Westside Investment Management Inc. Purchases 72 Shares of American Airlines Group, Inc. (AAL)
Westside Investment Management Inc. lifted its position in American Airlines Group, Inc. (NASDAQ:AAL) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,116 shares of the airline’s stock after purchasing an additional 72 shares during the quarter. Westside Investment Management Inc.’s holdings in American Airlines Group were worth $111,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. MCF Advisors LLC acquired a new position in American Airlines Group during the second quarter worth $106,000. D. Scott Neal Inc. acquired a new position in American Airlines Group during the second quarter worth $120,000. First Manhattan Co. raised its stake 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 acquiring an additional 75 shares in the last quarter. Huntington National Bank raised its stake in American Airlines Group by 71.9% during the second quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock worth $132,000 after acquiring an additional 1,100 shares in the last quarter. Finally, FNY Managed Accounts LLC raised its stake in American Airlines Group by 146.9% during the second quarter. FNY Managed Accounts LLC now owns 2,810 shares of the airline’s stock worth $141,000 after acquiring an additional 1,672 shares in the last quarter. Institutional investors and hedge funds own 81.56% of the company’s stock.
American Airlines Group, Inc. (NASDAQ:AAL) traded down 0.64% during trading on Monday, reaching $50.97. The company had a trading volume of 1,260,895 shares. The firm’s 50 day moving average price is $46.17 and its 200 day moving average price is $47.16. The firm has a market capitalization of $24.82 billion, a PE ratio of 12.65 and a beta of 0.99. American Airlines Group, Inc. has a 12-month low of $36.80 and a 12-month high of $54.48.
American Airlines Group (NASDAQ:AAL) last issued its earnings results on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.05. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The business had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts anticipate that American Airlines Group, Inc. will post $4.65 earnings per share for the current year.
Several research analysts have issued reports on AAL shares. BidaskClub lowered American Airlines Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Citigroup Inc. increased their price objective 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. Buckingham Research reiterated a “buy” rating and set a $70.00 price objective (up from $68.00) on shares of American Airlines Group in a research note on Monday, July 31st. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 price objective on shares of American Airlines Group in a research note on Tuesday, August 22nd. Finally, Cowen and Company reiterated a “buy” rating and set a $57.00 price objective on shares of American Airlines Group in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $56.97.
In other American Airlines Group news, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $47.97, for a total value of $479,700.00. Following the sale, the executive vice president now owns 161,476 shares in the company, valued at approximately $7,746,003.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ray M. Robinson sold 3,476 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the sale, the director now owns 29,938 shares in the company, valued at approximately $1,399,900.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,476 shares of company stock valued at $3,159,738. Insiders own 0.69% of the company’s stock.
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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