Qube Research & Technologies Ltd Purchases 7,143 Shares of American Airlines Group Inc (AAL)
Qube Research & Technologies Ltd lifted its position in American Airlines Group Inc (NASDAQ:AAL) by 49.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,713 shares of the airline’s stock after acquiring an additional 7,143 shares during the quarter. Qube Research & Technologies Ltd’s holdings in American Airlines Group were worth $824,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in American Airlines Group by 0.4% in the first quarter. BlackRock Inc. now owns 24,639,637 shares of the airline’s stock valued at $1,280,274,000 after purchasing an additional 95,130 shares during the last quarter. Lansdowne Partners UK LLP grew its stake in American Airlines Group by 252.8% in the second quarter. Lansdowne Partners UK LLP now owns 5,984,069 shares of the airline’s stock valued at $227,147,000 after purchasing an additional 4,287,800 shares during the last quarter. LSV Asset Management grew its stake in American Airlines Group by 0.5% in the second quarter. LSV Asset Management now owns 4,067,709 shares of the airline’s stock valued at $154,410,000 after purchasing an additional 21,317 shares during the last quarter. Hosking Partners LLP grew its stake in American Airlines Group by 4.6% in the first quarter. Hosking Partners LLP now owns 2,459,435 shares of the airline’s stock valued at $127,792,000 after purchasing an additional 108,926 shares during the last quarter. Finally, Morgan Stanley grew its stake in American Airlines Group by 32.2% in the second quarter. Morgan Stanley now owns 1,954,583 shares of the airline’s stock valued at $74,196,000 after purchasing an additional 476,499 shares during the last quarter. Hedge funds and other institutional investors own 82.25% of the company’s stock.
AAL has been the topic of several analyst reports. ValuEngine upgraded American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 19th. Buckingham Research cut their target price on American Airlines Group from $63.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, July 17th. Macquarie upgraded American Airlines Group from a “neutral” rating to an “outperform” rating and set a $47.00 price target on the stock in a research note on Monday, July 30th. Morgan Stanley dropped their price target on American Airlines Group from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 12th. Finally, Cowen dropped their price target on American Airlines Group from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $55.50.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, July 26th. The airline reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.04. American Airlines Group had a return on equity of 151.06% and a net margin of 3.75%. The business had revenue of $11.64 billion for the quarter, compared to analyst estimates of $11.67 billion. During the same quarter in the previous year, the firm earned $1.92 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. equities analysts forecast that American Airlines Group Inc will post 4.65 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 21st. Stockholders of record on Tuesday, August 7th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.01%. American Airlines Group’s payout ratio is 8.20%.
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, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in 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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