Economy

Summit Securities Group LLC Reduces Position in American Airlines Group, Inc. (AAL)

Morgan Stanley maintained the shares of AAL in report on Monday, July 17 with "Equal-Weight" rating. Fifth Third Bancorp now controls 64,619 shares valued at $3,252,000. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

In other news, EVP Elise R. Eberwein sold 33,400 shares of the business's stock in a transaction dated Friday, June 2nd. Finally, Deutsche Bank AG reduced their price target on shares of American Airlines Group from $55.00 to $54.00 and set a "buy" rating for the company in a research report on Friday, April 28th. The stock was sold at an average price of $50.00, for a total transaction of $5,211,150.00.

Over the past 50 days, American Airlines Group Inc. stock's -11.25% off of the high and 0.71% removed from the low. Now the P/E of American Airlines Group Inc. Thrivent Financial For Lutherans has an ownership of 21,507 stocks of the airline's shares valued at $1,090,000 after scooping up an extra 130 shares through out the previous quarter, Lastly, Cadence Capital Management upped its stake in American Airlines Group by 0.7% in the Fiscal Q2. Cowen and Company reiterated an "outperform" rating on shares of American Airlines Group in a research note on Friday, April 14th. Imperial Capital reissued an "in-line" rating and set a $43.00 target price on shares of American Airlines Group in a research report on Friday, May 19th. The stock declined 0.69% or $0.33 reaching $48.22 per share. It increased, as 45 investors sold BK shares while 317 reduced holdings. BidaskClub downgraded American Airlines Group from a "strong-buy" rating to a "buy" rating in a report on Friday, June 16th. Finally, LSV Asset Management raised its stake in American Airlines Group by 34.3% in the first quarter.

Stocks of American Airlines Group (AAL) declined 0.99% through out intraday market trading on Early Thur, reaching $48.07.

According to Zacks, analysts expect that American Airlines Group will report full-year earnings of $5.18 per share for the current financial year, with EPS estimates ranging from $4.90 to $5.46. (NASDAQ:AAL) was the recipient of unusually large options trading activity on Monday. American Airlines Group Inc (NASDAQ:AAL) has risen 40.65% since August 11, 2016 and is uptrending. Following the transaction, the vice president now owns 591,195 shares in the company, valued at approximately $29,559,750. Quotient Investors LLC purchased a new stake in shares of American Airlines Group during the first quarter valued at approximately $1,797,000. The airline reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $0.05. First Manhattan Co. raised its position in shares of American Airlines Group by 3.3% in the second quarter. Telemus Capital LLC now owns 66,923 shares of the airline's stock valued at $2,831,000 after buying an additional 19,930 shares in the last quarter. Huntington National Bank now owns 2,629 shares of the airline's stock worth $132,000 after buying an additional 1,100 shares during the period. During the same quarter in the previous year, the firm earned $1.77 EPS. Palisade Capital Management LLC NJ now owns 9,750 shares of the airline's stock valued at $412,000 after buying an additional 4,250 shares during the period. American Airlines Group had 47 analyst reports since July 28, 2015 according to SRatingsIntel. The average 12 month price target among analysts that have issued ratings on the stock in the a year ago is $53.89. The business's revenue for the quarter was up 7.2% compared to the same quarter a year ago. Shareholders of record on Monday, August 14th will be paid a $0.10 dividend. The ex-dividend date is Thursday the 10th of August 2017.

COPYRIGHT VIOLATION NOTICE: This report was first published by Stock Observer and is the property of of Stock Observer. Also, EVP Maya Leibman sold 23,857 shares of the business's stock in a transaction on Thursday, May 11th. The disclosure for this sale can be found here. This represents a $0.40 annualized dividend and a dividend yield of 0.82%.

Several hedge funds have recently modified their holdings of the company. American Airlines Group's dividend payout ratio (DPR) is 9.88%.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & global trademark & copyright laws. The Company's primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. HSBC downgraded American Airlines Group Inc (NASDAQ:AAL) on Wednesday, November 25 to "Reduce" rating. The Company's cargo division provides a range of freight and mail services with facilities and interline connections available across the globe.



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