HBK Investments L P Acquires New Position in American Airlines Group Inc (AAL)
HBK Investments L P acquired a new stake in shares of American Airlines Group Inc (NASDAQ:AAL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 23,200 shares of the airline’s stock, valued at approximately $1,207,000.
A number of other hedge funds have also recently bought and sold shares of the business. Ellington Management Group LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at about $364,000. Prime Capital Investment Advisors LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at about $3,044,000. Weil Company Inc. acquired a new position in shares of American Airlines Group in the 4th quarter valued at about $208,000. JOYN Advisors Inc. acquired a new position in shares of American Airlines Group in the 4th quarter valued at about $229,000. Finally, Quantitative Investment Management LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at about $15,718,000. 80.52% of the stock is owned by institutional investors.
In other news, Director Matthew J. Hart sold 35,182 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $51.90, for a total value of $1,825,945.80. Following the completion of the sale, the director now directly owns 33,258 shares of the company’s stock, valued at $1,726,090.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO W Douglas Parker sold 224,572 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total value of $11,749,607.04. Following the completion of the sale, the chief executive officer now directly owns 1,925,242 shares of the company’s stock, valued at $100,728,661.44. The disclosure for this sale can be found here. Insiders have sold 302,416 shares of company stock valued at $15,826,647 in the last ninety days. Company insiders own 0.69% of the company’s stock.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 25th. The airline reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.03. The firm had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. American Airlines Group had a return on equity of 63.78% and a net margin of 4.55%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. equities analysts forecast that American Airlines Group Inc will post 5.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.74%. American Airlines Group’s payout ratio is currently 10.23%.
A number of equities analysts recently commented on the company. Morgan Stanley restated an “equal weight” rating and issued a $59.00 price objective (down previously from $60.00) on shares of American Airlines Group in a report on Friday, February 23rd. Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $52.59 to $62.00 in a report on Wednesday, January 31st. Zacks Investment Research upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, February 13th. BidaskClub upgraded American Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Imperial Capital restated an “in-line” rating and issued a $53.00 price objective (up previously from $47.00) on shares of American Airlines Group in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. American Airlines Group presently has an average rating of “Buy” and a consensus price target of $61.74.
American Airlines Group 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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