Shares of American Airlines Group Inc (NASDAQ:AAL) reached a new 52-week low during trading on Thursday . The stock traded as low as $25.63 and last traded at $25.69, with a volume of 2203701 shares traded. The stock had previously closed at $26.10.
A number of analysts have issued reports on the stock. Imperial Capital reiterated an “in-line” rating and issued a $41.00 target price (down from $43.00) on shares of American Airlines Group in a research note on Tuesday, April 30th. ValuEngine cut shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 27th. Standpoint Research assumed coverage on shares of American Airlines Group in a research note on Wednesday, June 5th. They issued a “buy” rating for the company. Barclays reduced their target price 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. Finally, Morgan Stanley cut shares of American Airlines Group from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $40.00 to $26.00 in a research note on Monday, May 20th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. American Airlines Group currently has a consensus rating of “Hold” and an average target price of $41.19.
The stock has a market capitalization of $11.55 billion, a P/E ratio of 5.58, a P/E/G ratio of 0.33 and a beta of 1.66. The firm’s 50-day moving average is $31.52.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, July 25th. The airline reported $1.82 EPS for the quarter, beating the Zacks’ 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 company had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.98 billion. During the same quarter last year, the firm posted $1.63 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that American Airlines Group Inc will post 4.98 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Investors 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 yield of 1.58%. The ex-dividend date of this dividend is Tuesday, August 6th. American Airlines Group’s dividend payout ratio (DPR) is currently 8.79%.
In related news, Director Michael J. Embler bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $28.18 per share, with a total value of $112,720.00. Following the completion of the transaction, the director now owns 30,969 shares of the company’s stock, valued at approximately $872,706.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen L. Johnson bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average cost of $27.72 per share, for a total transaction of $138,600.00. Following the transaction, the executive vice president now directly owns 622,580 shares of the company’s stock, valued at approximately $17,257,917.60. 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 ninety days. 0.86% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. First Dallas Securities Inc. increased its holdings in American Airlines Group by 0.6% in the 1st quarter. First Dallas Securities Inc. now owns 63,330 shares of the airline’s stock valued at $2,011,000 after buying an additional 367 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in American Airlines Group by 1.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,875 shares of the airline’s stock valued at $746,000 after buying an additional 375 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in American Airlines Group by 1.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,804 shares of the airline’s stock valued at $915,000 after buying an additional 405 shares during the period. NJ State Employees Deferred Compensation Plan increased its holdings in American Airlines Group by 5.8% in the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 7,872 shares of the airline’s stock valued at $257,000 after buying an additional 433 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. increased its holdings in American Airlines Group by 69.4% in the 1st 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 period. 78.83% of the stock is currently owned by institutional investors and hedge funds.
About American Airlines Group (NASDAQ:AAL)
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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