Great West Life Assurance Co. Can decreased its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 147,596 shares of the airline’s stock after selling 2,934 shares during the period. Great West Life Assurance Co. Can’s holdings in American Airlines Group were worth $7,422,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in AAL. BlackRock Inc. raised its stake in shares of American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock valued at $1,210,114,000 after buying an additional 27,977,045 shares during the last quarter. FMR LLC raised its stake in shares of American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock valued at $1,134,705,000 after buying an additional 9,667,389 shares during the last quarter. Primecap Management Co. CA raised its stake in shares of American Airlines Group by 3.4% in the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock valued at $1,977,349,000 after buying an additional 1,524,040 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of American Airlines Group by 4,841.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 943,900 shares of the airline’s stock valued at $39,927,000 after buying an additional 924,800 shares during the last quarter. Finally, LSV Asset Management raised its stake in shares of American Airlines Group by 34.3% in the first quarter. LSV Asset Management now owns 3,150,482 shares of the airline’s stock valued at $133,265,000 after buying an additional 804,745 shares during the last quarter. Hedge funds and other institutional investors own 81.51% of the company’s stock.
Shares of American Airlines Group, Inc. (NASDAQ:AAL) opened at 48.35 on Friday. The company has a market capitalization of $23.55 billion, a PE ratio of 12.00 and a beta of 0.96. The company’s 50-day moving average is $51.01 and its 200-day moving average is $46.88. American Airlines Group, Inc. has a one year low of $33.90 and a one year high of $54.48.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping the consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The company had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. During the same quarter in the previous year, the company earned $1.77 EPS. American Airlines Group’s revenue was up 7.2% on a year-over-year basis. Equities analysts predict that American Airlines Group, Inc. will post $5.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, August 10th. American Airlines Group’s dividend payout ratio is 9.88%.
Several equities research analysts have commented on AAL shares. J P Morgan Chase & Co lowered shares of American Airlines Group from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $59.00 to $52.00 in a research note on Thursday, April 27th. Barclays PLC restated a “hold” rating and issued a $58.00 price target on shares of American Airlines Group in a research note on Friday, April 28th. Buckingham Research restated a “buy” rating and issued a $70.00 price target (up previously from $68.00) on shares of American Airlines Group in a research note on Monday, July 31st. ValuEngine upgraded shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $52.00 price target on shares of American Airlines Group in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $53.57.
In other news, EVP Elise R. Eberwein sold 33,400 shares of American Airlines Group stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the completion of the sale, the executive vice president now owns 362,368 shares in the company, valued at approximately $18,024,184.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Derek J. Kerr sold 104,223 shares of American Airlines Group stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the sale, the vice president now owns 591,195 shares of the company’s stock, valued at approximately $29,559,750. The disclosure for this sale can be found here. In the last quarter, insiders have sold 187,623 shares of company stock valued at $9,389,966. 0.64% of the stock is owned by corporate 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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