State of Alaska Department of Revenue raised its stake in American Airlines Group Inc (NASDAQ:AAL) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,256 shares of the airline’s stock after purchasing an additional 2,720 shares during the period. State of Alaska Department of Revenue’s holdings in American Airlines Group were worth $2,095,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in AAL. IMS Capital Management purchased a new stake in American Airlines Group during the 3rd quarter worth about $35,000. Truvestments Capital LLC purchased a new stake in American Airlines Group during the 3rd quarter worth about $115,000. Stratos Wealth Partners LTD. purchased a new stake in American Airlines Group during the 3rd quarter worth about $117,000. Glenmede Trust Co. NA increased its position in American Airlines Group by 108.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,366 shares of the airline’s stock worth $138,000 after purchasing an additional 1,753 shares in the last quarter. Finally, Trilogy Capital Inc. increased its position in American Airlines Group by 10,137.5% during the 2nd quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock worth $155,000 after purchasing an additional 4,055 shares in the last quarter. Institutional investors own 81.21% of the company’s stock.
AAL traded down $0.17 during trading on Friday, reaching $36.00. 4,956,694 shares of the company were exchanged, compared to its average volume of 8,688,580. American Airlines Group Inc has a 52 week low of $28.81 and a 52 week high of $57.44. The company has a market cap of $16.66 billion, a P/E ratio of 7.91, a PEG ratio of 1.18 and a beta of 1.59.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.03. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. The company had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter in the prior year, the business posted $0.95 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts predict that American Airlines Group Inc will post 6.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Stockholders of record on Wednesday, February 6th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, February 5th. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. American Airlines Group’s payout ratio is 8.79%.
Several analysts have commented on AAL shares. Zacks Investment Research restated a “hold” rating on shares of American Airlines Group in a report on Monday, November 12th. Argus began coverage on American Airlines Group in a report on Friday. They set a “hold” rating and a $36.00 target price for the company. Imperial Capital reissued an “outperform” rating and set a $46.00 price target (up from $42.00) on shares of American Airlines Group in a research report on Friday, January 25th. Vertical Research began coverage on American Airlines Group in a research report on Monday, February 4th. They set a “hold” rating on the stock. Finally, ValuEngine raised American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. American Airlines Group has a consensus rating of “Buy” and an average price target of $47.24.
In other American Airlines Group news, Director Jeffrey D. Benjamin purchased 15,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was bought at an average price of $35.69 per share, with a total value of $535,350.00. Following the completion of the purchase, the director now owns 22,146 shares in the company, valued at approximately $790,390.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.
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.
Featured Story: Price to Earnings Ratio (PE), For Valuing Stocks