American Airlines Group Inc (AAL) Stake Lowered by Anchor Bolt Capital LP
Anchor Bolt Capital LP decreased its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 55.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 656,433 shares of the airline’s stock after selling 820,107 shares during the period. Anchor Bolt Capital LP owned 0.14% of American Airlines Group worth $31,174,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of AAL. Caisse DE Depot ET Placement DU Quebec raised its holdings in American Airlines Group by 5.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 81,367 shares of the airline’s stock worth $3,880,000 after purchasing an additional 4,500 shares during the last quarter. Stifel Financial Corp increased its stake in shares of American Airlines Group by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 231,497 shares of the airline’s stock valued at $10,964,000 after acquiring an additional 28,232 shares during the last quarter. FDO Partners LLC bought a new stake in shares of American Airlines Group in the 3rd quarter valued at about $378,000. Shufro Rose & Co. LLC increased its stake in shares of American Airlines Group by 21.7% in the 3rd quarter. Shufro Rose & Co. LLC now owns 6,263 shares of the airline’s stock valued at $297,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Telemark Asset Management LLC bought a new stake in shares of American Airlines Group in the 3rd quarter valued at about $3,324,000. Institutional investors and hedge funds own 81.29% of the company’s stock.
In other American Airlines Group news, Director Ray M. Robinson sold 3,476 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the sale, the director now owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alberto Ibarguen sold 4,229 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $47.60, for a total value of $201,300.40. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.
A number of analysts recently issued reports on AAL shares. Morgan Stanley lowered their target price on American Airlines Group from $52.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, September 1st. J P Morgan Chase & Co raised American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price target for the company in a research report on Wednesday, November 1st. Citigroup reaffirmed a “buy” rating on shares of American Airlines Group in a research report on Wednesday, September 13th. Barclays raised American Airlines Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $55.00 to $65.00 in a research report on Friday, September 22nd. Finally, Buckingham Research reaffirmed a “buy” rating on shares of American Airlines Group in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $58.47.
Shares of American Airlines Group Inc (AAL) opened at $49.61 on Thursday. The company has a market capitalization of $23,671.35, a P/E ratio of 10.16 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63. American Airlines Group Inc has a twelve month low of $39.21 and a twelve month high of $54.48.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, beating the consensus estimate of $1.40 by $0.02. The company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.88 billion. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.80 EPS. analysts forecast that American Airlines Group Inc will post 4.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, November 10th. American Airlines Group’s payout ratio is presently 10.18%.
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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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