Investors Buy American Airlines Group (AAL) on Weakness

Traders bought shares of American Airlines Group Inc (NASDAQ:AAL) on weakness during trading on Friday. $114.17 million flowed into the stock on the tick-up and $29.46 million flowed out of the stock on the tick-down, for a money net flow of $84.71 million into the stock. Of all companies tracked, American Airlines Group had the 30th highest net in-flow for the day. American Airlines Group traded down ($0.70) for the day and closed at $31.43

Several equities analysts have recently weighed in on the company. Cowen reiterated an “outperform” rating and set a $42.00 price objective (down previously from $43.00) on shares of American Airlines Group in a report on Thursday, January 10th. Deutsche Bank lowered American Airlines Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $28.81 to $35.63 in a research report on Friday, March 1st. Citigroup began coverage on American Airlines Group in a research report on Wednesday, November 28th. They issued a “positive” rating and a $47.00 target price on the stock. Wolfe Research lowered American Airlines Group from an “outperform” rating to a “market perform” rating in a research report on Friday, December 7th. Finally, ValuEngine lowered American Airlines Group from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. American Airlines Group has an average rating of “Hold” and an average target price of $46.39.

The stock has a market cap of $14.30 billion, a PE ratio of 6.91, a P/E/G ratio of 0.32 and a beta of 1.55.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.03. The firm had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.94 billion. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 EPS. As a group, equities analysts expect that American Airlines Group Inc will post 6 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 20th. Shareholders of record on Wednesday, February 6th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Tuesday, February 5th. American Airlines Group’s dividend payout ratio (DPR) is 8.79%.

Large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board boosted its stake in shares of American Airlines Group by 116.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 201,410 shares of the airline’s stock worth $8,324,000 after acquiring an additional 108,300 shares during the period. Advent Capital Management DE bought a new position in shares of American Airlines Group during the 3rd quarter worth approximately $413,000. Morgan Stanley boosted its stake in shares of American Airlines Group by 1.7% during the 3rd quarter. Morgan Stanley now owns 1,988,433 shares of the airline’s stock worth $82,181,000 after acquiring an additional 33,850 shares during the period. Landsberg Bennett & Dubbaneh LLC bought a new position in shares of American Airlines Group during the 4th quarter worth approximately $243,000. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of American Airlines Group by 28.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,291,701 shares of the airline’s stock worth $41,477,000 after acquiring an additional 288,968 shares during the period. 78.96% of the stock is currently owned by hedge funds and other institutional investors.

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American Airlines Group Company Profile (NASDAQ:AAL)

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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