Sanford C. Bernstein Reiterates “Hold” Rating for American Airlines Group, Inc. (AAL)

Sanford C. Bernstein restated their hold rating on shares of American Airlines Group, Inc. (NASDAQ:AAL) in a report released on Monday.

Other research analysts also recently issued reports about the company. Vetr upgraded American Airlines Group from a hold rating to a buy rating and set a $49.75 price objective for the company in a research report on Monday, April 24th. Deutsche Bank AG cut their price objective on American Airlines Group from $55.00 to $54.00 and set a buy rating for the company in a research report on Friday, April 28th. Stifel Nicolaus restated a buy rating on shares of American Airlines Group in a research report on Friday, May 26th. BidaskClub downgraded American Airlines Group from a strong-buy rating to a buy rating in a research report on Friday, June 16th. Finally, Zacks Investment Research upgraded American Airlines Group from a hold rating to a buy rating and set a $55.00 price objective for the company in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. American Airlines Group currently has a consensus rating of Hold and a consensus price target of $53.57.

Shares of American Airlines Group (NASDAQ:AAL) opened at 48.55 on Monday. The firm’s 50-day moving average price is $51.03 and its 200 day moving average price is $46.87. American Airlines Group has a 1-year low of $33.90 and a 1-year high of $54.48. The stock has a market capitalization of $23.64 billion, a price-to-earnings ratio of 12.05 and a beta of 0.96.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.05. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The firm had revenue of $11.11 billion during the quarter, compared to the consensus estimate of $11.08 billion. During the same period in the previous year, the firm posted $1.77 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts expect that American Airlines Group will post $5.12 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.82%. American Airlines Group’s dividend payout ratio is presently 9.88%.

In other news, VP Derek J. Kerr sold 104,223 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the completion of the sale, the vice president now directly owns 591,195 shares of the company’s stock, valued at approximately $29,559,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elise R. Eberwein sold 33,400 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the sale, the executive vice president now directly owns 362,368 shares of the company’s stock, valued at $18,024,184.32. The disclosure for this sale can be found here. Insiders have sold a total of 187,623 shares of company stock valued at $9,389,966 over the last three months. Corporate insiders own 0.64% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the company. MCF Advisors LLC acquired a new stake in shares of American Airlines Group during the second quarter worth $106,000. First Manhattan Co. boosted its stake in shares of American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after buying an additional 75 shares during the period. D. Scott Neal Inc. acquired a new stake in shares of American Airlines Group during the second quarter worth $120,000. Huntington National Bank boosted its stake in shares of American Airlines Group by 71.9% in the second quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock worth $132,000 after buying an additional 1,100 shares during the period. Finally, FNY Managed Accounts LLC boosted its stake in shares of American Airlines Group by 146.9% in the second quarter. FNY Managed Accounts LLC now owns 2,810 shares of the airline’s stock worth $141,000 after buying an additional 1,672 shares during the period. 81.51% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Company Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

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