First Allied Advisory Services Inc. raised its holdings in American Airlines Group, Inc. (NASDAQ:AAL) by 22.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 21,832 shares of the airline’s stock after acquiring an additional 3,942 shares during the period. First Allied Advisory Services Inc.’s holdings in American Airlines Group were worth $1,097,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AAL. Wetherby Asset Management Inc. lifted its stake in shares of American Airlines Group by 1.0% during the 2nd quarter. Wetherby Asset Management Inc. now owns 4,969 shares of the airline’s stock worth $250,000 after purchasing an additional 47 shares during the period. First Manhattan Co. grew its position in shares of American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after purchasing an additional 75 shares during the period. LS Investment Advisors LLC grew its position in shares of American Airlines Group by 0.5% in the second quarter. LS Investment Advisors LLC now owns 21,283 shares of the airline’s stock valued at $1,071,000 after purchasing an additional 97 shares during the period. Thrivent Financial For Lutherans grew its position in shares of American Airlines Group by 0.6% in the second quarter. Thrivent Financial For Lutherans now owns 21,507 shares of the airline’s stock valued at $1,090,000 after purchasing an additional 130 shares during the period. Finally, Cadence Capital Management LLC grew its position in shares of American Airlines Group by 0.7% in the second quarter. Cadence Capital Management LLC now owns 19,841 shares of the airline’s stock valued at $998,000 after purchasing an additional 140 shares during the period. Institutional investors own 81.56% of the company’s stock.

AAL has been the topic of several recent analyst reports. Sanford C. Bernstein reiterated a “hold” rating on shares of American Airlines Group in a research report on Monday, August 7th. Zacks Investment Research downgraded shares of American Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Monday. Cowen and Company reaffirmed an “outperform” rating and set a $55.00 price objective on shares of American Airlines Group in a research note on Tuesday, September 26th. BidaskClub lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Finally, Bank of America Corporation raised their target price on shares of American Airlines Group to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $56.86.

American Airlines Group, Inc. (NASDAQ AAL) traded up 0.04% during trading on Monday, reaching $47.51. The company’s stock had a trading volume of 505,931 shares. American Airlines Group, Inc. has a 52-week low of $35.86 and a 52-week high of $54.48. The firm has a market capitalization of $23.14 billion, a price-to-earnings ratio of 11.79 and a beta of 0.99. The stock’s 50-day moving average is $46.60 and its 200 day moving average is $46.73.

American Airlines Group (NASDAQ:AAL) last announced 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 company 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 in the previous year, the firm earned $1.77 earnings per share. On average, analysts predict that American Airlines Group, Inc. will post $4.70 EPS for the current fiscal year.

In other news, EVP Elise R. Eberwein sold 50,000 shares of American Airlines Group stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total value of $2,517,500.00. Following the transaction, the executive vice president now owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the transaction, the director now directly owns 29,938 shares in the company, valued at approximately $1,399,900.88. The disclosure for this sale can be found here. Insiders sold a total of 63,476 shares of company stock worth $3,159,738 over the last three months. 0.69% of the stock is owned by company insiders.

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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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