Royal London Asset Management Ltd. Has $1.49 Million Stock Position in American Airlines Group Inc (NASDAQ:AAL)

Royal London Asset Management Ltd. reduced its holdings in American Airlines Group Inc (NASDAQ:AAL) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 45,767 shares of the airline’s stock after selling 677 shares during the quarter. Royal London Asset Management Ltd.’s holdings in American Airlines Group were worth $1,492,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AAL. Geode Capital Management LLC increased its position in American Airlines Group by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 5,530,993 shares of the airline’s stock valued at $177,362,000 after acquiring an additional 366,191 shares during the period. U S Global Investors Inc. increased its position in American Airlines Group by 83.4% in the 1st quarter. U S Global Investors Inc. now owns 585,558 shares of the airline’s stock valued at $18,709,000 after acquiring an additional 266,256 shares during the period. State of New Jersey Common Pension Fund D increased its position in American Airlines Group by 86.7% in 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 acquiring an additional 260,000 shares during the period. Candriam Luxembourg S.C.A. acquired a new position in American Airlines Group in the 1st quarter valued at approximately $7,886,000. Finally, Packer & Co Ltd increased its position in American Airlines Group by 50.4% in the 2nd quarter. Packer & Co Ltd now owns 638,400 shares of the airline’s stock valued at $20,818,000 after acquiring an additional 214,000 shares during the period. Hedge funds and other institutional investors own 78.83% of the company’s stock.

AAL opened at $25.41 on Friday. American Airlines Group Inc has a twelve month low of $25.14 and a twelve month high of $43.89. The company has a fifty day moving average of $31.40 and a 200-day moving average of $32.52. The stock has a market cap of $12.25 billion, a PE ratio of 5.58, a price-to-earnings-growth ratio of 0.33 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 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.05. The business had revenue of $11.96 billion during the quarter, compared to analysts’ expectations of $11.98 billion. American Airlines Group had a net margin of 3.35% and a negative return on equity of 588.10%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $1.63 earnings per share. On average, equities research analysts anticipate that American Airlines Group Inc will post 5.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, August 6th. American Airlines Group’s payout ratio is 8.79%.

Several equities analysts have issued reports on AAL shares. Citigroup set a $54.00 price target on shares of American Airlines Group and gave the company a “buy” rating in a research report on Friday, July 26th. ValuEngine cut shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 27th. Credit Suisse Group cut shares of American Airlines Group from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $32.00 to $30.00 in a research report on Monday, July 8th. Macquarie cut shares of American Airlines Group from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $43.00 to $34.00 in a research report on Monday, July 29th. Finally, BidaskClub cut shares of American Airlines Group from a “hold” rating to a “sell” rating in a research report on Friday. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $41.19.

In other American Airlines Group news, Director Ray M. Robinson sold 6,930 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $29.11, for a total value of $201,732.30. Following the completion of the sale, the director now directly owns 29,754 shares in the company, valued at $866,138.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO W Douglas Parker purchased 50,000 shares of American Airlines Group stock in a transaction on Tuesday, June 4th. The stock was bought at an average price of $28.09 per share, with a total value of $1,404,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,201,636 shares of the company’s stock, valued at approximately $61,843,955.24. The disclosure for this purchase can be found here. Insiders acquired 99,000 shares of company stock valued at $2,787,070 over the last 90 days. 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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