Keybank National Association OH reduced its position in shares of American Airlines Group Inc (NASDAQ:AAL) by 42.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,580 shares of the airline’s stock after selling 4,155 shares during the period. Keybank National Association OH’s holdings in American Airlines Group were worth $290,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its stake in shares of American Airlines Group by 215.9% in the third quarter. Daiwa Securities Group Inc. now owns 31,428 shares of the airline’s stock valued at $1,493,000 after acquiring an additional 21,478 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of American Airlines Group in the third quarter valued at $2,409,000. U S Global Investors Inc. raised its stake in shares of American Airlines Group by 1.7% in the third quarter. U S Global Investors Inc. now owns 302,245 shares of the airline’s stock valued at $14,354,000 after acquiring an additional 5,014 shares in the last quarter. Schwartz Investment Counsel Inc. acquired a new stake in shares of American Airlines Group in the third quarter valued at $3,210,000. Finally, LMR Partners LLP acquired a new stake in shares of American Airlines Group in the third quarter valued at $12,241,000. Institutional investors and hedge funds own 81.69% of the company’s stock.
Several brokerages have recently issued reports on AAL. Morgan Stanley reiterated an “equal weight” rating and issued a $59.00 price objective (down from $60.00) on shares of American Airlines Group in a research note on Friday, February 23rd. Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $52.59 to $62.00 in a research note on Wednesday, January 31st. Zacks Investment Research upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, February 13th. BidaskClub cut American Airlines Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, Imperial Capital restated an “in-line” rating and issued a $53.00 price target (up from $47.00) on shares of American Airlines Group in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $61.32.
Shares of American Airlines Group Inc (NASDAQ:AAL) opened at $54.26 on Wednesday. American Airlines Group Inc has a 52 week low of $39.21 and a 52 week high of $59.08. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 5.73. The firm has a market capitalization of $26,022.63, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 0.55 and a beta of 0.96.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 25th. The airline reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.03. The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. American Airlines Group had a return on equity of 63.78% and a net margin of 4.55%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. equities research analysts predict that American Airlines Group Inc will post 5.87 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, February 5th. American Airlines Group’s payout ratio is 10.23%.
COPYRIGHT VIOLATION NOTICE: This report was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.tickerreport.com/banking-finance/3227616/american-airlines-group-inc-aal-shares-sold-by-keybank-national-association-oh.html.
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.
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).
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.