Canada Pension Plan Investment Board Has $6.01 Million Position in American Airlines Group, Inc. (AAL)
Canada Pension Plan Investment Board boosted its holdings in American Airlines Group, Inc. (NASDAQ:AAL) by 945.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,495 shares of the airline’s stock after buying an additional 114,400 shares during the period. Canada Pension Plan Investment Board’s holdings in American Airlines Group were worth $6,007,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can raised its holdings in American Airlines Group by 3.2% in the second quarter. Bank of Montreal Can now owns 382,370 shares of the airline’s stock worth $19,242,000 after purchasing an additional 11,906 shares during the period. NN Investment Partners Holdings N.V. raised its holdings in American Airlines Group by 9.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 71,891 shares of the airline’s stock worth $3,618,000 after purchasing an additional 6,138 shares during the period. State of Alaska Department of Revenue acquired a new stake in American Airlines Group in the second quarter worth $207,000. Mn Services Vermogensbeheer B.V. raised its holdings in American Airlines Group by 498.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 20,530 shares of the airline’s stock worth $1,033,000 after purchasing an additional 17,101 shares during the period. Finally, Eqis Capital Management Inc. raised its holdings in American Airlines Group by 51.1% in the second quarter. Eqis Capital Management Inc. now owns 10,984 shares of the airline’s stock worth $553,000 after purchasing an additional 3,713 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.
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In other news, Director Ray M. Robinson sold 3,476 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 29,938 shares in the company, valued at approximately $1,399,900.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is currently owned by insiders.
American Airlines Group, Inc. (AAL) opened at $45.74 on Tuesday. The company has a market cap of $21,924.83, a P/E ratio of 9.41 and a beta of 0.97. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63. American Airlines Group, Inc. has a 12-month low of $39.21 and a 12-month high of $54.48.
American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, beating the consensus estimate of $1.40 by $0.02. The company had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.80 EPS. sell-side analysts predict that American Airlines Group, Inc. will post 4.64 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 0.87%. The ex-dividend date is Friday, November 10th. American Airlines Group’s payout ratio is presently 10.18%.
A number of brokerages recently commented on AAL. BidaskClub lowered shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Friday. Citigroup Inc. restated a “buy” rating on shares of American Airlines Group in a report on Wednesday, September 13th. Cowen and Company restated an “outperform” rating and set a $55.00 price objective on shares of American Airlines Group in a report on Tuesday, September 26th. Imperial Capital reaffirmed an “in-line” rating and issued a $49.00 target price (up previously from $43.00) on shares of American Airlines Group in a research report on Sunday, July 23rd. Finally, Sanford C. Bernstein reaffirmed a “hold” rating on shares of American Airlines Group in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.47.
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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