Lazard Asset Management LLC Takes Position in American Airlines Group, Inc. (AAL)

american airlines

Lazard Asset Management LLC purchased a new position in shares of American Airlines Group, Inc. (NASDAQ:AAL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,565 shares of the airline’s stock, valued at approximately $573,000.

A number of other hedge funds also recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of American Airlines Group during the first quarter worth about $7,405,000. Dimensional Fund Advisors LP increased its stake in shares of American Airlines Group by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,486,720 shares of the airline’s stock worth $62,889,000 after buying an additional 14,471 shares in the last quarter. Ares Management LLC increased its stake in shares of American Airlines Group by 47.5% in the first quarter. Ares Management LLC now owns 352,820 shares of the airline’s stock worth $12,685,000 after buying an additional 113,544 shares in the last quarter. Crawford Lake Capital Management LLC bought a new stake in shares of American Airlines Group during the first quarter worth about $2,115,000. Finally, RiverPoint Capital Management LLC increased its stake in shares of American Airlines Group by 9.1% in the first quarter. RiverPoint Capital Management LLC now owns 32,930 shares of the airline’s stock worth $1,393,000 after buying an additional 2,750 shares in the last quarter. Institutional investors own 80.64% of the company’s stock.

Shares of American Airlines Group, Inc. (AAL) opened at 54.22 on Friday. The stock has a market capitalization of $26.71 billion, a PE ratio of 13.00 and a beta of 0.97. American Airlines Group, Inc. has a 52-week low of $27.12 and a 52-week high of $54.28. The firm has a 50-day moving average of $48.29 and a 200 day moving average of $46.07.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, April 27th. The airline reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. American Airlines Group had a net margin of 5.47% and a return on equity of 81.88%. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the business earned $1.25 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts forecast that American Airlines Group, Inc. will post $5.11 EPS for the current fiscal year.

Read full article at  transcriptdaily.com

Share This Post

Leave a Reply