Selz Capital LLC Purchases New Shares in American Airlines Group Inc (NASDAQ:AAL)

Selz Capital LLC purchased a new position in shares of American Airlines Group Inc (NASDAQ:AAL) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 845,000 shares of the airline’s stock, valued at approximately $24,234,000. American Airlines Group makes up approximately 4.3% of Selz Capital LLC’s holdings, making the stock its 7th largest position. Selz Capital LLC owned 0.19% of American Airlines Group at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Schwartz Investment Counsel Inc. boosted its position in American Airlines Group by 27.7% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 219,150 shares of the airline’s stock valued at $5,910,000 after buying an additional 47,500 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in American Airlines Group by 1.3% in the third quarter. Public Employees Retirement System of Ohio now owns 148,308 shares of the airline’s stock valued at $4,000,000 after acquiring an additional 1,912 shares during the last quarter. Usca Ria LLC bought a new position in American Airlines Group in the third quarter valued at about $54,000. BB&T Securities LLC increased its position in American Airlines Group by 14.4% in the third quarter. BB&T Securities LLC now owns 19,444 shares of the airline’s stock worth $520,000 after purchasing an additional 2,448 shares during the period. Finally, Maverick Capital Ltd. acquired a new stake in American Airlines Group in the third quarter worth about $1,996,000. Institutional investors and hedge funds own 79.52% of the company’s stock.

NASDAQ AAL traded up $0.35 during trading on Thursday, reaching $27.93. 2,396,037 shares of the stock traded hands, compared to its average volume of 6,512,223. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 1.56 and a beta of 1.63. The stock’s 50-day moving average price is $28.07 and its 200 day moving average price is $28.87. The company has a quick ratio of 0.40, a current ratio of 0.49 and a debt-to-equity ratio of 135.16. American Airlines Group Inc has a fifty-two week low of $24.23 and a fifty-two week high of $37.23.

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

A number of research firms have issued reports on AAL. Berenberg Bank set a $35.00 target price on shares of American Airlines Group and gave the company a “buy” rating in a research report on Tuesday, October 15th. Bank of America cut shares of American Airlines Group to a “hold” rating and set a $31.00 price target for the company. in a research report on Monday, September 23rd. BidaskClub downgraded shares of American Airlines Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup started coverage on shares of American Airlines Group in a report on Thursday, October 31st. They issued a “sell” rating and a $27.00 price objective on the stock. Finally, Morgan Stanley reduced their price objective on shares of American Airlines Group from $25.00 to $24.00 and set an “underweight” rating on the stock in a research note on Thursday, October 10th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.85.

In other news, Director James F. Albaugh bought 10,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were bought at an average cost of $31.41 per share, for a total transaction of $314,100.00. Following the completion of the acquisition, the director now owns 36,091 shares in the company, valued at approximately $1,133,618.31. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.86% of the company’s stock.

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, 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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