Rampart Investment Management Company LLC grew its position in American Airlines Group Inc (NASDAQ:AAL) by 96.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,429 shares of the airline’s stock after purchasing an additional 4,136 shares during the quarter. Rampart Investment Management Company LLC’s holdings in American Airlines Group were worth $172,398,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of American Airlines Group in the second quarter valued at $757,000. Victory Capital Management Inc. lifted its stake in shares of American Airlines Group by 11.1% in the second quarter. Victory Capital Management Inc. now owns 50,971 shares of the airline’s stock valued at $1,935,000 after buying an additional 5,103 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of American Airlines Group in the second quarter valued at $1,656,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of American Airlines Group by 11.6% in the second quarter. Nomura Asset Management Co. Ltd. now owns 29,336 shares of the airline’s stock valued at $1,114,000 after buying an additional 3,051 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of American Airlines Group by 15.4% in the second quarter. Toronto Dominion Bank now owns 238,111 shares of the airline’s stock valued at $9,037,000 after buying an additional 31,758 shares in the last quarter. 81.16% of the stock is currently owned by institutional investors.
In related news, Director Jeffrey D. Benjamin acquired 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was acquired at an average price of $35.69 per share, for a total transaction of $535,350.00. Following the completion of the acquisition, the director now owns 22,146 shares of the company’s stock, valued at approximately $790,390.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Cahill acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The shares were bought at an average price of $33.47 per share, with a total value of $836,750.00. Following the acquisition, the director now directly owns 6,531 shares of the company’s stock, valued at approximately $218,592.57. The disclosure for this purchase can be found here. Company insiders own 0.70% of the company’s stock.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 25th. The airline reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $11.55 billion. American Airlines Group had a net margin of 3.06% and a return on equity of 568.86%. As a group, sell-side analysts expect that American Airlines Group Inc will post 4.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 5th. This represents a $0.40 dividend on an annualized basis and a yield of 1.23%. American Airlines Group’s dividend payout ratio (DPR) is presently 8.20%.
AAL has been the topic of a number of recent research reports. Imperial Capital raised their price objective on shares of American Airlines Group from $52.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, September 27th. JPMorgan Chase & Co. set a $53.00 price objective on shares of American Airlines Group and gave the company a “buy” rating in a research note on Monday, October 15th. BidaskClub raised shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 18th. Cowen lowered their target price on shares of American Airlines Group from $48.00 to $46.00 and set an “outperform” rating for the company in a report on Tuesday, October 9th. Finally, Citigroup increased their target price on shares of American Airlines Group from $53.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. American Airlines Group has an average rating of “Buy” and an average price target of $49.06.
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About American Airlines Group
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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