Stifel Financial Corp grew its stake in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 110.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 203,265 shares of the airline’s stock after buying an additional 106,471 shares during the period. Stifel Financial Corp’s holdings in American Airlines Group were worth $10,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. UBS Asset Management Americas Inc. raised its holdings in American Airlines Group by 6.5% in the first quarter. UBS Asset Management Americas Inc. now owns 421,192 shares of the airline’s stock worth $17,816,000 after purchasing an additional 25,738 shares during the period. Victory Capital Management Inc. grew its holdings in shares of American Airlines Group by 9.2% in the 1st quarter. Victory Capital Management Inc. now owns 27,053 shares of the airline’s stock valued at $1,144,000 after buying an additional 2,290 shares during the period. Blair William & Co. IL grew its holdings in shares of American Airlines Group by 11.1% in the 1st quarter. Blair William & Co. IL now owns 12,863 shares of the airline’s stock valued at $595,000 after buying an additional 1,289 shares during the period. Cibc World Markets Corp increased its position in shares of American Airlines Group by 48.2% in the 1st quarter. Cibc World Markets Corp now owns 52,652 shares of the airline’s stock valued at $2,227,000 after buying an additional 17,122 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of American Airlines Group by 1.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 266,737 shares of the airline’s stock valued at $11,286,000 after buying an additional 2,555 shares in the last quarter. Hedge funds and other institutional investors own 81.56% of the company’s stock.

American Airlines Group, Inc. (NASDAQ:AAL) opened at 50.51 on Wednesday. The firm has a market capitalization of $24.60 billion, a P/E ratio of 12.54 and a beta of 0.99. American Airlines Group, Inc. has a 1-year low of $36.80 and a 1-year high of $54.48. The stock’s 50 day moving average is $45.90 and its 200-day moving average is $47.04. American Airlines Group also saw unusually large options trading on Monday. Stock investors acquired 1,841 put options on the company. This is an increase of 221% compared to the average volume of 574 put options.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.05. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The company had revenue of $11.11 billion for the quarter, compared to analysts’ expectations of $11.08 billion. During the same period last year, the business earned $1.77 EPS. American Airlines Group’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts forecast that American Airlines Group, Inc. will post $4.68 EPS for the current year.

Several research analysts have weighed in on the company. Morgan Stanley reiterated an “equal weight” rating and set a $54.00 target price (up from $53.00) on shares of American Airlines Group in a report on Monday, July 17th. Sanford C. Bernstein restated a “market perform” rating and issued a $52.00 price target on shares of American Airlines Group in a report on Thursday, July 13th. Citigroup Inc. increased their price target on American Airlines Group from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. BidaskClub raised American Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $49.00 price target (up previously from $43.00) on shares of American Airlines Group in a research report on Sunday, July 23rd. 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 assigned a strong buy rating to the company’s stock. American Airlines Group currently has an average rating of “Buy” and a consensus price target of $56.86.

ILLEGAL ACTIVITY NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.thecerbatgem.com/2017/10/04/american-airlines-group-inc-aal-holdings-boosted-by-stifel-financial-corp.html.

In other news, Director Ray M. Robinson sold 3,476 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the sale, the director now directly owns 29,938 shares of the company’s stock, valued at $1,399,900.88. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $50.35, for a total value of $2,517,500.00. Following the completion of the sale, the executive vice president now directly owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The disclosure for this sale can be found here. In the last three months, insiders sold 63,476 shares of company stock valued at $3,159,738. 0.69% of the stock is currently owned by 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.

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.