American Airlines Group Inc (AAL) Director Purchases $836,750.00 in Stock

American Airlines Group Inc (NASDAQ:AAL) Director John T. Cahill acquired 25,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The stock was purchased at an average cost of $33.47 per share, with a total value of $836,750.00. Following the transaction, the director now owns 6,531 shares in the company, valued at $218,592.57. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of NASDAQ AAL traded up $2.06 during mid-day trading on Tuesday, reaching $34.66. 13,061,000 shares of the company were exchanged, compared to its average volume of 6,475,665. The stock has a market cap of $14.95 billion, a PE ratio of 7.10, a P/E/G ratio of 0.87 and a beta of 0.98. American Airlines Group Inc has a twelve month low of $30.24 and a twelve month high of $59.08.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. The company had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $11.55 billion. American Airlines Group had a net margin of 3.06% and a return on equity of 568.86%. On average, equities analysts anticipate that American Airlines Group Inc will post 4.75 EPS for the current fiscal year.



The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Monday, November 5th. American Airlines Group’s dividend payout ratio is presently 8.20%.

Several hedge funds and other institutional investors have recently bought and sold shares of AAL. Lansdowne Partners UK LLP raised its stake in American Airlines Group by 252.8% in the 2nd quarter. Lansdowne Partners UK LLP now owns 5,984,069 shares of the airline’s stock worth $227,147,000 after purchasing an additional 4,287,800 shares in the last quarter. LSV Asset Management raised its stake in American Airlines Group by 0.5% in the 2nd quarter. LSV Asset Management now owns 4,067,709 shares of the airline’s stock worth $154,410,000 after purchasing an additional 21,317 shares in the last quarter. RWC Asset Management LLP raised its stake in American Airlines Group by 40.1% in the 3rd quarter. RWC Asset Management LLP now owns 2,341,296 shares of the airline’s stock worth $96,766,000 after purchasing an additional 669,842 shares in the last quarter. Morgan Stanley raised its stake in American Airlines Group by 32.2% in the 2nd quarter. Morgan Stanley now owns 1,954,583 shares of the airline’s stock worth $74,196,000 after purchasing an additional 476,499 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in American Airlines Group by 27.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,880,558 shares of the airline’s stock worth $71,389,000 after purchasing an additional 402,427 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

A number of brokerages have recently commented on AAL. Imperial Capital decreased their price objective on shares of American Airlines Group from $56.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, July 12th. They noted that the move was a valuation call. Bank of America decreased their price objective on shares of American Airlines Group from $61.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, October 10th. BidaskClub raised shares of American Airlines Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. ValuEngine raised shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 19th. Finally, Citigroup cut their target price on shares of American Airlines Group from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. American Airlines Group presently has a consensus rating of “Buy” and an average target price of $51.21.

About American Airlines Group

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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