JOYN Advisors Inc. acquired a new stake in American Airlines Group Inc (NASDAQ:AAL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,402 shares of the airline’s stock, valued at approximately $229,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its holdings in American Airlines Group by 215.9% in the third quarter. Daiwa Securities Group Inc. now owns 31,428 shares of the airline’s stock worth $1,493,000 after purchasing an additional 21,478 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in American Airlines Group in the third quarter worth about $2,409,000. U S Global Investors Inc. raised its holdings in 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 worth $14,354,000 after purchasing an additional 5,014 shares in the last quarter. LMR Partners LLP bought a new position in American Airlines Group in the third quarter worth about $12,241,000. Finally, Guardian Capital LP raised its holdings in American Airlines Group by 65.6% in the third quarter. Guardian Capital LP now owns 7,367 shares of the airline’s stock worth $350,000 after purchasing an additional 2,919 shares in the last quarter. Hedge funds and other institutional investors own 80.20% of the company’s stock.
A number of equities analysts have commented on AAL shares. Morgan Stanley reiterated an “equal weight” rating on shares of American Airlines Group in a report on Monday, November 13th. Bank of America upgraded shares of American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 target price for the company in a report on Tuesday, January 9th. Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Buckingham Research boosted their target price on shares of American Airlines Group from $71.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Stephens reiterated a “hold” rating and issued a $62.00 target price on shares of American Airlines Group in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. American Airlines Group currently has a consensus rating of “Buy” and a consensus target price of $61.32.
Shares of American Airlines Group Inc (AAL) opened at $56.07 on Friday. American Airlines Group Inc has a 52 week low of $39.21 and a 52 week high of $59.08. The firm has a market capitalization of $25,923.27, a PE ratio of 14.34, a PEG ratio of 0.55 and a beta of 0.93. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of 5.73.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 25th. The airline reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.03. American Airlines Group had a return on equity of 63.78% and a net margin of 4.55%. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. research analysts forecast that American Airlines Group Inc will post 5.87 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. American Airlines Group’s payout ratio is 10.23%.
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.
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