American Airlines Group, Inc. (AAL) Shares Bought by American Century Companies Inc.
American Century Companies Inc. boosted its position in American Airlines Group, Inc. (NASDAQ:AAL) by 150.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 929,863 shares of the airline’s stock after buying an additional 557,999 shares during the period. American Century Companies Inc. owned approximately 0.19% of American Airlines Group worth $46,791,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its position in American Airlines Group by 1.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 231,274 shares of the airline’s stock worth $9,854,000 after buying an additional 3,093 shares during the period. Summit Securities Group LLC increased its stake in American Airlines Group by 29.7% in the first quarter. Summit Securities Group LLC now owns 41,185 shares of the airline’s stock valued at $1,742,000 after buying an additional 9,439 shares during the last quarter. Alpha Cubed Investments LLC increased its stake in American Airlines Group by 1.2% in the first quarter. Alpha Cubed Investments LLC now owns 80,397 shares of the airline’s stock valued at $3,401,000 after buying an additional 978 shares during the last quarter. LSV Asset Management increased its stake in American Airlines Group by 34.3% in the first quarter. LSV Asset Management now owns 3,150,482 shares of the airline’s stock valued at $133,265,000 after buying an additional 804,745 shares during the last quarter. Finally, ING Groep NV bought a new stake in American Airlines Group during the first quarter valued at $2,214,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.
Shares of American Airlines Group, Inc. (NASDAQ AAL) opened at 44.56 on Wednesday. The company has a market capitalization of $21.70 billion, a PE ratio of 11.06 and a beta of 0.96. The firm’s 50-day moving average price is $49.92 and its 200-day moving average price is $46.89. 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 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.05. The firm had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 earnings per share. On average, analysts expect that American Airlines Group, Inc. will post $5.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Monday, August 14th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, August 10th. American Airlines Group’s dividend payout ratio is currently 9.88%.
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Several analysts recently weighed in on AAL shares. ValuEngine upgraded American Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Bank of America Corporation upped their price target 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. Zacks Investment Research downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Morgan Stanley restated an “equal weight” rating and issued a $50.00 price target (up previously from $49.00) on shares of American Airlines Group in a research note on Monday, July 10th. Finally, Citigroup Inc. upped their price target on American Airlines Group from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $56.27.
In related 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 owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Derek J. Kerr sold 104,223 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the sale, the vice president now directly owns 591,195 shares in the company, valued at approximately $29,559,750. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,623 shares of company stock worth $9,869,666. 0.69% of the stock is owned by 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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