PHH Investments Ltd. reduced its stake in American Airlines Group Inc (NASDAQ:AAL) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,143 shares of the airline’s stock after selling 3,466 shares during the period. American Airlines Group makes up about 0.7% of PHH Investments Ltd.’s investment portfolio, making the stock its 13th biggest holding. PHH Investments Ltd.’s holdings in American Airlines Group were worth $2,191,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Boston Partners bought a new position in shares of American Airlines Group during the third quarter worth about $113,633,000. Cyrus Capital Partners L.P. bought a new position in shares of American Airlines Group during the second quarter worth about $75,480,000. Parametric Portfolio Associates LLC lifted its position in shares of American Airlines Group by 111.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,336,192 shares of the airline’s stock worth $67,237,000 after purchasing an additional 703,617 shares during the last quarter. AJO LP lifted its position in shares of American Airlines Group by 193.2% during the second quarter. AJO LP now owns 952,263 shares of the airline’s stock worth $47,918,000 after purchasing an additional 627,426 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of American Airlines Group by 162.3% during the third quarter. Ameriprise Financial Inc. now owns 912,485 shares of the airline’s stock worth $43,332,000 after purchasing an additional 564,627 shares during the last quarter. Hedge funds and other institutional investors own 81.20% of the company’s stock.
In related news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.
American Airlines Group Inc (NASDAQ:AAL) traded up $0.96 during midday trading on Tuesday, hitting $52.99. 4,082,057 shares of the company were exchanged, compared to its average volume of 3,880,000. American Airlines Group Inc has a fifty-two week low of $39.21 and a fifty-two week high of $54.48. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63. The firm has a market capitalization of $25,360.00, a price-to-earnings ratio of 13.48 and a beta of 0.99.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, beating the Zacks’ 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 business 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. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. analysts forecast that American Airlines Group Inc will post 4.64 EPS for the current year.
Several equities analysts have recently commented on AAL shares. Cowen reaffirmed a “buy” rating and set a $57.00 price target on shares of American Airlines Group in a research report on Tuesday, September 5th. Citigroup reaffirmed a “buy” rating on shares of American Airlines Group in a research report on Wednesday, September 13th. Barclays reiterated a “hold” rating and set a $55.00 price objective on shares of American Airlines Group in a research note on Thursday, September 14th. BidaskClub upgraded shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 14th. Finally, JPMorgan Chase & Co. lowered shares of American Airlines Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $61.00 to $53.00 in a research note on Friday, September 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $59.83.
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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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