Todd Asset Management LLC Buys Shares of 293,090 American Airlines Group, Inc. (AAL)
Todd Asset Management LLC bought a new position in American Airlines Group, Inc. (NASDAQ:AAL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 293,090 shares of the airline’s stock, valued at approximately $13,919,000. Todd Asset Management LLC owned about 0.06% of American Airlines Group as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Boston Partners purchased a new position in American Airlines Group in the third quarter valued at approximately $113,633,000. Cyrus Capital Partners L.P. purchased a new position in American Airlines Group in the second quarter valued at approximately $75,480,000. Parametric Portfolio Associates LLC raised its holdings in American Airlines Group by 111.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,336,192 shares of the airline’s stock valued at $67,237,000 after buying an additional 703,617 shares during the period. AJO LP raised its holdings in American Airlines Group by 193.2% in the second quarter. AJO LP now owns 952,263 shares of the airline’s stock valued at $47,918,000 after buying an additional 627,426 shares during the period. Finally, American Century Companies Inc. raised its holdings in American Airlines Group by 150.1% in the second quarter. American Century Companies Inc. now owns 929,863 shares of the airline’s stock valued at $46,791,000 after buying an additional 557,999 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on AAL shares. Cowen and Company raised their price target on shares of American Airlines Group from $55.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, October 10th. J P Morgan Chase & Co upgraded shares of American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price objective on the stock in a research note on Wednesday, November 1st. Imperial Capital reiterated an “in-line” rating and set a $49.00 price objective (up previously from $43.00) on shares of American Airlines Group in a research note on Sunday, July 23rd. Buckingham Research reiterated a “buy” rating on shares of American Airlines Group in a research note on Friday, October 27th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of American Airlines Group in a research note on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. American Airlines Group currently has an average rating of “Buy” and an average target price of $58.47.
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In other American Airlines Group news, Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction on 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 transaction, the director now owns 29,938 shares of the company’s stock, valued at $1,399,900.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.
Shares of American Airlines Group, Inc. (AAL) traded up $0.07 during trading hours on Wednesday, hitting $45.81. 1,827,200 shares of the company were exchanged, compared to its average volume of 6,146,396. The company has a market capitalization of $21,920.00, a price-to-earnings ratio of 9.39 and a beta of 0.97. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63. American Airlines Group, Inc. has a fifty-two week low of $39.21 and a fifty-two week high of $54.48.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.02. The firm had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.80 earnings per share. analysts forecast 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 issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Friday, November 10th. American Airlines Group’s dividend 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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