Coronation Fund Managers Ltd. cut its position in shares of American Airlines Group Inc (NASDAQ:AAL) by 11.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372,223 shares of the airline’s stock after selling 45,897 shares during the quarter. Coronation Fund Managers Ltd. owned about 0.08% of American Airlines Group worth $11,952,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Primecap Management Co. CA boosted its stake in American Airlines Group by 16.3% during the third quarter. Primecap Management Co. CA now owns 68,944,981 shares of the airline’s stock worth $2,849,496,000 after acquiring an additional 9,665,167 shares in the last quarter. Capital World Investors boosted its stake in American Airlines Group by 653.7% during the third quarter. Capital World Investors now owns 6,572,000 shares of the airline’s stock worth $271,621,000 after acquiring an additional 5,700,000 shares in the last quarter. Lansdowne Partners UK LLP boosted its stake in American Airlines Group by 23.5% during the third quarter. Lansdowne Partners UK LLP now owns 7,391,768 shares of the airline’s stock worth $305,501,000 after acquiring an additional 1,407,699 shares in the last quarter. Packer & Co Ltd boosted its stake in American Airlines Group by 275.7% during the fourth quarter. Packer & Co Ltd now owns 1,239,800 shares of the airline’s stock worth $13,627,000 after acquiring an additional 909,800 shares in the last quarter. Finally, RWC Asset Management LLP boosted its stake in American Airlines Group by 40.1% during the third quarter. RWC Asset Management LLP now owns 2,341,296 shares of the airline’s stock worth $96,766,000 after acquiring an additional 669,842 shares in the last quarter. Institutional investors own 82.04% of the company’s stock.
American Airlines Group stock opened at $36.59 on Tuesday. American Airlines Group Inc has a 1-year low of $28.81 and a 1-year high of $57.44. The firm has a market capitalization of $16.79 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 1.18 and a beta of 1.59.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, January 24th. The airline reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. American Airlines Group had a net margin of 3.17% and a negative return on equity of 322.87%. The firm had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.94 billion. During the same period last year, the firm earned $0.95 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts anticipate that American Airlines Group Inc will post 6 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Wednesday, February 6th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Tuesday, February 5th. American Airlines Group’s dividend payout ratio (DPR) is 8.79%.
In other American Airlines Group news, Director Jeffrey D. Benjamin acquired 15,000 shares of the company’s stock in a transaction on Monday, November 19th. The shares were purchased at an average cost of $35.69 per share, with a total value of $535,350.00. Following the completion of the purchase, the director now owns 22,146 shares of the company’s stock, valued at $790,390.74. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.
Several research analysts recently issued reports on AAL shares. Credit Suisse Group started coverage on shares of American Airlines Group in a research note on Monday, November 19th. They set a “neutral” rating and a $41.00 target price on the stock. ValuEngine lowered shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Friday, January 11th. Cowen reissued an “outperform” rating and set a $42.00 target price (down from $43.00) on shares of American Airlines Group in a research note on Thursday, January 10th. Citigroup increased their target price on shares of American Airlines Group from $53.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, November 29th. Finally, Imperial Capital cut their target price on shares of American Airlines Group from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $47.24.
American Airlines Group Company Profile
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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