Ray M. Robinson Sells 3,476 Shares of American Airlines Group, Inc. (AAL) Stock

American Airlines Group, Inc. (NASDAQ:AAL) Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $46.76, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

American Airlines Group, Inc. (NASDAQ AAL) opened at 46.00 on Friday. American Airlines Group, Inc. has a 52-week low of $33.90 and a 52-week high of $54.48. The firm has a market capitalization of $22.40 billion, a price-to-earnings ratio of 11.42 and a beta of 0.98. The company’s 50-day moving average price is $46.92 and its 200 day moving average price is $46.75.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.05. The business had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 EPS. Equities research analysts predict that American Airlines Group, Inc. will post $4.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, August 10th. American Airlines Group’s dividend payout ratio is 9.88%.

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Several analysts have commented on AAL shares. Morgan Stanley lowered their price target on American Airlines Group from $52.00 to $51.00 and set an “equal weight” rating for the company in a report on Friday, September 1st. ValuEngine upgraded American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Bank of America Corporation lifted their price target on American Airlines Group from $40.00 to $42.00 and gave the company an “underperform” rating in a report on Friday, June 30th. Zacks Investment Research cut American Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Citigroup Inc. lifted their price target on American Airlines Group from $58.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $56.78.

Several hedge funds and other institutional investors have recently modified their holdings of AAL. Russell Investments Group Ltd. increased its holdings in shares of American Airlines Group by 6.5% during the 1st quarter. Russell Investments Group Ltd. now owns 121,487 shares of the airline’s stock valued at $5,139,000 after acquiring an additional 7,451 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of American Airlines Group by 13.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 14,361 shares of the airline’s stock valued at $607,000 after acquiring an additional 1,715 shares during the last quarter. Swiss National Bank increased its holdings in shares of American Airlines Group by 21.2% during the 1st quarter. Swiss National Bank now owns 459,100 shares of the airline’s stock valued at $19,420,000 after acquiring an additional 80,400 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of American Airlines Group by 6.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 421,192 shares of the airline’s stock valued at $17,816,000 after acquiring an additional 25,738 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of American Airlines Group during the 1st quarter valued at about $4,733,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for American Airlines Group (NASDAQ:AAL)

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