Private Advisor Group LLC Has $479,000 Position in American Airlines Group Inc (AAL)

Private Advisor Group LLC boosted its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 113.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,585 shares of the airline’s stock after buying an additional 6,148 shares during the quarter. Private Advisor Group LLC’s holdings in American Airlines Group were worth $479,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. PHH Investments Ltd. raised its position in American Airlines Group by 3.2% during the 2nd quarter. PHH Investments Ltd. now owns 41,906 shares of the airline’s stock valued at $1,591,000 after purchasing an additional 1,311 shares during the last quarter. 180 Wealth Advisors LLC raised its position in American Airlines Group by 19.3% during the 2nd quarter. 180 Wealth Advisors LLC now owns 8,552 shares of the airline’s stock valued at $325,000 after purchasing an additional 1,382 shares during the last quarter. CIBC Asset Management Inc raised its position in American Airlines Group by 2.6% during the 2nd quarter. CIBC Asset Management Inc now owns 60,231 shares of the airline’s stock valued at $2,286,000 after purchasing an additional 1,532 shares during the last quarter. Baird Financial Group Inc. raised its position in American Airlines Group by 38.9% during the 2nd quarter. Baird Financial Group Inc. now owns 5,607 shares of the airline’s stock valued at $213,000 after purchasing an additional 1,571 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in American Airlines Group by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 634,326 shares of the airline’s stock valued at $32,960,000 after purchasing an additional 1,648 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

In related news, Director Jeffrey D. Benjamin acquired 15,000 shares of American Airlines Group stock in a transaction that occurred on 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 transaction, the director now directly owns 22,146 shares in the company, valued at $790,390.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Cahill acquired 25,000 shares of American Airlines Group stock in a transaction that occurred on Monday, October 29th. The shares were bought at an average cost of $33.47 per share, with a total value of $836,750.00. Following the transaction, the director now owns 6,531 shares in the company, valued at $218,592.57. The disclosure for this purchase can be found here. 0.70% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:AAL opened at $37.95 on Friday. American Airlines Group Inc has a 52-week low of $30.24 and a 52-week high of $59.08. The company has a market capitalization of $17.48 billion, a PE ratio of 7.78, a PEG ratio of 1.11 and a beta of 1.12.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.01. American Airlines Group had a return on equity of 568.86% and a net margin of 3.06%. The firm had revenue of $11.56 billion during the quarter, compared to analyst estimates of $11.55 billion. On average, research analysts expect that American Airlines Group Inc will post 4.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Monday, November 5th. American Airlines Group’s dividend payout ratio is currently 8.20%.

A number of research analysts have commented on the company. Goldman Sachs Group assumed coverage on American Airlines Group in a research report on Monday, November 12th. They set a “buy” rating and a $44.00 price target for the company. Bank of America lowered their price target on American Airlines Group from $61.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, October 10th. Zacks Investment Research reaffirmed a “hold” rating on shares of American Airlines Group in a research report on Monday, November 12th. BidaskClub raised American Airlines Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Finally, JPMorgan Chase & Co. set a $46.00 price target on American Airlines Group and gave the company a “buy” rating in a research report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. American Airlines Group presently has an average rating of “Buy” and a consensus target price of $49.88.

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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, 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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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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