Principal Financial Group Inc. trimmed its stake in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 13.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 648,297 shares of the airline’s stock after selling 100,689 shares during the quarter. Principal Financial Group Inc. owned 0.13% of American Airlines Group worth $30,787,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in American Airlines Group in the 2nd quarter worth about $207,000. Mn Services Vermogensbeheer B.V. increased its stake in American Airlines Group by 498.7% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 20,530 shares of the airline’s stock worth $1,033,000 after acquiring an additional 17,101 shares during the last quarter. Aperio Group LLC increased its stake in American Airlines Group by 17.5% in the 2nd quarter. Aperio Group LLC now owns 131,487 shares of the airline’s stock worth $6,616,000 after acquiring an additional 19,590 shares during the last quarter. Sabal Trust CO bought a new position in American Airlines Group in the 2nd quarter worth about $201,000. Finally, Huntington National Bank increased its stake in American Airlines Group by 71.9% in the 2nd quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock worth $132,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.
AAL has been the subject of a number of research reports. Imperial Capital reiterated an “in-line” rating and issued a $49.00 price objective (up from $43.00) on shares of American Airlines Group in a report on Sunday, July 23rd. BidaskClub cut American Airlines Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research cut American Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Sanford C. Bernstein reiterated a “hold” rating on shares of American Airlines Group in a report on Monday, August 7th. Finally, Cowen and Company upped their price objective on American Airlines Group from $55.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, October 10th. Two investment 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 stock. The stock has an average rating of “Buy” and a consensus target price of $58.47.
American Airlines Group, Inc. (NASDAQ AAL) opened at $47.39 on Friday. The company has a market capitalization of $22,676.07, a P/E ratio of 9.73 and a beta of 0.97. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63. American Airlines Group, Inc. has a 52-week low of $39.21 and a 52-week high of $54.48.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.02. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The firm had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.88 billion. During the same quarter in the prior year, the company earned $2.80 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. equities research analysts forecast that American Airlines Group, Inc. will post 4.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, November 10th. American Airlines Group’s dividend payout ratio is currently 10.18%.
In other news, Director Ray M. Robinson sold 3,476 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.
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.
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