Game Creek Capital LP Decreases Stock Holdings in American Airlines Group Inc (NASDAQ:AAL)

Game Creek Capital LP trimmed its position in shares of American Airlines Group Inc (NASDAQ:AAL) by 22.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,750 shares of the airline’s stock after selling 34,250 shares during the period. American Airlines Group makes up approximately 2.2% of Game Creek Capital LP’s holdings, making the stock its 19th biggest holding. Game Creek Capital LP’s holdings in American Airlines Group were worth $3,840,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of American Airlines Group by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 5,530,993 shares of the airline’s stock valued at $177,362,000 after purchasing an additional 366,191 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of American Airlines Group by 5.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 2,028,453 shares of the airline’s stock valued at $64,424,000 after purchasing an additional 107,291 shares during the last quarter. Packer & Co Ltd increased its position in shares of American Airlines Group by 50.4% during the 2nd quarter. Packer & Co Ltd now owns 638,400 shares of the airline’s stock valued at $20,818,000 after purchasing an additional 214,000 shares during the last quarter. U S Global Investors Inc. increased its position in shares of American Airlines Group by 83.4% during the 1st quarter. U S Global Investors Inc. now owns 585,558 shares of the airline’s stock valued at $18,709,000 after purchasing an additional 266,256 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of American Airlines Group by 86.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 560,000 shares of the airline’s stock valued at $18,262,000 after purchasing an additional 260,000 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of AAL traded down $0.41 during midday trading on Tuesday, reaching $25.69. 258,811 shares of the stock were exchanged, compared to its average volume of 7,539,517. American Airlines Group Inc has a 52 week low of $25.14 and a 52 week high of $43.89. The company’s 50 day moving average is $30.88 and its two-hundred day moving average is $32.39. The company has a market capitalization of $11.62 billion, a P/E ratio of 5.64, a PEG ratio of 0.31 and a beta of 1.66.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, July 25th. The airline reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.05. American Airlines Group had a negative return on equity of 588.10% and a net margin of 3.35%. The business had revenue of $11.96 billion for the quarter, compared to the consensus estimate of $11.98 billion. During the same quarter in the prior year, the company earned $1.63 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Analysts forecast that American Airlines Group Inc will post 4.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Tuesday, August 6th. American Airlines Group’s payout ratio is 8.79%.

Several equities analysts have recently weighed in on AAL shares. Standpoint Research started coverage on American Airlines Group in a research report on Wednesday, June 5th. They set a “buy” rating on the stock. Credit Suisse Group downgraded American Airlines Group from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $32.00 to $30.00 in a research report on Monday, July 8th. Imperial Capital reaffirmed 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. Zacks Investment Research raised American Airlines Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Morgan Stanley downgraded American Airlines Group from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $40.00 to $26.00 in a research report on Monday, May 20th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. American Airlines Group has an average rating of “Hold” and an average price target of $41.19.

In related news, Director Michael J. Embler acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $28.18 per share, for a total transaction of $112,720.00. Following the purchase, the director now directly owns 30,969 shares of the company’s stock, valued at approximately $872,706.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO W Douglas Parker acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average price of $28.09 per share, with a total value of $1,404,500.00. Following the completion of the purchase, the chief executive officer now directly owns 2,201,636 shares in the company, valued at $61,843,955.24. The disclosure for this purchase can be found here. Insiders have bought a total of 99,000 shares of company stock worth $2,787,070 in the last three months. Corporate insiders own 0.86% 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, 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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