Public Employees Retirement Association of Colorado lowered its holdings in American Airlines Group Inc (NASDAQ:AAL) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,348 shares of the airline’s stock after selling 1,131 shares during the period. Public Employees Retirement Association of Colorado’s holdings in American Airlines Group were worth $729,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new position in American Airlines Group in the second quarter worth about $25,000. NEXT Financial Group Inc raised its holdings in shares of American Airlines Group by 4,545.5% during the second quarter. NEXT Financial Group Inc now owns 1,022 shares of the airline’s stock valued at $33,000 after buying an additional 1,000 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of American Airlines Group by 69.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,067 shares of the airline’s stock valued at $34,000 after buying an additional 437 shares during the last quarter. Howe & Rusling Inc. bought a new stake in shares of American Airlines Group during the first quarter valued at approximately $39,000. Finally, CWM LLC bought a new stake in shares of American Airlines Group during the first quarter valued at approximately $43,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ AAL opened at $26.14 on Wednesday. American Airlines Group Inc has a 12 month low of $25.14 and a 12 month high of $43.89. The firm has a market capitalization of $11.50 billion, a PE ratio of 5.75, a P/E/G ratio of 0.31 and a beta of 1.66. The company’s 50 day simple moving average is $30.74 and its 200 day simple moving average is $32.34.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.53%. American Airlines Group’s dividend payout ratio is presently 8.79%.
A number of equities research analysts have recently weighed in on the company. Citigroup set a $54.00 price target on American Airlines Group and gave the company a “buy” rating in a report on Friday, July 26th. Barclays cut their price target on American Airlines Group from $60.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday, May 20th. Cowen reaffirmed an “outperform” rating and set a $41.00 price target (down previously from $42.00) on shares of American Airlines Group in a report on Monday, April 29th. Zacks Investment Research raised American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, BidaskClub cut American Airlines Group from a “hold” rating to a “sell” rating in a report on Friday, August 16th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $41.19.
In other American Airlines Group news, Director Ray M. Robinson sold 6,930 shares of American Airlines Group stock in a transaction that occurred 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 transaction, the director now owns 29,754 shares in the company, valued at $866,138.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Robert D. Isom, Jr. purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average price of $27.75 per share, for a total transaction of $416,250.00. Following the transaction, the president now owns 768,771 shares of the company’s stock, valued at approximately $21,333,395.25. The disclosure for this purchase can be found here. Insiders have purchased 99,000 shares of company stock worth $2,787,070 in the last quarter. Company insiders own 0.86% of the company’s stock.
American Airlines Group Company 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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