TD Asset Management Inc. increased its position in American Airlines Group Inc. (NASDAQ:AAL) by 7.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 877,073 shares of the airline’s stock after buying an additional 57,382 shares during the period. TD Asset Management Inc. owned about 0.17% of American Airlines Group worth $32,110,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in shares of American Airlines Group during the first quarter worth approximately $12,243,000. First Republic Investment Management Inc. raised its stake in shares of American Airlines Group by 115.0% in the first quarter. First Republic Investment Management Inc. now owns 26,975 shares of the airline’s stock worth $1,107,000 after buying an additional 14,427 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of American Airlines Group by 1.9% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 149,660 shares of the airline’s stock worth $4,237,000 after buying an additional 2,840 shares in the last quarter. American National Bank raised its stake in shares of American Airlines Group by 2.5% in the second quarter. American National Bank now owns 86,427 shares of the airline’s stock worth $2,446,000 after buying an additional 2,092 shares in the last quarter. Finally, North Star Investment Management Corp. bought a new stake in shares of American Airlines Group during the second quarter worth approximately $1,942,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

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

American Airlines Group Inc. (NASDAQ:AAL) traded up 0.772% during midday trading on Tuesday, hitting $46.859. The company’s stock had a trading volume of 661,846 shares. American Airlines Group Inc. has a 12 month low of $24.85 and a 12 month high of $46.95. The firm has a market cap of $24.28 billion, a P/E ratio of 4.858 and a beta of 0.88. The company’s 50 day moving average price is $41.62 and its 200 day moving average price is $35.90.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 20th. The airline reported $2.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $1.23. American Airlines Group had a net margin of 14.16% and a return on equity of 95.17%. The business earned $10.60 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter last year, the firm earned $2.77 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts expect that American Airlines Group Inc. will post $5.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 7th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, November 3rd. American Airlines Group’s dividend payout ratio is 4.30%.

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A number of brokerages have recently weighed in on AAL. Cowen and Company restated an “outperform” rating on shares of American Airlines Group in a research note on Thursday, August 11th. Morgan Stanley set a $41.00 target price on American Airlines Group and gave the stock a “buy” rating in a research note on Thursday, August 18th. Imperial Capital began coverage on American Airlines Group in a research note on Friday, August 26th. They issued an “in-line” rating and a $40.00 target price on the stock. Citigroup Inc. began coverage on American Airlines Group in a research note on Friday, August 26th. They issued an “in-line” rating and a $40.00 target price on the stock. Finally, Credit Suisse Group AG restated an “underperform” rating and issued a $34.00 target price on shares of American Airlines Group in a research note on Tuesday, August 30th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $44.09.

In other American Airlines Group news, CMO Andrew P. Nocella sold 171,383 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $40.65, for a total transaction of $6,966,718.95. Following the completion of the transaction, the chief marketing officer now owns 307,719 shares of the company’s stock, valued at $12,508,777.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $36.34, for a total transaction of $363,400.00. Following the transaction, the executive vice president now directly owns 196,907 shares of the company’s stock, valued at approximately $7,155,600.38. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

American Airlines Group Company Profile

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

5 Day Chart for NASDAQ:AAL

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