CIBC Asset Management Inc grew its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 1.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 62,674 shares of the airline’s stock after purchasing an additional 704 shares during the period. CIBC Asset Management Inc’s holdings in American Airlines Group were worth $1,991,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of AAL. Accurate Investment Solutions Inc. boosted its stake in shares of American Airlines Group by 100.0% in the 1st quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock worth $25,000 after buying an additional 400 shares during the last quarter. Signet Investment Advisory Group Inc. purchased a new position in shares of American Airlines Group in the 4th quarter worth approximately $32,000. Capital Investment Advisory Services LLC purchased a new position in shares of American Airlines Group in the 4th quarter worth approximately $32,000. JNBA Financial Advisors purchased a new position in shares of American Airlines Group in the 4th quarter worth approximately $32,000. Finally, Financial Gravity Companies Inc. purchased a new position in shares of American Airlines Group in the 4th quarter worth approximately $44,000. 82.07% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group stock opened at $31.74 on Monday. American Airlines Group Inc has a 12 month low of $28.81 and a 12 month high of $45.82. The company has a market capitalization of $14.12 billion, a P/E ratio of 6.98, a PEG ratio of 1.98 and a beta of 1.54.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Friday, April 26th. The airline reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. American Airlines Group had a net margin of 3.15% and a negative return on equity of 356.47%. The business had revenue of $10.58 billion for the quarter, compared to analysts’ expectations of $10.61 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities analysts expect that American Airlines Group Inc will post 5.1 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.26%. American Airlines Group’s payout ratio is 8.79%.

Several research firms recently commented on AAL. Cowen dropped their price objective on American Airlines Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 9th. Imperial Capital reiterated an “in-line” rating and issued a $41.00 price objective (down previously from $43.00) on shares of American Airlines Group in a research note on Tuesday, April 30th. BidaskClub downgraded American Airlines Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Zacks Investment Research upgraded American Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Deutsche Bank downgraded American Airlines Group from a “buy” rating to a “hold” rating and upped their price objective for the company from $28.81 to $35.63 in a research note on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $44.94.

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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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