Biegel & Waller LLC boosted its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 12.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,592 shares of the airline’s stock after buying an additional 1,092 shares during the period. Biegel & Waller LLC’s holdings in American Airlines Group were worth $305,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Accurate Investment Solutions Inc. increased its holdings in shares of American Airlines Group by 100.0% in the 1st quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock worth $25,000 after purchasing an additional 400 shares in the last quarter. Signet Investment Advisory Group Inc. bought a new stake in shares of American Airlines Group in the 4th quarter worth $32,000. Capital Investment Advisory Services LLC bought a new stake in shares of American Airlines Group in the 4th quarter worth $32,000. JNBA Financial Advisors bought a new stake in shares of American Airlines Group in the 4th quarter worth $32,000. Finally, Howe & Rusling Inc. bought a new stake in shares of American Airlines Group in the 1st quarter worth $39,000. 81.56% of the stock is owned by institutional investors.
A number of research firms have commented on AAL. Cowen reissued an “outperform” rating and issued a $42.00 target price (down previously from $43.00) on shares of American Airlines Group in a report on Thursday, January 10th. Deutsche Bank lowered American Airlines Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $28.81 to $35.63 in a report on Friday, March 1st. ValuEngine lowered American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Friday, February 15th. BidaskClub lowered American Airlines Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $46.00 price objective (up previously from $42.00) on shares of American Airlines Group in a report on Friday, January 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $44.94.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Friday, April 26th. The airline reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. American Airlines Group had a negative return on equity of 356.47% and a net margin of 3.15%. The company had revenue of $10.58 billion during the quarter, compared to analyst estimates of $10.61 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. American Airlines Group’s revenue was up 1.8% compared to the same quarter last year. On average, analysts forecast that American Airlines Group Inc will post 5.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, May 7th. American Airlines Group’s payout ratio is currently 8.79%.
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, 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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