State Street Corp reduced its stake in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 5.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,619,808 shares of the airline’s stock after selling 972,655 shares during the quarter. State Street Corp owned about 3.62% of American Airlines Group worth $886,616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas increased its stake 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 worth $13,677,000 after acquiring an additional 27,340 shares during the last quarter. State of Tennessee Treasury Department increased its stake in American Airlines Group by 33.5% during the second quarter. State of Tennessee Treasury Department now owns 183,936 shares of the airline’s stock worth $9,256,000 after acquiring an additional 46,114 shares during the last quarter. Allen Investment Management LLC increased its stake in American Airlines Group by 65.3% during the second quarter. Allen Investment Management LLC now owns 37,455 shares of the airline’s stock worth $1,885,000 after acquiring an additional 14,797 shares during the last quarter. Gendell Jeffrey L increased its stake 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 worth $43,728,000 after acquiring an additional 334,053 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in American Airlines Group during the second quarter worth approximately $3,259,000. 81.56% of the stock is currently owned by institutional investors.

In other American Airlines Group news, EVP Maya Leibman sold 10,000 shares of the firm’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 owns 161,476 shares of the company’s stock, valued at approximately $7,746,003.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ray M. Robinson sold 3,476 shares of the firm’s 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 of the company’s stock, 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 valued at $3,159,738 in the last quarter. 0.69% of the stock is owned by insiders.

Several equities research analysts have weighed in on AAL shares. Morgan Stanley reduced their price objective on American Airlines Group from $52.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Friday, September 1st. Bank of America Corporation boosted their price objective on American Airlines Group from $40.00 to $42.00 and gave the stock an “underperform” rating in a research note on Friday, June 30th. Zacks Investment Research lowered American Airlines Group from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Citigroup Inc. boosted their target price on American Airlines Group from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Finally, BidaskClub lowered American Airlines Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. American Airlines Group currently has an average rating of “Buy” and a consensus price target of $56.97.

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Shares of American Airlines Group, Inc. (AAL) traded down 0.9029% during mid-day trading on Monday, hitting $50.8368. The company had a trading volume of 760,846 shares. The firm has a 50-day moving average price of $46.17 and a 200 day moving average price of $47.16. American Airlines Group, Inc. has a 52-week low of $36.80 and a 52-week high of $54.48. The firm has a market capitalization of $24.76 billion, a price-to-earnings ratio of 12.6209 and a beta of 0.99.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm had revenue of $11.11 billion during the quarter, compared to the consensus estimate of $11.08 billion. During the same quarter last year, the firm earned $1.77 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts expect that American Airlines Group, Inc. will post $4.65 earnings per share for the current year.

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.

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

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