Pinnacle Associates Ltd. bought a new stake in shares of American Airlines Group, Inc. (NASDAQ:AAL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,294 shares of the airline’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Wetherby Asset Management Inc. lifted its stake in American Airlines Group by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 4,969 shares of the airline’s stock worth $250,000 after acquiring an additional 47 shares during the period. First Manhattan Co. lifted its stake in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after acquiring an additional 75 shares during the period. LS Investment Advisors LLC lifted its stake in American Airlines Group by 0.5% in the second quarter. LS Investment Advisors LLC now owns 21,283 shares of the airline’s stock worth $1,071,000 after acquiring an additional 97 shares during the period. Cadence Capital Management LLC lifted its stake in American Airlines Group by 0.7% in the second quarter. Cadence Capital Management LLC now owns 19,841 shares of the airline’s stock worth $998,000 after acquiring an additional 140 shares during the period. Finally, Trust Department MB Financial Bank N A lifted its stake in American Airlines Group by 1.0% in the second quarter. Trust Department MB Financial Bank N A now owns 15,022 shares of the airline’s stock worth $756,000 after acquiring an additional 143 shares during the period. 81.53% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group, Inc. (AAL) opened at 45.86 on Tuesday. The firm has a market cap of $22.33 billion, a P/E ratio of 11.39 and a beta of 0.98. The stock’s 50 day moving average is $47.46 and its 200 day moving average is $46.76. 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 announced its quarterly earnings data on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.05. The business had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 EPS. On average, equities research analysts expect that American Airlines Group, Inc. will post $5.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, August 10th. American Airlines Group’s payout ratio is presently 9.88%.

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A number of research firms recently weighed in on AAL. Morgan Stanley reaffirmed an “equal weight” rating and issued a $54.00 price objective (up from $53.00) on shares of American Airlines Group in a research note on Monday, July 17th. Citigroup Inc. upped their price objective on shares of American Airlines Group from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $52.00 price objective on shares of American Airlines Group in a research note on Thursday, July 13th. BidaskClub raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $49.00 price objective (up from $43.00) on shares of American Airlines Group in a research note on Sunday, July 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $56.21.

In related news, EVP Elise R. Eberwein sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available through 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 stock was sold at an average price of $47.97, for a total value of $479,700.00. Following the sale, the executive vice president now owns 161,476 shares of the company’s stock, valued at approximately $7,746,003.72. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

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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