American Airlines Group Inc (AAL) Shares Sold by Glen Harbor Capital Management LLC

Glen Harbor Capital Management LLC decreased its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 55.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,902 shares of the airline’s stock after selling 42,086 shares during the period. Glen Harbor Capital Management LLC’s holdings in American Airlines Group were worth $1,761,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AAL. O Shaughnessy Asset Management LLC lifted its position in American Airlines Group by 353.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,100,366 shares of the airline’s stock valued at $57,176,000 after purchasing an additional 857,759 shares during the period. Gotham Asset Management LLC bought a new position in American Airlines Group during the fourth quarter valued at approximately $27,667,000. Renaissance Technologies LLC bought a new position in American Airlines Group during the fourth quarter valued at approximately $22,042,000. RWC Asset Management LLP raised its position in American Airlines Group by 36.8% in the fourth quarter. RWC Asset Management LLP now owns 1,445,910 shares of the airline’s stock worth $75,231,000 after acquiring an additional 388,765 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its position in American Airlines Group by 83.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 668,078 shares of the airline’s stock worth $34,760,000 after acquiring an additional 302,976 shares during the period. Institutional investors own 80.75% of the company’s stock.

Several research firms have weighed in on AAL. BidaskClub downgraded shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 1st. JPMorgan Chase & Co. upgraded shares of American Airlines Group to a “buy” rating in a research report on Monday, April 30th. TheStreet downgraded shares of American Airlines Group from a “b” rating to a “c” rating in a research report on Thursday, April 26th. Cowen reiterated an “outperform” rating and issued a $55.00 price target (down from $60.00) on shares of American Airlines Group in a research report on Friday, April 27th. Finally, Imperial Capital decreased their price target on shares of American Airlines Group from $53.00 to $49.00 and set a “line” rating on the stock in a research report on Friday, April 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $61.60.



In related news, President Robert D. Isom, Jr. sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $46.72, for a total transaction of $233,600.00. Following the completion of the transaction, the president now directly owns 675,276 shares of the company’s stock, valued at $31,548,894.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Robert D. Isom, Jr. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00. Following the transaction, the president now directly owns 646,205 shares of the company’s stock, valued at $29,079,225. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

Shares of American Airlines Group opened at $44.91 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of -21.56, a current ratio of 0.57 and a quick ratio of 0.48. The firm has a market capitalization of $20.39 billion, a PE ratio of 8.64, a PEG ratio of 0.68 and a beta of 0.98. American Airlines Group Inc has a 1 year low of $40.65 and a 1 year high of $59.08.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, April 26th. The airline reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The firm had revenue of $10.40 billion during the quarter, compared to analysts’ expectations of $10.41 billion. American Airlines Group had a net margin of 4.35% and a return on equity of 92.63%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. research analysts predict that American Airlines Group Inc will post 5.4 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 22nd. Stockholders of record on Tuesday, May 8th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.89%. American Airlines Group’s dividend payout ratio (DPR) is presently 8.20%.

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.

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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