a research note on Monday, July 10th. Atlantic Securities started coverage on American Airlines Group in a research note on Tuesday, June 20th. They issued an “underweight” rating and a $56.00 price objective on the stock. Bank of America Corporation increased their price objective on American Airlines Group from $40.00 to $42.00 and gave the stock an “underperform” rating in a research note on Friday, June 30th. Finally, Barclays PLC reissued an “equal weight” rating on shares of American Airlines Group in a research note on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $53.45.
In other American Airlines Group news, EVP Elise R. Eberwein sold 50,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total transaction of $2,517,500.00. Following the sale, the executive vice president now directly owns 312,368 shares in the company, valued at approximately $15,727,728.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maya Leibman sold 10,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $47.97, for a total transaction of $479,700.00. Following the sale, the executive vice president now owns 161,476 shares in the company, valued at $7,746,003.72. The disclosure for this sale can be found here. Insiders have sold a total of 197,623 shares of company stock valued at $9,869,666 over the last three months. 0.64% of the stock is currently owned by company insiders.
About American Airlines Group
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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