American Airlines Group, Inc. (AAL) Shares Bought by Pioneer Investment Management Inc.
Pioneer Investment Management Inc. raised its position in American Airlines Group, Inc. (NASDAQ:AAL) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 365,614 shares of the airline’s stock after buying an additional 4,991 shares during the period. Pioneer Investment Management Inc.’s holdings in American Airlines Group were worth $18,398,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of AAL. MCF Advisors LLC acquired a new stake in American Airlines Group during the second quarter worth about $106,000. D. Scott Neal Inc. acquired a new stake in American Airlines Group during the second quarter worth about $120,000. First Manhattan Co. increased its stake in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after buying an additional 75 shares during the period. Huntington National Bank increased its stake in American Airlines Group by 71.9% in the second quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock worth $132,000 after buying an additional 1,100 shares during the period. Finally, Global X Management Co. LLC increased its stake in American Airlines Group by 26.7% in the first quarter. Global X Management Co. LLC now owns 3,528 shares of the airline’s stock worth $149,000 after buying an additional 743 shares during the period. 81.51% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group, Inc. (NASDAQ:AAL) opened at 48.55 on Friday. The stock has a market capitalization of $23.64 billion, a PE ratio of 12.05 and a beta of 0.96. The stock’s 50 day moving average price is $51.03 and its 200 day moving average price is $46.87. American Airlines Group, Inc. has a 1-year low of $33.90 and a 1-year high of $54.48.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.05. The company had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 EPS. Equities research analysts forecast that American Airlines Group, Inc. will post $5.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, August 10th. American Airlines Group’s dividend payout ratio is currently 9.88%.
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A number of analysts recently issued reports on the stock. BidaskClub downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Sanford C. Bernstein reissued a “hold” rating on shares of American Airlines Group in a research report on Monday. Bank of America Corporation increased their target price on shares of American Airlines Group to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 1st. J P Morgan Chase & Co upgraded American Airlines Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $52.00 to $61.00 in a report on Tuesday, August 1st. Finally, Buckingham Research restated a “buy” rating and issued a $70.00 price target (up previously from $68.00) on shares of American Airlines Group in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. American Airlines Group presently has an average rating of “Hold” and a consensus target price of $53.57.
In other American Airlines Group news, EVP Elise R. Eberwein sold 33,400 shares of American Airlines Group stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $49.74, for a total value of $1,661,316.00. Following the transaction, the executive vice president now directly owns 362,368 shares of the company’s stock, valued at approximately $18,024,184.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Derek J. Kerr sold 104,223 shares of American Airlines Group stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $50.00, for a total value of $5,211,150.00. Following the completion of the transaction, the vice president now directly owns 591,195 shares in the company, valued at $29,559,750. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,623 shares of company stock worth $9,389,966. Company insiders own 0.64% of the company’s stock.
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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