Dynamic Technology Lab Private Ltd acquired a new position in American Airlines Group Inc (NASDAQ:AAL) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,936 shares of the airline’s stock, valued at approximately $1,192,000.
Other large investors have also modified their holdings of the company. 180 Wealth Advisors LLC bought a new stake in American Airlines Group during the first quarter valued at about $371,000. Howard Capital Management Inc. boosted its holdings in American Airlines Group by 32.7% during the first quarter. Howard Capital Management Inc. now owns 5,519 shares of the airline’s stock valued at $282,000 after acquiring an additional 1,359 shares during the period. Amalgamated Bank boosted its holdings in American Airlines Group by 4.1% during the first quarter. Amalgamated Bank now owns 57,839 shares of the airline’s stock valued at $3,005,000 after acquiring an additional 2,268 shares during the period. Principal Financial Group Inc. boosted its holdings in American Airlines Group by 0.3% during the first quarter. Principal Financial Group Inc. now owns 634,326 shares of the airline’s stock valued at $32,960,000 after acquiring an additional 1,648 shares during the period. Finally, CIBC World Markets Inc. boosted its holdings in American Airlines Group by 198.0% during the first quarter. CIBC World Markets Inc. now owns 37,005 shares of the airline’s stock valued at $1,923,000 after acquiring an additional 24,587 shares during the period. Hedge funds and other institutional investors own 80.66% of the company’s stock.
In related news, President Robert D. Isom, Jr. sold 10,000 shares of the stock in a transaction dated 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 $29,079,225. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Robert D. Isom, Jr. sold 5,000 shares of the stock in a transaction dated Tuesday, April 24th. The stock was 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. Corporate insiders own 0.70% of the company’s stock.
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. American Airlines Group had a net margin of 4.35% and a return on equity of 92.63%. The firm had revenue of $10.40 billion during the quarter, compared to analyst estimates of $10.41 billion. During the same quarter in the prior year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. equities analysts predict that American Airlines Group Inc will post 5.16 EPS for the current fiscal year.
A number of equities research analysts have issued reports on AAL shares. JPMorgan Chase & Co. upgraded shares of American Airlines Group to a “buy” rating in a report on Monday, April 30th. ValuEngine lowered shares of American Airlines Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 12th. Zacks Investment Research raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Tuesday, March 13th. Citigroup cut their price objective on shares of American Airlines Group from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, May 29th. Finally, Buckingham Research cut their price objective on shares of American Airlines Group from $75.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, June 13th. 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. American Airlines Group currently has a consensus rating of “Buy” and an average target price of $61.03.
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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