Sentry Investment Management LLC trimmed its stake in American Airlines Group Inc (NASDAQ:AAL) by 0.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,741 shares of the airline’s stock after selling 987 shares during the quarter. Sentry Investment Management LLC’s holdings in American Airlines Group were worth $3,962,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Accurate Investment Solutions Inc. lifted its position in shares of American Airlines Group by 100.0% in the first quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock valued at $25,000 after buying an additional 400 shares during the last quarter. Signet Investment Advisory Group Inc. acquired a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $32,000. Capital Investment Advisory Services LLC acquired a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $32,000. JNBA Financial Advisors acquired a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $32,000. Finally, Howe & Rusling Inc. acquired a new stake in shares of American Airlines Group in the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 82.07% of the company’s stock.
Several analysts recently weighed in on AAL shares. Imperial Capital reissued an “outperform” rating and set a $46.00 price target (up from $42.00) on shares of American Airlines Group in a report on Friday, January 25th. ValuEngine raised American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Friday, January 25th. Macquarie set a $53.00 price target on American Airlines Group and gave the stock a “buy” rating in a report on Tuesday, January 29th. Vertical Research started coverage on American Airlines Group in a report on Monday, February 4th. They set a “hold” rating for the company. Finally, Argus started coverage on American Airlines Group in a report on Friday, February 8th. They set a “hold” rating and a $36.00 price target for the company. Three analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.31.
NASDAQ AAL traded down $0.65 during midday trading on Monday, hitting $31.09. The company had a trading volume of 4,492,727 shares, compared to its average volume of 4,986,123. The stock has a market capitalization of $14.12 billion, a PE ratio of 6.83, a P/E/G ratio of 1.98 and a beta of 1.54. American Airlines Group Inc has a twelve month low of $28.81 and a twelve month high of $45.82.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, April 26th. The airline reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $10.58 billion during the quarter, compared to analysts’ expectations of $10.61 billion. American Airlines Group had a negative return on equity of 356.47% and a net margin of 3.15%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. As a group, equities research analysts expect that American Airlines Group Inc will post 5.1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.40 annualized dividend and a yield of 1.29%. American Airlines Group’s dividend payout ratio is presently 8.79%.
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American Airlines Group 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, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and 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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