Centaurus Financial Inc. acquired a new position in shares of American Airlines Group Inc (NASDAQ:AAL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,967 shares of the airline’s stock, valued at approximately $264,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AAL. Boston Partners boosted its holdings in American Airlines Group by 2.6% during the second quarter. Boston Partners now owns 1,687,054 shares of the airline’s stock worth $64,041,000 after buying an additional 42,289 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in American Airlines Group by 10.4% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 86,287 shares of the airline’s stock worth $3,275,000 after buying an additional 8,100 shares in the last quarter. Foundry Partners LLC boosted its holdings in American Airlines Group by 2.6% during the second quarter. Foundry Partners LLC now owns 202,145 shares of the airline’s stock worth $7,673,000 after buying an additional 5,075 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in American Airlines Group by 0.3% during the first quarter. Principal Financial Group Inc. now owns 634,326 shares of the airline’s stock worth $32,960,000 after buying an additional 1,648 shares in the last quarter. Finally, Ruffer LLP bought a new stake in American Airlines Group during the second quarter worth approximately $379,000. Hedge funds and other institutional investors own 82.24% of the company’s stock.
AAL has been the subject of a number of research reports. BidaskClub cut shares of American Airlines Group from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Zacks Investment Research upgraded shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 27th. ValuEngine downgraded shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Deutsche Bank downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $60.00 to $43.00 in a research report on Tuesday, July 3rd. Finally, Cowen reduced their price target on shares of American Airlines Group from $55.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, July 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $52.15.
AAL stock traded down $0.36 during midday trading on Friday, reaching $30.91. The company had a trading volume of 12,856,968 shares, compared to its average volume of 6,118,762. American Airlines Group Inc has a 1 year low of $30.75 and a 1 year high of $59.08. The company has a quick ratio of 0.46, a current ratio of 0.55 and a debt-to-equity ratio of -25.16. The company has a market cap of $19.03 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.77 and a beta of 0.98.
American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, July 26th. The airline reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. American Airlines Group had a net margin of 3.75% and a return on equity of 151.06%. The company had revenue of $11.64 billion during the quarter, compared to the consensus estimate of $11.67 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that American Airlines Group Inc will post 4.66 EPS for the current year.
American Airlines Group Company 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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