Stoneridge Investment Partners LLC acquired a new stake in shares of American Airlines Group Inc (NASDAQ:AAL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 59,546 shares of the airline’s stock, valued at approximately $1,912,000.

Several other hedge funds have also recently made changes to their positions in AAL. Primecap Management Co. CA boosted its stake in shares of American Airlines Group by 16.3% during the 3rd quarter. Primecap Management Co. CA now owns 68,944,981 shares of the airline’s stock worth $2,849,496,000 after purchasing an additional 9,665,167 shares during the period. Lansdowne Partners UK LLP boosted its stake in shares of American Airlines Group by 23.5% during the 3rd quarter. Lansdowne Partners UK LLP now owns 7,391,768 shares of the airline’s stock worth $305,501,000 after purchasing an additional 1,407,699 shares during the period. Capital World Investors boosted its stake in shares of American Airlines Group by 653.7% during the 3rd quarter. Capital World Investors now owns 6,572,000 shares of the airline’s stock worth $271,621,000 after purchasing an additional 5,700,000 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of American Airlines Group by 19.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,270,123 shares of the airline’s stock worth $135,155,000 after purchasing an additional 528,532 shares during the period. Finally, RWC Asset Management LLP boosted its stake in shares of American Airlines Group by 9.3% during the 4th quarter. RWC Asset Management LLP now owns 2,559,057 shares of the airline’s stock worth $82,171,000 after purchasing an additional 217,761 shares during the period. Hedge funds and other institutional investors own 82.04% of the company’s stock.

In other American Airlines Group news, Director Jeffrey D. Benjamin purchased 15,000 shares of American Airlines Group stock in a transaction dated Monday, November 19th. The stock was acquired at an average price of $35.69 per share, for a total transaction of $535,350.00. Following the acquisition, the director now owns 22,146 shares in the company, valued at approximately $790,390.74. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

AAL traded up $0.36 on Monday, reaching $36.36. 1,748,025 shares of the company traded hands, compared to its average volume of 8,592,206. American Airlines Group Inc has a one year low of $28.81 and a one year high of $57.44. The firm has a market capitalization of $16.79 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 1.18 and a beta of 1.59.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 24th. The airline reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. American Airlines Group had a net margin of 3.17% and a negative return on equity of 322.87%. The business had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same quarter in the previous year, the business posted $0.95 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities analysts predict that American Airlines Group Inc will post 6 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Stockholders of record on Wednesday, February 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 5th. This represents a $0.40 annualized dividend and a dividend yield of 1.10%. American Airlines Group’s dividend payout ratio is currently 8.79%.

A number of equities analysts recently commented on the stock. Zacks Investment Research reaffirmed a “hold” rating on shares of American Airlines Group in a research note on Monday, November 12th. Argus assumed coverage on shares of American Airlines Group in a research note on Friday. They set a “hold” rating and a $36.00 price target for the company. Vertical Research assumed coverage on shares of American Airlines Group in a research note on Monday, February 4th. They set a “hold” rating for the company. ValuEngine raised shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st. Finally, Cowen reaffirmed an “outperform” rating and set a $42.00 price target (down from $43.00) on shares of American Airlines Group in a research note on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. American Airlines Group has a consensus rating of “Buy” and a consensus target price of $47.24.

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About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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

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