Sentry Investment Management LLC boosted its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 8.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 125,728 shares of the airline’s stock after buying an additional 9,607 shares during the period. Sentry Investment Management LLC’s holdings in American Airlines Group were worth $4,037,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in American Airlines Group by 186.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 839,807 shares of the airline’s stock valued at $34,725,000 after purchasing an additional 546,367 shares during the period. Frontier Capital Management Co. LLC raised its holdings in shares of American Airlines Group by 160.9% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,002,733 shares of the airline’s stock worth $41,443,000 after purchasing an additional 618,378 shares in the last quarter. Capital Management Corp VA raised its holdings in shares of American Airlines Group by 10.7% in the 3rd quarter. Capital Management Corp VA now owns 86,041 shares of the airline’s stock worth $3,556,000 after purchasing an additional 8,315 shares in the last quarter. First Dallas Securities Inc. raised its holdings in shares of American Airlines Group by 27.3% in the 3rd quarter. First Dallas Securities Inc. now owns 60,526 shares of the airline’s stock worth $2,501,000 after purchasing an additional 12,998 shares in the last quarter. Finally, Perella Weinberg Partners Capital Management LP bought a new stake in shares of American Airlines Group in the 3rd quarter worth approximately $5,992,000. Institutional investors own 80.83% of the company’s stock.
A number of analysts recently commented on AAL shares. Imperial Capital boosted their target price on shares of American Airlines Group from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, December 4th. They noted that the move was a valuation call. Citigroup boosted their target price on shares of American Airlines Group from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, November 29th. Zacks Investment Research upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, December 13th. Susquehanna Bancshares started coverage on shares of American Airlines Group in a report on Wednesday, November 28th. They issued a “positive” rating and a $47.00 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of American Airlines Group from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. American Airlines Group has a consensus rating of “Buy” and a consensus price target of $47.24.
Shares of AAL stock traded down $0.11 during trading hours on Thursday, reaching $35.58. 140,613 shares of the stock traded hands, compared to its average volume of 7,275,021. American Airlines Group Inc has a 1-year low of $28.81 and a 1-year high of $57.44. The firm has a market capitalization of $16.44 billion, a P/E ratio of 7.76, a P/E/G ratio of 1.16 and a beta of 1.59.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. The business had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.94 billion. American Airlines Group had a net margin of 3.17% and a negative return on equity of 322.87%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 earnings per share. Equities research analysts predict that American Airlines Group Inc will post 6.02 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 20th. Shareholders of record on Wednesday, February 6th were paid a $0.10 dividend. The ex-dividend date was Tuesday, February 5th. This represents a $0.40 annualized dividend and a yield of 1.12%. American Airlines Group’s dividend payout ratio is presently 8.79%.
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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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