BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 42.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,106 shares of the airline’s stock after buying an additional 13,165 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in American Airlines Group were worth $2,219,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock worth $1,210,114,000 after buying an additional 27,977,045 shares during the last quarter. FMR LLC raised its position in American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock worth $1,134,705,000 after buying an additional 9,667,389 shares during the last quarter. Primecap Management Co. CA raised its position in American Airlines Group by 3.4% in the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock worth $1,977,349,000 after buying an additional 1,524,040 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in American Airlines Group by 4,841.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 943,900 shares of the airline’s stock worth $39,927,000 after buying an additional 924,800 shares during the last quarter. Finally, LSV Asset Management raised its position in American Airlines Group by 34.3% in the first quarter. LSV Asset Management now owns 3,150,482 shares of the airline’s stock worth $133,265,000 after buying an additional 804,745 shares during the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

Shares of American Airlines Group, Inc. (AAL) opened at 45.25 on Friday. The stock has a market cap of $22.04 billion, a P/E ratio of 11.23 and a beta of 0.96. The firm’s 50-day moving average price is $49.92 and its 200-day moving average price is $46.89. American Airlines Group, Inc. has a 52-week low of $33.90 and a 52-week high of $54.48.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.05. The firm had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. American Airlines Group’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 earnings per share. Equities analysts predict that American Airlines Group, Inc. will post $5.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.88%. American Airlines Group’s payout ratio is presently 9.88%.

COPYRIGHT VIOLATION WARNING: “BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Raises Position in American Airlines Group, Inc. (AAL)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/26/british-columbia-investment-management-corp-raises-position-in-american-airlines-group-inc-aal.html.

AAL has been the subject of a number of analyst reports. Imperial Capital cut their price target on American Airlines Group from $46.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, April 28th. Deutsche Bank AG cut their price target on American Airlines Group from $55.00 to $54.00 and set a “buy” rating for the company in a report on Friday, April 28th. Vetr raised American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $49.75 price target for the company in a report on Monday, May 1st. Barclays PLC reaffirmed a “hold” rating and issued a $58.00 price target on shares of American Airlines Group in a report on Friday, April 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of American Airlines Group in a report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $56.27.

In related news, VP Derek J. Kerr sold 104,223 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the transaction, the vice president now directly owns 591,195 shares in the company, valued at $29,559,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maya Leibman sold 10,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $47.97, for a total transaction of $479,700.00. Following the transaction, the executive vice president now owns 161,476 shares in the company, valued at $7,746,003.72. The disclosure for this sale can be found here. Insiders have sold 197,623 shares of company stock worth $9,869,666 over the last 90 days. 0.64% of the stock is currently owned by company insiders.

American Airlines Group Company Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

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

Receive News & Stock Ratings for American Airlines Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group Inc. and related stocks with our FREE daily email newsletter.