American Airlines Group Inc (AAL) Position Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of American Airlines Group Inc (NASDAQ:AAL) by 1.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 949,377 shares of the airline’s stock after selling 12,449 shares during the period. New York State Common Retirement Fund owned 0.20% of American Airlines Group worth $45,086,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wetherby Asset Management Inc. increased its position in American Airlines Group by 1.0% during the second quarter. Wetherby Asset Management Inc. now owns 4,969 shares of the airline’s stock worth $250,000 after purchasing an additional 47 shares during the last quarter. Westside Investment Management Inc. increased its position in American Airlines Group by 3.5% during the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after purchasing an additional 72 shares during the last quarter. First Manhattan Co. increased its position in American Airlines Group by 3.3% during the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after purchasing an additional 75 shares during the last quarter. Thrivent Financial For Lutherans increased its position in American Airlines Group by 0.6% during the second quarter. Thrivent Financial For Lutherans now owns 21,507 shares of the airline’s stock worth $1,090,000 after purchasing an additional 130 shares during the last quarter. Finally, Cadence Capital Management LLC increased its position in American Airlines Group by 0.7% during the second quarter. Cadence Capital Management LLC now owns 19,841 shares of the airline’s stock worth $998,000 after purchasing an additional 140 shares during the last quarter. 81.29% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on AAL shares. Morgan Stanley reissued an “equal weight” rating and issued a $51.00 price objective (up previously from $47.00) on shares of American Airlines Group in a research report on Monday, October 2nd. Cowen reissued an “outperform” rating and issued a $55.00 price objective on shares of American Airlines Group in a research report on Tuesday, September 26th. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 price objective on shares of American Airlines Group in a research report on Tuesday, August 22nd. Zacks Investment Research lowered shares of American Airlines Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 2nd. Finally, Vetr raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $51.52 price objective for the company in a research report on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $58.47.

Shares of American Airlines Group Inc (NASDAQ AAL) opened at $49.61 on Thursday. The firm has a market cap of $23,671.35, a price-to-earnings ratio of 10.16 and a beta of 0.99. American Airlines Group Inc has a fifty-two week low of $39.21 and a fifty-two week high of $54.48. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.02. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The firm had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.88 billion. During the same period in the prior year, the firm posted $2.80 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. equities analysts anticipate that American Airlines Group Inc will post 4.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.81%. American Airlines Group’s payout ratio is currently 10.18%.

In related news, Director Alberto Ibarguen sold 4,229 shares of American Airlines Group stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $47.60, for a total value of $201,300.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the sale, the director now owns 29,938 shares in the company, valued at $1,399,900.88. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

TRADEMARK VIOLATION WARNING: “American Airlines Group Inc (AAL) Position Lessened by New York State Common Retirement Fund” was published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://www.com-unik.info/2017/12/07/american-airlines-group-inc-aal-position-lessened-by-new-york-state-common-retirement-fund.html.

About American Airlines Group

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.

Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc (NASDAQ:AAL).

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

What are top analysts saying about American Airlines Group Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for American Airlines Group Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit