American Airlines Group Inc (NASDAQ:AAL) Shares Purchased by BB&T Securities LLC

BB&T Securities LLC increased its position in shares of American Airlines Group Inc (NASDAQ:AAL) by 14.4% in the third quarter, HoldingsChannel.com reports. The firm owned 19,444 shares of the airline’s stock after acquiring an additional 2,448 shares during the quarter. BB&T Securities LLC’s holdings in American Airlines Group were worth $520,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AAL. Steward Partners Investment Advisory LLC acquired a new position in shares of American Airlines Group during the second quarter worth $25,000. FTB Advisors Inc. grew its stake in shares of American Airlines Group by 113.2% during the third quarter. FTB Advisors Inc. now owns 1,130 shares of the airline’s stock worth $30,000 after purchasing an additional 600 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of American Airlines Group by 141.7% during the third quarter. AdvisorNet Financial Inc now owns 1,194 shares of the airline’s stock worth $32,000 after purchasing an additional 700 shares in the last quarter. NEXT Financial Group Inc grew its stake in shares of American Airlines Group by 4,545.5% during the second quarter. NEXT Financial Group Inc now owns 1,022 shares of the airline’s stock worth $33,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Westside Investment Management Inc. acquired a new position in shares of American Airlines Group during the second quarter worth $58,000. Hedge funds and other institutional investors own 80.26% of the company’s stock.

In other American Airlines Group news, President Robert D. Isom, Jr. bought 2,500 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was acquired at an average price of $26.34 per share, for a total transaction of $65,850.00. Following the completion of the purchase, the president now owns 771,271 shares of the company’s stock, valued at $20,315,278.14. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director James F. Albaugh bought 10,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average price of $31.41 per share, with a total value of $314,100.00. Following the purchase, the director now directly owns 36,091 shares of the company’s stock, valued at approximately $1,133,618.31. The disclosure for this purchase can be found here. 0.86% of the stock is currently owned by corporate insiders.

AAL has been the subject of several research analyst reports. Buckingham Research decreased their price objective on shares of American Airlines Group from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, October 21st. Macquarie downgraded shares of American Airlines Group from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $43.00 to $34.00 in a research note on Monday, July 29th. BidaskClub downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Royal Bank of Canada restated a “top pick” rating on shares of American Airlines Group in a research note on Wednesday, October 23rd. Finally, Morgan Stanley decreased their price objective on shares of American Airlines Group from $25.00 to $24.00 and set an “underweight” rating for the company in a research note on Thursday, October 10th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. American Airlines Group has an average rating of “Hold” and a consensus target price of $36.50.

Shares of AAL opened at $29.52 on Wednesday. American Airlines Group Inc has a fifty-two week low of $24.23 and a fifty-two week high of $40.58. The company has a market capitalization of $13.47 billion, a price-to-earnings ratio of 6.49, a price-to-earnings-growth ratio of 2.02 and a beta of 1.69. The firm has a 50-day simple moving average of $28.49 and a 200-day simple moving average of $29.97. The company has a debt-to-equity ratio of 135.16, a quick ratio of 0.40 and a current ratio of 0.49.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 24th. The airline reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. American Airlines Group had a net margin of 3.50% and a negative return on equity of 1,294.15%. The business had revenue of $11.91 billion during the quarter, compared to the consensus estimate of $11.93 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts forecast that American Airlines Group Inc will post 4.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. American Airlines Group’s dividend payout ratio (DPR) is 8.79%.

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, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and 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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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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