Ray Gerald L & Associates Ltd. reduced its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,194 shares of the airline’s stock after selling 542 shares during the period. Ray Gerald L & Associates Ltd.’s holdings in American Airlines Group were worth $2,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AAL. Primecap Management Co. CA raised its position in shares of 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 valued at $1,977,349,000 after buying an additional 1,524,040 shares during the last quarter. BlackRock Inc. raised its position in shares of American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock valued at $1,210,114,000 after buying an additional 27,977,045 shares during the last quarter. FMR LLC raised its position in shares of American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock valued at $1,134,705,000 after buying an additional 9,667,389 shares during the last quarter. Geode Capital Management LLC raised its position in shares of American Airlines Group by 7.6% in the first quarter. Geode Capital Management LLC now owns 5,297,036 shares of the airline’s stock valued at $223,815,000 after buying an additional 375,764 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of American Airlines Group by 14.3% in the first quarter. Bank of New York Mellon Corp now owns 4,304,358 shares of the airline’s stock valued at $182,075,000 after buying an additional 539,307 shares during the last quarter. Institutional investors own 81.54% of the company’s stock.

Shares of American Airlines Group, Inc. (AAL) traded down 0.44% during mid-day trading on Tuesday, hitting $44.75. 415,606 shares of the stock were exchanged. The stock’s 50 day moving average is $49.92 and its 200-day moving average is $46.89. The stock has a market cap of $21.79 billion, a PE ratio of 11.11 and a beta of 0.96. American Airlines Group, Inc. has a 12 month low of $33.90 and a 12 month high of $54.48.

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

The company also recently declared a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 14th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Thursday, August 10th. American Airlines Group’s dividend payout ratio (DPR) is 9.88%.

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AAL has been the subject of several research reports. Buckingham Research reiterated a “buy” rating and issued a $70.00 price target (up from $68.00) on shares of American Airlines Group in a research note on Monday, July 31st. Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 price target (down from $54.00) on shares of American Airlines Group in a research note on Thursday, August 17th. ValuEngine upgraded shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $52.00 price target on shares of American Airlines Group in a research note on Thursday, July 13th. Finally, Vetr lowered shares of American Airlines Group from a “strong-buy” rating to a “buy” rating and set a $53.62 price target for the company. in a research note on Monday, May 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $56.27.

In other news, EVP Elise R. Eberwein sold 33,400 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $49.74, for a total value of $1,661,316.00. Following the transaction, the executive vice president now owns 362,368 shares of the company’s stock, valued at $18,024,184.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $47.97, for a total value of $479,700.00. Following the completion of the transaction, the executive vice president now directly owns 161,476 shares in the company, valued at approximately $7,746,003.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,623 shares of company stock worth $9,869,666. 0.69% of the stock is currently owned by corporate 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)

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