American Airlines Group Inc (AAL) Stake Lessened by State Board of Administration of Florida Retirement System

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State Board of Administration of Florida Retirement System lessened its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 3.5% in the 1st quarter, HoldingsChannel reports. The fund owned 539,274 shares of the airline’s stock after selling 19,640 shares during the period. State Board of Administration of Florida Retirement System’s holdings in American Airlines Group were worth $17,127,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harris Associates L P boosted its stake in American Airlines Group by 14.0% during the 4th quarter. Harris Associates L P now owns 18,951,352 shares of the airline’s stock valued at $608,528,000 after purchasing an additional 2,328,627 shares during the period. Private Advisor Group LLC boosted its stake in American Airlines Group by 17.4% during the 4th quarter. Private Advisor Group LLC now owns 13,596 shares of the airline’s stock valued at $437,000 after purchasing an additional 2,011 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in American Airlines Group by 0.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 59,641 shares of the airline’s stock valued at $1,915,000 after purchasing an additional 414 shares during the period. DNB Asset Management AS boosted its stake in American Airlines Group by 7.8% during the 1st quarter. DNB Asset Management AS now owns 14,936 shares of the airline’s stock valued at $474,000 after purchasing an additional 1,078 shares during the period. Finally, Landsberg Bennett & Dubbaneh LLC bought a new stake in American Airlines Group during the 4th quarter valued at approximately $243,000. Institutional investors own 82.07% of the company’s stock.

Shares of AAL stock opened at $32.34 on Thursday. American Airlines Group Inc has a 12 month low of $28.81 and a 12 month high of $45.82. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of 7.11, a PEG ratio of 2.01 and a beta of 1.54.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, April 26th. The airline reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. American Airlines Group had a negative return on equity of 356.47% and a net margin of 3.15%. The company had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $10.61 billion. During the same quarter last year, the company earned $0.75 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, sell-side analysts expect that American Airlines Group Inc will post 5.1 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%. American Airlines Group’s payout ratio is presently 8.79%.

Several analysts recently weighed in on the company. BidaskClub upgraded American Airlines Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Zacks Investment Research upgraded American Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 15th. Imperial Capital reiterated an “in-line” rating and issued a $41.00 price objective (down previously from $43.00) on shares of American Airlines Group in a research report on Tuesday, April 30th. Bank of America reiterated a “buy” rating and issued a $39.00 price objective (down previously from $42.00) on shares of American Airlines Group in a research report on Thursday, April 4th. Finally, Cowen reiterated an “outperform” rating and issued a $41.00 price objective (down previously from $42.00) on shares of American Airlines Group in a research report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $44.94.

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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, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and 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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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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