Alyeska Investment Group L.P. Takes Position in American Airlines Group Inc (AAL)
Alyeska Investment Group L.P. acquired a new stake in American Airlines Group Inc (NASDAQ:AAL) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 50,723 shares of the airline’s stock, valued at approximately $2,409,000.
A number of other institutional investors also recently added to or reduced their stakes in AAL. Boston Partners acquired a new position in shares of American Airlines Group during the 3rd quarter worth $113,633,000. Cyrus Capital Partners L.P. acquired a new position in shares of American Airlines Group during the 2nd quarter worth $75,480,000. Parametric Portfolio Associates LLC increased its stake in shares of American Airlines Group by 111.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,336,192 shares of the airline’s stock worth $67,237,000 after purchasing an additional 703,617 shares during the last quarter. AJO LP increased its stake in shares of American Airlines Group by 193.2% during the 2nd quarter. AJO LP now owns 952,263 shares of the airline’s stock worth $47,918,000 after purchasing an additional 627,426 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of American Airlines Group by 162.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 912,485 shares of the airline’s stock worth $43,332,000 after purchasing an additional 564,627 shares during the last quarter. Hedge funds and other institutional investors own 81.29% of the company’s stock.
Several brokerages have recently commented on AAL. Morgan Stanley restated an “equal weight” rating on shares of American Airlines Group in a research note on Monday, November 13th. Zacks Investment Research raised shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Monday, November 13th. BidaskClub downgraded shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Friday, November 10th. J P Morgan Chase & Co raised shares of American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price objective for the company in a report on Wednesday, November 1st. Finally, Buckingham Research reaffirmed a “buy” rating on shares of American Airlines Group in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.83.
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 company 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 for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $2.80 EPS. research analysts anticipate that American Airlines Group Inc will post 4.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, November 10th. American Airlines Group’s payout ratio is 10.18%.
In other news, Director Alberto Ibarguen sold 4,229 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is currently owned by company 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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