American Airlines Group, Inc. (AAL) Shares Sold by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado reduced its position in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,871 shares of the airline’s stock after selling 3,318 shares during the period. Public Employees Retirement Association of Colorado’s holdings in American Airlines Group were worth $1,609,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in AAL. Janus Capital Management LLC grew its holdings in American Airlines Group by 351.2% during the first quarter. Janus Capital Management LLC now owns 168,117 shares of the airline’s stock worth $7,112,000 after acquiring an additional 130,857 shares during the period. Bank of Montreal Can grew its holdings in American Airlines Group by 3.2% during the second quarter. Bank of Montreal Can now owns 382,370 shares of the airline’s stock worth $19,242,000 after acquiring an additional 11,906 shares during the period. NN Investment Partners Holdings N.V. grew its holdings in American Airlines Group by 9.3% during the second quarter. NN Investment Partners Holdings N.V. now owns 71,891 shares of the airline’s stock worth $3,618,000 after acquiring an additional 6,138 shares during the period. State of Alaska Department of Revenue acquired a new position in American Airlines Group during the second quarter worth about $207,000. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in American Airlines Group by 498.7% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 20,530 shares of the airline’s stock worth $1,033,000 after acquiring an additional 17,101 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the sale, the director now directly owns 29,938 shares in the company, valued at approximately $1,399,900.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.64% of the company’s stock.
A number of research analysts recently issued reports on the company. BidaskClub raised American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Thursday, September 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $52.00 target price (down from $54.00) on shares of American Airlines Group in a report on Thursday, August 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 target price on shares of American Airlines Group in a report on Tuesday, August 22nd. Sanford C. Bernstein reaffirmed a “hold” rating on shares of American Airlines Group in a report on Monday, August 7th. Finally, Buckingham Research reiterated a “buy” rating and issued a $70.00 price target (up previously from $68.00) on shares of American Airlines Group in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $58.47.
Shares of American Airlines Group, Inc. (NASDAQ AAL) opened at $45.82 on Friday. American Airlines Group, Inc. has a 1 year low of $39.21 and a 1 year high of $54.48. The company has a market capitalization of $21,900.90, a PE ratio of 9.40 and a beta of 0.97. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.57 and a current ratio of 0.65.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.02. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The firm had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.88 billion. During the same period last year, the company posted $2.80 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. equities analysts predict that American Airlines Group, Inc. will post 4.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.87%. American Airlines Group’s payout ratio is presently 10.18%.
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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