Amalgamated Bank Has $2.89 Million Stake in American Airlines Group Inc (AAL)
Amalgamated Bank increased its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 7.8% during the 4th quarter, Holdings Channel reports. The firm owned 55,571 shares of the airline’s stock after purchasing an additional 4,025 shares during the quarter. Amalgamated Bank’s holdings in American Airlines Group were worth $2,891,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its position in shares of American Airlines Group by 215.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 31,428 shares of the airline’s stock valued at $1,493,000 after purchasing an additional 21,478 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in shares of American Airlines Group during the 3rd quarter valued at approximately $2,409,000. U S Global Investors Inc. grew its position in American Airlines Group by 1.7% in the 3rd quarter. U S Global Investors Inc. now owns 302,245 shares of the airline’s stock valued at $14,354,000 after acquiring an additional 5,014 shares during the last quarter. LMR Partners LLP bought a new position in American Airlines Group in the 3rd quarter valued at $12,241,000. Finally, Guardian Capital LP grew its position in American Airlines Group by 65.6% in the 3rd quarter. Guardian Capital LP now owns 7,367 shares of the airline’s stock valued at $350,000 after acquiring an additional 2,919 shares during the last quarter. 81.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of American Airlines Group Inc (NASDAQ:AAL) opened at $53.18 on Friday. American Airlines Group Inc has a 1-year low of $39.21 and a 1-year high of $59.08. The firm has a market capitalization of $25,020.00, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.54 and a beta of 0.93. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.61 and a quick ratio of 0.52.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Monday, February 5th. American Airlines Group’s dividend payout ratio is 7.09%.
Several equities analysts have commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $59.00 price objective (down previously from $60.00) on shares of American Airlines Group in a research report on Friday, February 23rd. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $52.59 to $62.00 in a research report on Wednesday, January 31st. Zacks Investment Research raised American Airlines Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Tuesday, February 13th. BidaskClub raised American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $53.00 price objective (up previously from $47.00) on shares of American Airlines Group in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $61.32.
In related news, Director Richard C. Kraemer sold 3,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.71, for a total transaction of $158,130.00. Following the completion of the sale, the director now directly owns 53,229 shares in the company, valued at approximately $2,805,700.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO W Douglas Parker sold 224,572 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total value of $11,749,607.04. Following the sale, the chief executive officer now owns 1,925,242 shares of the company’s stock, valued at $100,728,661.44. The disclosure for this sale can be found here. Insiders sold a total of 302,416 shares of company stock valued at $15,826,647 over the last quarter. Company insiders own 0.64% of the company’s stock.
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American Airlines Group Company 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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