Retirement Systems of Alabama grew its holdings in shares of American Airlines Group Inc (NASDAQ:AAL) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 319,692 shares of the airline’s stock after acquiring an additional 4,924 shares during the quarter. Retirement Systems of Alabama owned about 0.07% of American Airlines Group worth $16,634,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Boston Partners bought a new stake in American Airlines Group in the 3rd quarter worth approximately $113,633,000. Ameriprise Financial Inc. lifted its position in American Airlines Group by 162.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 912,485 shares of the airline’s stock worth $43,332,000 after buying an additional 564,627 shares during the last quarter. RWC Asset Management LLP lifted its position in American Airlines Group by 36.8% in the 4th quarter. RWC Asset Management LLP now owns 1,445,910 shares of the airline’s stock worth $75,231,000 after buying an additional 388,765 shares during the last quarter. Russell Investments Group Ltd. lifted its position in American Airlines Group by 187.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 522,582 shares of the airline’s stock worth $24,818,000 after buying an additional 340,884 shares during the last quarter. Finally, Todd Asset Management LLC bought a new stake in American Airlines Group in the 3rd quarter worth approximately $13,919,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.
American Airlines Group Inc (AAL) opened at $51.58 on Friday. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.61 and a quick ratio of 0.52. The company has a market capitalization of $24,724.05, a P/E ratio of 10.55, a price-to-earnings-growth ratio of 1.12 and a beta of 0.96. American Airlines Group Inc has a 12 month low of $39.21 and a 12 month high of $59.08.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.78%. American Airlines Group’s dividend payout ratio (DPR) is presently 10.23%.
In other news, Director Matthew J. Hart sold 35,182 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $51.90, for a total transaction of $1,825,945.80. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Derek J. Kerr sold 39,662 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $52.77, for a total value of $2,092,963.74. Following the transaction, the vice president now directly owns 429,046 shares in the company, valued at $22,640,757.42. The disclosure for this sale can be found here. Insiders have sold 302,416 shares of company stock worth $15,826,647 over the last three months. Insiders own 0.64% of the company’s stock.
A number of research firms recently weighed in on AAL. Zacks Investment Research downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Buckingham Research boosted their target price on American Airlines Group from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. BidaskClub downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $52.59 to $62.00 in a research report on Wednesday, January 31st. Finally, Morgan Stanley restated an “equal weight” rating on shares of American Airlines Group in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $61.38.
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About American Airlines Group
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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