Mitsubishi UFJ Trust & Banking Corp lowered its position in American Airlines Group, Inc. (NASDAQ:AAL) by 7.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 286,351 shares of the airline’s stock after selling 22,718 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of American Airlines Group worth $14,409,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in American Airlines Group by 9.2% during the first quarter. Teacher Retirement System of Texas now owns 323,344 shares of the airline’s stock valued at $13,677,000 after purchasing an additional 27,340 shares during the period. Beach Investment Counsel Inc. PA grew its holdings in American Airlines Group by 122.8% during the first quarter. Beach Investment Counsel Inc. PA now owns 174,197 shares of the airline’s stock valued at $7,369,000 after purchasing an additional 96,007 shares during the period. Gendell Jeffrey L grew its holdings in American Airlines Group by 47.7% during the first quarter. Gendell Jeffrey L now owns 1,033,753 shares of the airline’s stock valued at $43,728,000 after purchasing an additional 334,053 shares during the period. Great Lakes Advisors LLC grew its holdings in American Airlines Group by 519.7% during the first quarter. Great Lakes Advisors LLC now owns 55,422 shares of the airline’s stock valued at $2,344,000 after purchasing an additional 46,478 shares during the period. Finally, Toronto Dominion Bank grew its holdings in American Airlines Group by 53.4% during the first quarter. Toronto Dominion Bank now owns 131,949 shares of the airline’s stock valued at $5,580,000 after purchasing an additional 45,945 shares during the period. 81.53% of the stock is owned by institutional investors.

Several research firms have issued reports on AAL. Cowen and Company reissued a “buy” rating and set a $57.00 price target on shares of American Airlines Group in a report on Tuesday. Morgan Stanley cut their price target on American Airlines Group from $52.00 to $51.00 and set an “equal weight” rating for the company in a report on Friday, September 1st. Stifel Nicolaus reissued a “buy” rating and set a $95.00 price target on shares of American Airlines Group in a report on Tuesday, August 22nd. Vetr raised American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $51.52 price target for the company in a report on Monday, August 21st. Finally, Zacks Investment Research lowered American Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.21.

Shares of American Airlines Group, Inc. (NASDAQ:AAL) opened at 44.31 on Thursday. The stock has a market capitalization of $21.58 billion, a P/E ratio of 11.00 and a beta of 0.98. The company has a 50 day moving average price of $48.09 and a 200-day moving average price of $46.80. American Airlines Group, Inc. has a 52-week low of $33.90 and a 52-week high of $54.48. American Airlines Group also was the target of some unusual options trading activity on Monday. Stock traders bought 1,841 put options on the stock. This represents an increase of 221% compared to the average volume of 574 put options.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating the consensus estimate of $1.87 by $0.05. The business 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%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.77 earnings per share. On average, analysts predict that American Airlines Group, Inc. will post $5.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were given a $0.10 dividend. The ex-dividend date was Thursday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.90%. American Airlines Group’s dividend payout ratio is presently 9.88%.

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In other news, EVP Maya Leibman sold 10,000 shares of the 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 sale, the executive vice president now directly owns 161,476 shares in the company, valued at $7,746,003.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Elise R. Eberwein sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total transaction of $2,517,500.00. Following the completion of the sale, the executive vice president now owns 312,368 shares in the company, valued at $15,727,728.80. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.

American Airlines Group 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.

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

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