Oppenheimer & Co. Inc. cut its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 17.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,463 shares of the airline’s stock after selling 29,169 shares during the period. Oppenheimer & Co. Inc.’s holdings in American Airlines Group were worth $4,886,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAL. Prudential Financial Inc. raised its position in shares of American Airlines Group by 36.9% in the third quarter. Prudential Financial Inc. now owns 1,119,349 shares of the airline’s stock worth $40,979,000 after buying an additional 301,833 shares during the period. Ngam Advisors L.P. purchased a new position in shares of American Airlines Group during the third quarter worth about $378,000. Sentry Investment Management LLC raised its position in shares of American Airlines Group by 28.4% in the third quarter. Sentry Investment Management LLC now owns 118,297 shares of the airline’s stock worth $4,331,000 after buying an additional 26,146 shares during the period. Sei Investments Co. raised its position in shares of American Airlines Group by 1,914.4% in the third quarter. Sei Investments Co. now owns 371,436 shares of the airline’s stock worth $13,598,000 after buying an additional 352,997 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of American Airlines Group by 8.0% in the third quarter. UBS Asset Management Americas Inc. now owns 478,685 shares of the airline’s stock worth $17,523,000 after buying an additional 35,663 shares during the period. Institutional investors own 76.26% of the company’s stock.

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

Shares of American Airlines Group Inc. (NASDAQ:AAL) traded down 0.96% during trading on Wednesday, hitting $46.44. 7,878,916 shares of the company traded hands. The firm has a 50 day moving average price of $41.62 and a 200-day moving average price of $35.90. American Airlines Group Inc. has a one year low of $24.85 and a one year high of $46.95. The stock has a market cap of $24.06 billion, a price-to-earnings ratio of 4.81 and a beta of 0.88.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 20th. The airline reported $2.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $1.23. The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $5.43 billion. American Airlines Group had a net margin of 14.16% and a return on equity of 95.17%. American Airlines Group’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $2.77 EPS. Analysts predict that American Airlines Group Inc. will post $5.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 7th were given a $0.10 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $0.40 annualized dividend and a yield of 0.86%. American Airlines Group’s dividend payout ratio is presently 4.30%.

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Several brokerages have weighed in on AAL. Vetr upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $41.57 target price on the stock in a research report on Monday, October 24th. Imperial Capital restated an “in-line” rating and set a $43.00 target price (up from $40.00) on shares of American Airlines Group in a research report on Friday, October 21st. Wolfe Research set a $46.00 target price on shares of American Airlines Group and gave the stock a “buy” rating in a research report on Friday, October 21st. Stifel Nicolaus lowered their target price on shares of American Airlines Group from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, October 12th. Finally, Raymond James Financial Inc. lowered shares of American Airlines Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 21st. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $44.09.

In other American Airlines Group news, CMO Andrew P. Nocella sold 171,383 shares of the firm’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $40.65, for a total transaction of $6,966,718.95. Following the transaction, the chief marketing officer now owns 307,719 shares of the company’s stock, valued at approximately $12,508,777.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Beverly K. Goulet sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $40.51, for a total transaction of $202,550.00. Following the transaction, the executive vice president now directly owns 243,604 shares in the company, valued at approximately $9,868,398.04. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

American Airlines Group Company Profile

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

5 Day Chart for NASDAQ:AAL

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