American Airlines Group Inc (AAL) Shares Bought by CIBC Asset Management Inc
CIBC Asset Management Inc grew its stake in American Airlines Group Inc (NASDAQ:AAL) by 2.6% during the 2nd quarter, Holdings Channel reports. The firm owned 60,231 shares of the airline’s stock after buying an additional 1,532 shares during the period. CIBC Asset Management Inc’s holdings in American Airlines Group were worth $2,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of AAL. HL Financial Services LLC lifted its position in shares of American Airlines Group by 12.6% in the first quarter. HL Financial Services LLC now owns 25,060 shares of the airline’s stock worth $1,302,000 after buying an additional 2,796 shares in the last quarter. Hennessy Advisors Inc. lifted its position in shares of American Airlines Group by 34.7% in the first quarter. Hennessy Advisors Inc. now owns 60,500 shares of the airline’s stock worth $3,144,000 after buying an additional 15,600 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its position in shares of American Airlines Group by 28.9% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 66,969 shares of the airline’s stock worth $3,391,000 after buying an additional 15,009 shares in the last quarter. Miracle Mile Advisors LLC purchased a new stake in shares of American Airlines Group during the 1st quarter worth approximately $1,039,000. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of American Airlines Group by 40.5% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 291,198 shares of the airline’s stock worth $15,131,000 after acquiring an additional 83,916 shares in the last quarter. Institutional investors own 82.25% of the company’s stock.
AAL has been the topic of several recent research reports. ValuEngine raised American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Thursday, July 19th. Buckingham Research decreased their price target on shares of American Airlines Group from $63.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, July 17th. Macquarie raised shares of American Airlines Group from a “neutral” rating to an “outperform” rating and set a $47.00 price target on the stock in a research note on Monday, July 30th. Morgan Stanley decreased their price target on shares of American Airlines Group from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 12th. Finally, Cowen decreased their price target on shares of American Airlines Group from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. American Airlines Group currently has a consensus rating of “Buy” and a consensus target price of $55.50.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, July 26th. The airline reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.04. American Airlines Group had a return on equity of 151.06% and a net margin of 3.75%. The company had revenue of $11.64 billion for the quarter, compared to analyst estimates of $11.67 billion. During the same quarter in the prior year, the firm posted $1.92 EPS. American Airlines Group’s quarterly revenue was up 3.7% compared to the same quarter last year. equities research analysts anticipate that American Airlines Group Inc will post 4.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 21st. Investors of record on Tuesday, August 7th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 6th. This represents a $0.40 annualized dividend and a yield of 0.99%. American Airlines Group’s payout ratio is presently 8.20%.
American Airlines Group Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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