American Airlines Group, Inc. (AAL) Given “Hold” Rating at Sanford C. Bernstein

Sanford C. Bernstein restated their hold rating on shares of American Airlines Group, Inc. (NASDAQ:AAL) in a research report released on Monday morning.

A number of other research firms also recently commented on AAL. J P Morgan Chase & Co downgraded shares of American Airlines Group from an overweight rating to a neutral rating and cut their target price for the company from $59.00 to $52.00 in a research report on Thursday, April 27th. Barclays PLC reissued a hold rating and set a $58.00 target price on shares of American Airlines Group in a research report on Friday, April 28th. Buckingham Research reissued a buy rating and set a $70.00 target price (up previously from $68.00) on shares of American Airlines Group in a research report on Monday, July 31st. ValuEngine raised shares of American Airlines Group from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. Finally, Vetr raised shares of American Airlines Group from a hold rating to a buy rating and set a $49.75 target price on the stock in a research report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $53.57.

Shares of American Airlines Group (NASDAQ:AAL) traded down 0.24% during midday trading on Monday, reaching $50.46. 1,883,430 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $50.82 and its 200 day moving average price is $46.72. American Airlines Group has a 12-month low of $33.68 and a 12-month high of $54.48. The company has a market cap of $24.57 billion, a price-to-earnings ratio of 12.53 and a beta of 0.96. American Airlines Group also was the target of some unusual options trading activity on Monday. Traders bought 1,841 put options on the company. This is an increase of approximately 221% compared to the average volume of 574 put options.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.05. The business had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 EPS. Equities analysts anticipate that American Airlines Group will post $5.13 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, August 10th. American Airlines Group’s dividend payout ratio is presently 9.88%.

In other American Airlines Group news, EVP Elise R. Eberwein sold 33,400 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the sale, the executive vice president now owns 362,368 shares of the company’s stock, valued at approximately $18,024,184.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Elise R. Eberwein sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $50.35, for a total transaction of $2,517,500.00. Following the sale, the executive vice president now directly owns 312,368 shares in the company, valued at approximately $15,727,728.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,480 shares of company stock worth $10,516,971. 0.69% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC bought a new stake in American Airlines Group during the second quarter valued at $106,000. First Manhattan Co. increased its stake in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after buying an additional 75 shares in the last quarter. D. Scott Neal Inc. bought a new stake in American Airlines Group during the second quarter valued at $120,000. Huntington National Bank increased its stake in American Airlines Group by 71.9% in the second quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock valued at $132,000 after buying an additional 1,100 shares in the last quarter. Finally, Global X Management Co. LLC increased its stake in American Airlines Group by 26.7% in the first quarter. Global X Management Co. LLC now owns 3,528 shares of the airline’s stock valued at $149,000 after buying an additional 743 shares in the last quarter. 81.51% of the stock is currently owned by institutional investors.

American Airlines Group Company 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.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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