American Airlines Group Inc (NASDAQ:AAL) President Purchases $65,850.00 in Stock

American Airlines Group Inc (NASDAQ:AAL) President Robert D. Isom, Jr. bought 2,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were bought at an average cost of $26.34 per share, with a total value of $65,850.00. Following the purchase, the president now directly owns 771,271 shares in the company, valued at $20,315,278.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

AAL traded up $0.10 during trading on Friday, hitting $27.79. The stock had a trading volume of 5,244,134 shares, compared to its average volume of 7,309,230. The firm has a market cap of $12.33 billion, a PE ratio of 6.11, a P/E/G ratio of 0.34 and a beta of 1.72. American Airlines Group Inc has a 12 month low of $24.23 and a 12 month high of $43.89. The company has a 50 day simple moving average of $28.40 and a 200-day simple moving average of $31.50.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, July 25th. The airline reported $1.82 EPS for the quarter, topping the consensus estimate of $1.77 by $0.05. American Airlines Group had a net margin of 3.35% and a negative return on equity of 588.10%. The firm had revenue of $11.96 billion for the quarter, compared to the consensus estimate of $11.98 billion. During the same quarter last year, the firm posted $1.63 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts forecast that American Airlines Group Inc will post 4.9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.40 annualized dividend and a dividend yield of 1.44%. American Airlines Group’s payout ratio is 8.79%.

A number of brokerages have issued reports on AAL. Macquarie lowered shares of American Airlines Group from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $43.00 to $34.00 in a research note on Monday, July 29th. Credit Suisse Group lowered shares of American Airlines Group from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $32.00 to $30.00 in a research note on Monday, July 8th. Barclays reduced their price objective on shares of American Airlines Group from $60.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday, May 20th. Buckingham Research dropped their target price on shares of American Airlines Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Finally, Deutsche Bank set a $42.00 target price on shares of American Airlines Group and gave the stock a “buy” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. American Airlines Group has an average rating of “Hold” and a consensus target price of $40.82.

Several large investors have recently bought and sold shares of the company. Atria Investments LLC acquired a new stake in shares of American Airlines Group during the 2nd quarter valued at about $162,000. Hodges Capital Management Inc. boosted its position in shares of American Airlines Group by 6.4% during the 2nd quarter. Hodges Capital Management Inc. now owns 395,511 shares of the airline’s stock valued at $12,898,000 after acquiring an additional 23,653 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of American Airlines Group during the 2nd quarter valued at about $65,000. Kovitz Investment Group Partners LLC boosted its position in shares of American Airlines Group by 1.3% during the 2nd quarter. Kovitz Investment Group Partners LLC now owns 1,759,350 shares of the airline’s stock valued at $57,372,000 after acquiring an additional 21,809 shares in the last quarter. Finally, WealthStone Inc. acquired a new stake in shares of American Airlines Group during the 2nd quarter valued at about $68,000. Institutional investors own 78.69% of the company’s stock.

About American Airlines Group

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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