Ladenburg Thalmann Financial Services Inc. lessened its holdings in American Airlines Group Inc (NASDAQ:AAL) by 35.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,585 shares of the airline’s stock after selling 24,107 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in American Airlines Group were worth $2,269,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in AAL. Johnson Financial Group Inc. purchased a new position in shares of American Airlines Group in the 4th quarter worth approximately $127,000. NuWave Investment Management LLC purchased a new position in shares of American Airlines Group in the 4th quarter worth approximately $145,000. Focused Wealth Management Inc purchased a new position in shares of American Airlines Group in the 4th quarter worth approximately $151,000. Kings Point Capital Management purchased a new position in shares of American Airlines Group in the 4th quarter worth approximately $190,000. Finally, Delpha Capital Management LLC bought a new stake in shares of American Airlines Group in the 4th quarter worth approximately $191,000. Hedge funds and other institutional investors own 80.52% of the company’s stock.
A number of research firms recently commented on AAL. Zacks Investment Research raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Tuesday, March 13th. BidaskClub cut shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Buckingham Research lifted their price target 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. Citigroup lifted their price target on shares of American Airlines Group to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $53.00 price target (up previously from $47.00) on shares of American Airlines Group in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. American Airlines Group has an average rating of “Buy” and a consensus target price of $61.74.
In other news, CEO W Douglas Parker sold 224,572 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total value of $11,749,607.04. Following the transaction, the chief executive officer now owns 1,925,242 shares of the company’s stock, valued at $100,728,661.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Matthew J. Hart sold 35,182 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $51.90, for a total transaction of $1,825,945.80. Following the completion of the transaction, the director now directly owns 33,258 shares in the company, valued at approximately $1,726,090.20. The disclosure for this sale can be found here. Insiders have sold a total of 302,416 shares of company stock worth $15,826,647 in the last three months. Insiders own 0.64% of the company’s stock.
Shares of AAL stock opened at $51.01 on Friday. 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 Inc has a 1-year low of $40.56 and a 1-year high of $59.08. The stock has a market cap of $24,749.88, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.47 and a beta of 0.93.
American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 25th. The airline reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.03. American Airlines Group had a net margin of 4.55% and a return on equity of 63.78%. The business had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. equities research analysts forecast that American Airlines Group Inc will post 5.93 earnings per share for the current fiscal year.
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American Airlines Group 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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