Metropolitan Life Insurance Co. NY reduced its position in American Airlines Group Inc (NASDAQ:AAL) by 82.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,102 shares of the airline’s stock after selling 355,280 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in American Airlines Group were worth $3,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vident Investment Advisory LLC increased its holdings in American Airlines Group by 7.6% in the 4th quarter. Vident Investment Advisory LLC now owns 57,166 shares of the airline’s stock valued at $2,974,000 after purchasing an additional 4,057 shares in the last quarter. Verition Fund Management LLC acquired a new stake in American Airlines Group in the 4th quarter valued at $501,000. Zeke Capital Advisors LLC increased its holdings in American Airlines Group by 29.3% in the 4th quarter. Zeke Capital Advisors LLC now owns 12,025 shares of the airline’s stock valued at $626,000 after purchasing an additional 2,725 shares in the last quarter. Cushing Asset Management LP acquired a new stake in American Airlines Group in the 4th quarter valued at $3,618,000. Finally, Cornerstone Capital Management Holdings LLC. increased its holdings in American Airlines Group by 7.0% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 80,067 shares of the airline’s stock valued at $4,165,000 after purchasing an additional 5,233 shares in the last quarter. 80.52% of the stock is currently owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

American Airlines Group Inc (AAL) opened at $54.62 on Tuesday. The company has a market capitalization of $26,211.88, a PE ratio of 13.97, a P/E/G ratio of 0.50 and a beta of 0.93. American Airlines Group Inc has a 52 week low of $39.21 and a 52 week high of $59.08. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 5.73.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 25th. The airline reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.03. The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. American Airlines Group had a return on equity of 63.78% and a net margin of 4.55%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.92 earnings per share. analysts anticipate that American Airlines Group Inc will post 5.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th were paid a $0.10 dividend. The ex-dividend date was Monday, February 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.73%. American Airlines Group’s dividend payout ratio (DPR) is 10.23%.

In related news, VP Derek J. Kerr sold 39,662 shares of American Airlines Group stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $52.77, for a total value of $2,092,963.74. Following the completion of the transaction, the vice president now directly owns 429,046 shares in the company, valued at $22,640,757.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew J. Hart sold 35,182 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $51.90, for a total transaction of $1,825,945.80. Following the completion of the transaction, the director now directly owns 33,258 shares in the company, valued at approximately $1,726,090.20. The disclosure for this sale can be found here. Insiders sold 302,416 shares of company stock valued at $15,826,647 over the last quarter. Insiders own 0.69% of the company’s stock.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Tuesday, March 13th. BidaskClub downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Buckingham Research raised their target price on American Airlines Group from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Citigroup raised their target price on American Airlines Group to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Imperial Capital restated an “in-line” rating and set a $53.00 target price (up from $47.00) on shares of American Airlines Group in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $61.74.

ILLEGAL ACTIVITY WARNING: This news story was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/metropolitan-life-insurance-co-ny-cuts-position-in-american-airlines-group-inc-aal/1950123.html.

American Airlines Group 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.

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.