Schwab Charles Investment Management Inc. trimmed its holdings in shares of American Airlines Group Inc (NASDAQ:AAL) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,548,914 shares of the airline’s stock after selling 59,804 shares during the period. Schwab Charles Investment Management Inc. owned about 0.32% of American Airlines Group worth $73,558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Partners Value Investments LP increased its stake in shares of American Airlines Group by 61.7% during the 3rd quarter. Partners Value Investments LP now owns 228,100 shares of the airline’s stock worth $10,832,000 after purchasing an additional 87,000 shares in the last quarter. Commonwealth Bank of Australia increased its stake in shares of American Airlines Group by 6.2% during the 3rd quarter. Commonwealth Bank of Australia now owns 130,671 shares of the airline’s stock worth $6,200,000 after purchasing an additional 7,613 shares in the last quarter. Zeke Capital Advisors LLC increased its stake in shares of American Airlines Group by 33.1% during the 3rd quarter. Zeke Capital Advisors LLC now owns 9,300 shares of the airline’s stock worth $442,000 after purchasing an additional 2,315 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of American Airlines Group by 202.1% during the 3rd quarter. Schroder Investment Management Group now owns 144,249 shares of the airline’s stock worth $6,850,000 after purchasing an additional 96,496 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of American Airlines Group during the 3rd quarter worth approximately $825,000. 81.29% of the stock is owned by institutional investors and hedge funds.

Shares of American Airlines Group Inc (NASDAQ:AAL) opened at $49.00 on Friday. American Airlines Group Inc has a 12 month low of $39.21 and a 12 month high of $54.48. The stock has a market cap of $24,159.42, a price-to-earnings ratio of 10.37 and a beta of 0.99. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.02. American Airlines Group had a net margin of 5.74% and a return on equity of 65.32%. The company had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.88 billion. During the same period in the previous year, the company earned $2.80 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. sell-side analysts predict that American Airlines Group Inc will post 4.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.82%. American Airlines Group’s dividend payout ratio is presently 10.18%.

AAL has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on shares of American Airlines Group from $52.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, September 1st. 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 for the company in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of American Airlines Group from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Citigroup reaffirmed a “buy” rating on shares of American Airlines Group in a research note on Wednesday, September 13th. Finally, Barclays raised shares of American Airlines Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $55.00 to $65.00 in a research note on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. American Airlines Group presently has an average rating of “Buy” and an average target price of $58.47.

In other news, Director Alberto Ibarguen sold 4,229 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ray M. Robinson sold 3,476 shares of the business’s stock in a transaction 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 sale, the director now directly owns 29,938 shares of the company’s stock, valued at $1,399,900.88. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.

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About American Airlines Group

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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