State of Tennessee Treasury Department decreased its holdings in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 35.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,933 shares of the airline’s stock after selling 66,003 shares during the quarter. State of Tennessee Treasury Department’s holdings in American Airlines Group were worth $5,601,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in shares of American Airlines Group by 3.2% during the 2nd quarter. Bank of Montreal Can now owns 382,370 shares of the airline’s stock valued at $19,242,000 after acquiring an additional 11,906 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its position in shares of American Airlines Group by 9.3% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 71,891 shares of the airline’s stock valued at $3,618,000 after acquiring an additional 6,138 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of American Airlines Group during the 2nd quarter valued at about $207,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of American Airlines Group by 498.7% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 20,530 shares of the airline’s stock valued at $1,033,000 after acquiring an additional 17,101 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its position in shares of American Airlines Group by 51.1% during the 2nd quarter. Eqis Capital Management Inc. now owns 10,984 shares of the airline’s stock valued at $553,000 after acquiring an additional 3,713 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

AAL has been the topic of a number of recent analyst reports. J P Morgan Chase & Co raised shares of American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 target price on the stock in a research report on Wednesday, November 1st. Buckingham Research reaffirmed a “buy” rating and issued a $70.00 target price (up previously from $68.00) on shares of American Airlines Group in a research report on Monday, July 31st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $52.00 target price (down previously from $54.00) on shares of American Airlines Group in a research report on Thursday, August 17th. Macquarie initiated coverage on shares of American Airlines Group in a research report on Monday, September 25th. They issued a “neutral” rating and a $47.00 target price on the stock. Finally, Raymond James Financial, Inc. raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $58.47.

In related news, Director Ray M. Robinson sold 3,476 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total transaction 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 filing with the SEC, which is available through the SEC website. 0.69% of the stock is owned by company insiders.

Shares of American Airlines Group, Inc. (NASDAQ:AAL) opened at $45.74 on Tuesday. The firm has a market capitalization of $21,924.83, a P/E ratio of 9.41 and a beta of 0.97. American Airlines Group, Inc. has a fifty-two week low of $39.21 and a fifty-two week high of $54.48. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.02. The business had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.88 billion. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.80 earnings per share. sell-side analysts predict that American Airlines Group, Inc. will post 4.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Friday, November 10th. American Airlines Group’s dividend payout ratio is presently 10.18%.

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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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