Commerzbank Aktiengesellschaft FI Acquires 156,675 Shares of American Airlines Group Inc (NASDAQ:AAL)

Commerzbank Aktiengesellschaft FI raised its holdings in American Airlines Group Inc (NASDAQ:AAL) by 136.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 271,761 shares of the airline’s stock after acquiring an additional 156,675 shares during the quarter. Commerzbank Aktiengesellschaft FI owned approximately 0.06% of American Airlines Group worth $7,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in AAL. Vanguard Group Inc. raised its stake in shares of American Airlines Group by 16.8% in the second quarter. Vanguard Group Inc. now owns 42,092,587 shares of the airline’s stock worth $1,372,639,000 after purchasing an additional 6,059,070 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in American Airlines Group by 95.7% during the second quarter. Nuveen Asset Management LLC now owns 6,612,922 shares of the airline’s stock worth $215,648,000 after acquiring an additional 3,234,558 shares during the period. Invesco Ltd. grew its holdings in American Airlines Group by 1.4% during the second quarter. Invesco Ltd. now owns 6,034,298 shares of the airline’s stock worth $196,779,000 after acquiring an additional 83,200 shares during the period. Bank of New York Mellon Corp grew its holdings in American Airlines Group by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 3,240,163 shares of the airline’s stock worth $105,662,000 after acquiring an additional 50,168 shares during the period. Finally, RWC Asset Management LLP grew its holdings in American Airlines Group by 0.4% during the second quarter. RWC Asset Management LLP now owns 2,602,640 shares of the airline’s stock worth $84,871,000 after acquiring an additional 10,667 shares during the period. 80.23% of the stock is currently owned by institutional investors.

Shares of AAL stock traded down $0.13 on Friday, hitting $30.76. The stock had a trading volume of 6,352,800 shares, compared to its average volume of 7,150,376. American Airlines Group Inc has a 1 year low of $24.23 and a 1 year high of $40.58. The firm has a market capitalization of $13.66 billion, a P/E ratio of 6.76, a P/E/G ratio of 2.04 and a beta of 1.69. The company’s 50 day moving average price is $28.35 and its 200-day moving average price is $30.03. The company has a debt-to-equity ratio of 135.16, a current ratio of 0.49 and a quick ratio of 0.40.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.40 annualized dividend and a dividend yield of 1.30%. American Airlines Group’s dividend payout ratio is currently 8.79%.

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

Several research firms recently commented on AAL. Credit Suisse Group reaffirmed an “outperform” rating on shares of American Airlines Group in a report on Thursday, October 17th. Deutsche Bank reaffirmed a “buy” rating on shares of American Airlines Group in a report on Wednesday, October 23rd. Berenberg Bank set a $35.00 price objective on American Airlines Group and gave the company a “buy” rating in a report on Tuesday, October 15th. Barclays reaffirmed an “equal weight” rating on shares of American Airlines Group in a research note on Wednesday, October 30th. Finally, Macquarie lowered American Airlines Group from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $43.00 to $34.00 in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $37.00.

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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