Victory Capital Management Inc. raised its stake in American Airlines Group Inc (NASDAQ:AAL) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,663 shares of the airline’s stock after buying an additional 3,063 shares during the period. Victory Capital Management Inc.’s holdings in American Airlines Group were worth $1,960,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of AAL. LSV Asset Management increased its stake in shares of American Airlines Group by 1.1% during the 4th quarter. LSV Asset Management now owns 3,758,992 shares of the airline’s stock worth $195,580,000 after purchasing an additional 42,460 shares in the last quarter. Boston Partners purchased a new position in shares of American Airlines Group during the 3rd quarter worth approximately $113,633,000. Hosking Partners LLP increased its stake in shares of American Airlines Group by 0.4% during 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. increased its stake in shares of American Airlines Group by 2.7% during 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. Finally, California Public Employees Retirement System increased its stake in shares of American Airlines Group by 0.8% during the 3rd quarter. California Public Employees Retirement System now owns 1,314,588 shares of the airline’s stock worth $62,430,000 after purchasing an additional 9,788 shares in the last quarter. 81.69% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Tuesday, February 13th. Sanford C. Bernstein raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $52.59 to $62.00 in a research note on Wednesday, January 31st. BidaskClub cut shares of American Airlines Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Morgan Stanley lifted their target price on shares of American Airlines Group from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $53.00 target price (up from $47.00) on shares of American Airlines Group in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. American Airlines Group has a consensus rating of “Buy” and a consensus target price of $61.38.
Shares of American Airlines Group Inc (AAL) opened at $52.78 on Thursday. The company has a market cap of $24,747.97, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 1.12 and a beta of 0.96. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 5.73. American Airlines Group Inc has a 12 month low of $39.21 and a 12 month high of $59.08.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, January 25th. The airline reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.03. The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. American Airlines Group had a net margin of 4.55% and a return on equity of 63.78%. American Airlines Group’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business earned $0.92 EPS. equities analysts anticipate that American Airlines Group Inc will post 5.8 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. American Airlines Group’s dividend payout ratio (DPR) is presently 10.23%.
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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.
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