Retirement Systems of Alabama reduced its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 7.8% during the third quarter, Holdings Channel reports. The firm owned 391,723 shares of the airline’s stock after selling 32,960 shares during the period. Retirement Systems of Alabama’s holdings in American Airlines Group were worth $14,341,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Checchi Capital Advisers LLC increased its stake in shares of American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock worth $117,000 after buying an additional 37 shares during the last quarter. Personal Capital Advisors Corp increased its stake in American Airlines Group by 0.6% in the second quarter. Personal Capital Advisors Corp now owns 12,695 shares of the airline’s stock worth $359,000 after buying an additional 72 shares during the last quarter. SSI Investment Management Inc. increased its stake in American Airlines Group by 1.7% in the second quarter. SSI Investment Management Inc. now owns 8,371 shares of the airline’s stock worth $237,000 after buying an additional 141 shares during the last quarter. TCW Group Inc. increased its stake in American Airlines Group by 0.5% in the second quarter. TCW Group Inc. now owns 42,400 shares of the airline’s stock worth $1,200,000 after buying an additional 200 shares during the last quarter. Finally, Reilly Financial Advisors LLC increased its stake in American Airlines Group by 2.5% in the third quarter. Reilly Financial Advisors LLC now owns 8,071 shares of the airline’s stock worth $295,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

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

American Airlines Group Inc. (NASDAQ:AAL) traded down 0.55% during mid-day trading on Wednesday, hitting $46.63. 3,311,554 shares of the stock traded hands. American Airlines Group Inc. has a 1-year low of $24.85 and a 1-year high of $46.95. The firm has a market capitalization of $24.16 billion, a P/E ratio of 4.83 and a beta of 0.88. The company has a 50-day moving average of $41.62 and a 200 day moving average of $35.90.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 20th. The airline reported $2.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $1.23. American Airlines Group had a return on equity of 95.17% and a net margin of 14.16%. The company earned $10.60 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same quarter in the previous year, the firm earned $2.77 earnings per share. American Airlines Group’s revenue was down 1.0% on a year-over-year basis. On average, equities research analysts anticipate that American Airlines Group Inc. will post $5.47 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 7th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, November 3rd. American Airlines Group’s dividend payout ratio is currently 4.30%.

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

In other American Airlines Group news, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $36.34, for a total value of $363,400.00. Following the completion of the sale, the executive vice president now owns 196,907 shares of the company’s stock, valued at $7,155,600.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Beverly K. Goulet sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $37.50, for a total value of $750,000.00. Following the completion of the sale, the executive vice president now directly owns 268,604 shares of the company’s stock, valued at approximately $10,072,650. The disclosure for this sale can be found here. 0.64% of the stock is owned by company 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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