Westbourne Investment Advisors Inc. raised its stake in American Airlines Group Inc (NASDAQ:AAL) by 52.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,540 shares of the airline’s stock after acquiring an additional 2,610 shares during the quarter. Westbourne Investment Advisors Inc.’s holdings in American Airlines Group were worth $392,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Boston Partners acquired a new stake in shares of American Airlines Group during the 3rd quarter worth approximately $113,633,000. Hosking Partners LLP lifted its holdings in shares of American Airlines Group by 0.4% in the 3rd quarter. Hosking Partners LLP now owns 2,344,886 shares of the airline’s stock worth $111,359,000 after purchasing an additional 9,522 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of American Airlines Group by 2.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,591,044 shares of the airline’s stock worth $82,783,000 after purchasing an additional 42,130 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of American Airlines Group by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,501,694 shares of the airline’s stock worth $75,560,000 after purchasing an additional 14,974 shares in the last quarter. Finally, Cyrus Capital Partners L.P. bought a new position in shares of American Airlines Group in the 2nd quarter worth $75,480,000. 80.93% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group Inc (AAL) traded up $0.20 on Thursday, hitting $51.07. The stock had a trading volume of 4,983,200 shares, compared to its average volume of 5,507,808. The stock has a market capitalization of $24,341.25, a PE ratio of 13.15, a PEG ratio of 1.10 and a beta of 0.96. American Airlines Group Inc has a 52-week low of $39.21 and a 52-week high of $59.08. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 5.73.
The business 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 $0.10 dividend. The ex-dividend date is Monday, February 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. American Airlines Group’s dividend payout ratio is currently 10.23%.
In other American Airlines Group news, Director Matthew J. Hart sold 35,182 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $51.90, for a total value of $1,825,945.80. Following the transaction, the director now owns 33,258 shares of the company’s stock, valued at $1,726,090.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard C. Kraemer sold 3,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $52.71, for a total value of $158,130.00. Following the completion of the transaction, the director now directly owns 53,229 shares in the company, valued at approximately $2,805,700.59. The disclosure for this sale can be found here. Over the last three months, insiders sold 306,645 shares of company stock worth $16,027,947. Insiders own 0.64% of the company’s stock.
Several equities analysts have weighed in on AAL shares. Buckingham Research restated a “buy” rating on shares of American Airlines Group in a research note on Friday, October 27th. BidaskClub lowered American Airlines Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. raised American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 target price for the company in a report on Wednesday, November 1st. Zacks Investment Research raised American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Monday, November 13th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of American Airlines Group in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. American Airlines Group currently has a consensus rating of “Buy” and a consensus target price of $61.38.
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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.
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