Koch Industries Inc. Takes $310,000 Position in American Airlines Group Inc (AAL)

Share on StockTwits

Koch Industries Inc. purchased a new stake in American Airlines Group Inc (NASDAQ:AAL) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,961 shares of the airline’s stock, valued at approximately $310,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Johnson Financial Group Inc. acquired a new position in American Airlines Group in the 4th quarter valued at about $127,000. Focused Wealth Management Inc acquired a new position in American Airlines Group in the 4th quarter valued at about $151,000. Kings Point Capital Management acquired a new position in American Airlines Group in the 4th quarter valued at about $190,000. Bray Capital Advisors acquired a new position in American Airlines Group in the 1st quarter valued at about $190,000. Finally, Delpha Capital Management LLC acquired a new position in shares of American Airlines Group during the 4th quarter worth approximately $191,000. Institutional investors and hedge funds own 80.66% of the company’s stock.

AAL has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of American Airlines Group from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, May 29th. Zacks Investment Research lowered shares of American Airlines Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th. Buckingham Research decreased their target price on shares of American Airlines Group from $75.00 to $63.00 and set a “buy” rating on the stock in a research report on Wednesday, June 13th. ValuEngine lowered shares of American Airlines Group from a “hold” rating to a “sell” rating in a research report on Friday, June 8th. Finally, Imperial Capital upgraded shares of American Airlines Group from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $49.00 to $56.00 in a research report on Friday, June 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $61.03.

In related news, President Robert D. Isom, Jr. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $45.00, for a total value of $450,000.00. Following the completion of the transaction, the president now owns 646,205 shares of the company’s stock, valued at approximately $29,079,225. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Robert D. Isom, Jr. sold 5,000 shares of the stock in a transaction that occurred 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 approximately $31,548,894.72. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Shares of American Airlines Group traded down $0.14, hitting $41.35, during trading hours on Friday, according to Marketbeat Ratings. 9,115,147 shares of the stock were exchanged, compared to its average volume of 5,363,662. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of -21.56. The firm has a market capitalization of $19.42 billion, a price-to-earnings ratio of 8.47, a P/E/G 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 posted its quarterly earnings results on Thursday, April 26th. The airline reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The business had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.41 billion. American Airlines Group had a net margin of 4.35% and a return on equity of 92.63%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. equities research analysts forecast that American Airlines Group Inc will post 5.16 earnings per share for the current year.

About American Airlines Group

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.

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