Lord Abbett & CO. LLC Sells 3,100 Shares of American Airlines Group Inc (AAL)

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Lord Abbett & CO. LLC decreased its holdings in American Airlines Group Inc (NASDAQ:AAL) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 119,300 shares of the airline’s stock after selling 3,100 shares during the quarter. Lord Abbett & CO. LLC’s holdings in American Airlines Group were worth $3,831,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AAL. Signet Investment Advisory Group Inc. acquired a new position in American Airlines Group in the fourth quarter worth approximately $32,000. Capital Investment Advisory Services LLC acquired a new position in American Airlines Group in the fourth quarter worth approximately $32,000. JNBA Financial Advisors acquired a new position in American Airlines Group in the fourth quarter worth approximately $32,000. IMS Capital Management acquired a new position in American Airlines Group in the third quarter worth approximately $35,000. Finally, Financial Gravity Companies Inc. acquired a new position in American Airlines Group in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 80.83% of the company’s stock.

American Airlines Group stock opened at $31.45 on Friday. American Airlines Group Inc has a 12 month low of $28.81 and a 12 month high of $54.18. The firm has a market cap of $13.90 billion, a PE ratio of 6.91, a P/E/G ratio of 0.32 and a beta of 1.55.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 24th. The airline reported $1.04 EPS for the quarter, beating the consensus estimate 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 business had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.94 billion. During the same period in the previous year, the company posted $0.95 EPS. American Airlines Group’s revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts predict that American Airlines Group Inc will post 5.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Wednesday, February 6th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Tuesday, February 5th. American Airlines Group’s dividend payout ratio is currently 8.79%.

AAL has been the topic of several recent research reports. Imperial Capital lifted their price target on shares of American Airlines Group from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 4th. They noted that the move was a valuation call. Citigroup lowered their price objective on shares of American Airlines Group from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, March 8th. Zacks Investment Research upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Thursday, December 13th. Susquehanna Bancshares initiated coverage on shares of American Airlines Group in a research report on Wednesday, November 28th. They set a “positive” rating and a $47.00 price objective on the stock. Finally, BidaskClub cut shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. American Airlines Group currently has an average rating of “Hold” and an average price target of $46.39.

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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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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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