New Mexico Educational Retirement Board Has $1.84 Million Stake in American Airlines Group Inc (AAL)

New Mexico Educational Retirement Board lessened its holdings in American Airlines Group Inc (NASDAQ:AAL) by 15.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,700 shares of the airline’s stock after selling 7,100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in American Airlines Group were worth $1,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Wetherby Asset Management Inc. increased its position in shares of American Airlines Group by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 4,969 shares of the airline’s stock valued at $250,000 after acquiring an additional 47 shares during the period. Westside Investment Management Inc. increased its position in shares of American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after acquiring an additional 72 shares during the period. Thrivent Financial For Lutherans increased its position in shares of American Airlines Group by 0.6% in the second quarter. Thrivent Financial For Lutherans now owns 21,507 shares of the airline’s stock valued at $1,090,000 after acquiring an additional 130 shares during the period. Cadence Capital Management LLC increased its position in shares of American Airlines Group by 0.7% in the second quarter. Cadence Capital Management LLC now owns 19,841 shares of the airline’s stock valued at $998,000 after acquiring an additional 140 shares during the period. Finally, Boston Private Wealth LLC increased its position in shares of American Airlines Group by 2.6% in the second quarter. Boston Private Wealth LLC now owns 13,767 shares of the airline’s stock valued at $693,000 after acquiring an additional 350 shares during the period. Institutional investors own 81.20% of the company’s stock.

A number of research firms have issued reports on AAL. BidaskClub upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Cowen boosted their price target on shares of American Airlines Group from $55.00 to $56.00 and gave the company an “outperform” rating in a research report on Tuesday, October 10th. Buckingham Research reiterated a “buy” rating on shares of American Airlines Group in a research report on Friday, October 27th. Zacks Investment Research cut shares of American Airlines Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 2nd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $51.00 price objective (up previously from $47.00) on shares of American Airlines Group in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $59.83.

In related news, Director Alberto Ibarguen sold 4,229 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is owned by corporate insiders.

Shares of American Airlines Group Inc (AAL) traded down $0.43 during midday trading on Friday, hitting $52.03. 2,696,796 shares of the stock traded hands, compared to its average volume of 3,865,751. The company has a market capitalization of $25,102.06, a P/E ratio of 13.24 and a beta of 0.99. American Airlines Group Inc has a 52-week low of $39.21 and a 52-week high of $54.48. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.02. The firm had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.80 earnings per share. equities research analysts forecast that American Airlines Group Inc will post 4.64 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “New Mexico Educational Retirement Board Has $1.84 Million Stake in American Airlines Group Inc (AAL)” was first published by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://weekherald.com/2017/12/30/american-airlines-group-inc-aal-shares-sold-by-new-mexico-educational-retirement-board.html.

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.

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

Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply