KBC Group NV reduced its position in American Airlines Group Inc. (NASDAQ:AAL) by 19.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 203,445 shares of the airline’s stock after selling 49,511 shares during the period. KBC Group NV’s holdings in American Airlines Group were worth $7,448,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AAL. Evanson Asset Management LLC boosted its position in American Airlines Group by 23.4% in the second quarter. Evanson Asset Management LLC now owns 25,148 shares of the airline’s stock valued at $712,000 after buying an additional 4,765 shares in the last quarter. Cribstone Capital Management LLC bought a new position in American Airlines Group during the second quarter valued at about $108,000. Acropolis Investment Management LLC boosted its position in American Airlines Group by 13.4% in the second quarter. Acropolis Investment Management LLC now owns 8,439 shares of the airline’s stock valued at $239,000 after buying an additional 1,000 shares in the last quarter. Eqis Capital Management Inc. boosted its position in American Airlines Group by 12.3% in the second quarter. Eqis Capital Management Inc. now owns 12,840 shares of the airline’s stock valued at $364,000 after buying an additional 1,409 shares in the last quarter. Finally, Boys Arnold & Co. Inc. bought a new position in American Airlines Group during the second quarter valued at about $707,000. Institutional investors own 76.26% of the company’s stock.

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

American Airlines Group Inc. (NASDAQ:AAL) traded down 0.58% on Wednesday, hitting $46.62. 5,255,853 shares of the company were exchanged. The stock’s 50-day moving average price is $41.62 and its 200-day moving average price is $35.90. The stock has a market capitalization of $24.15 billion, a P/E ratio of 4.83 and a beta of 0.88. American Airlines Group Inc. has a 52-week low of $24.85 and a 52-week high of $46.95.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 20th. The airline reported $2.80 EPS for the quarter, topping analysts’ consensus estimates 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 firm earned $10.60 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same quarter in the previous year, the business earned $2.77 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that American Airlines Group Inc. will post $5.47 earnings per share for the current fiscal year.

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

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AAL has been the topic of several research analyst reports. Stifel Nicolaus lowered their target price on shares of American Airlines Group from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, October 12th. Sanford C. Bernstein began coverage on shares of American Airlines Group in a research note on Monday, October 10th. They issued an “underperform” rating and a $31.00 price objective on the stock. Vetr upgraded shares of American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $39.50 price objective on the stock in a research note on Tuesday, September 27th. Credit Suisse Group AG reiterated a “sell” rating and issued a $34.00 price objective on shares of American Airlines Group in a research note on Tuesday, September 13th. Finally, Citigroup Inc. began coverage on shares of American Airlines Group in a research note on Friday, August 26th. They issued an “in-line” rating and a $40.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.09.

In other American Airlines Group news, EVP Elise R. Eberwein sold 89,556 shares of American Airlines Group stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $44.85, for a total transaction of $4,016,586.60. Following the completion of the sale, the executive vice president now owns 440,510 shares of the company’s stock, valued at approximately $19,756,873.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Beverly K. Goulet sold 5,000 shares of American Airlines Group stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the transaction, the executive vice president now directly owns 238,604 shares in the company, valued at $11,018,732.72. 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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