RWC Asset Management LLP Buys 246,537 Shares of American Airlines Group Inc (AAL)
RWC Asset Management LLP lifted its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 30.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,057,145 shares of the airline’s stock after purchasing an additional 246,537 shares during the period. American Airlines Group comprises about 3.0% of RWC Asset Management LLP’s investment portfolio, making the stock its 4th biggest holding. RWC Asset Management LLP owned about 0.22% of American Airlines Group worth $50,204,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Westside Investment Management Inc. lifted its holdings in American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after acquiring an additional 72 shares during the last quarter. WFG Advisors LP lifted its holdings in American Airlines Group by 28.1% in the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock worth $119,000 after acquiring an additional 519 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in American Airlines Group by 516.8% in the second quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock worth $126,000 after acquiring an additional 2,000 shares during the last quarter. Exane Derivatives lifted its holdings in American Airlines Group by 416.3% in the third quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock worth $123,000 after acquiring an additional 2,090 shares during the last quarter. Finally, Blue Granite Capital LLC bought a new position in American Airlines Group in the third quarter worth about $131,000. 81.29% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Ray M. Robinson sold 3,476 shares of the firm’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 transaction of $162,537.76. Following the transaction, the director now owns 29,938 shares in the company, valued at $1,399,900.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alberto Ibarguen sold 4,229 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.
Shares of American Airlines Group Inc (NASDAQ:AAL) opened at $50.47 on Wednesday. American Airlines Group Inc has a 12 month low of $39.21 and a 12 month high of $54.48. The company has a market cap of $24,547.00, a P/E ratio of 10.53 and a beta of 0.99. 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 (NASDAQ:AAL) last announced its quarterly 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. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The company had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.88 billion. During the same quarter last year, the business earned $2.80 earnings per share. American Airlines Group’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 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were paid a $0.10 dividend. The ex-dividend date was Friday, November 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. American Airlines Group’s payout ratio is currently 10.18%.
AAL has been the topic of a number of recent research reports. Morgan Stanley reissued an “equal weight” rating and issued a $52.00 target price (down previously from $54.00) on shares of American Airlines Group in a report on Thursday, August 17th. Vetr raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $51.52 target price on the stock in a report on Monday, August 21st. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 target price on shares of American Airlines Group in a report on Tuesday, August 22nd. Cowen reissued a “buy” rating and issued a $57.00 target price on shares of American Airlines Group in a report on Tuesday, September 5th. Finally, Citigroup reissued a “buy” rating on shares of American Airlines Group in a report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $59.83.
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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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