Brave Asset Management Inc. decreased its holdings in shares of American Airlines Group Inc (NASDAQ:AAL) by 66.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,950 shares of the airline’s stock after selling 23,334 shares during the quarter. Brave Asset Management Inc.’s holdings in American Airlines Group were worth $384,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. LS Investment Advisors LLC grew its stake in shares of American Airlines Group by 38.5% in the fourth quarter. LS Investment Advisors LLC now owns 18,279 shares of the airline’s stock valued at $587,000 after buying an additional 5,077 shares in the last quarter. Financial Architects Inc acquired a new stake in shares of American Airlines Group in the fourth quarter valued at $241,000. Creative Planning grew its stake in shares of American Airlines Group by 133.3% in the fourth quarter. Creative Planning now owns 511,754 shares of the airline’s stock valued at $16,432,000 after buying an additional 292,353 shares in the last quarter. Dupont Capital Management Corp grew its stake in shares of American Airlines Group by 4.1% in the fourth quarter. Dupont Capital Management Corp now owns 130,264 shares of the airline’s stock valued at $4,183,000 after buying an additional 5,104 shares in the last quarter. Finally, First Mercantile Trust Co. grew its stake in shares of American Airlines Group by 5.4% in the fourth quarter. First Mercantile Trust Co. now owns 19,042 shares of the airline’s stock valued at $611,000 after buying an additional 976 shares in the last quarter. 81.21% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on AAL shares. ValuEngine cut American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Friday, January 11th. JPMorgan Chase & Co. set a $53.00 price objective on American Airlines Group and gave the company a “buy” rating in a research note on Monday, October 15th. Macquarie set a $53.00 price objective on American Airlines Group and gave the company a “buy” rating in a research note on Tuesday, January 29th. Citigroup lifted their price objective on American Airlines Group from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, November 29th. Finally, BidaskClub raised American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $47.94.
AAL opened at $36.93 on Wednesday. American Airlines Group Inc has a 12 month low of $28.81 and a 12 month high of $57.44. The firm has a market cap of $16.94 billion, a P/E ratio of 8.12, a P/E/G ratio of 1.20 and a beta of 1.59.
American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, January 24th. The airline reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.03. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. The firm had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.94 billion. During the same period in the previous year, the firm posted $0.95 EPS. American Airlines Group’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts anticipate that American Airlines Group Inc will post 6.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Wednesday, February 6th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, February 5th. This represents a $0.40 annualized dividend and a yield of 1.08%. American Airlines Group’s payout ratio is 8.79%.
In other American Airlines Group news, Director Jeffrey D. Benjamin purchased 15,000 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was bought at an average cost of $35.69 per share, with a total value of $535,350.00. Following the acquisition, the director now directly owns 22,146 shares of the company’s stock, valued at $790,390.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.
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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, 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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