Hodges Capital Management Inc. reduced its position in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 43.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307,013 shares of the airline’s stock after selling 236,994 shares during the period. Hodges Capital Management Inc.’s holdings in American Airlines Group were worth $15,449,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock worth $1,210,114,000 after buying an additional 27,977,045 shares during the period. FMR LLC raised its position in American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock worth $1,134,705,000 after buying an additional 9,667,389 shares during the period. Primecap Management Co. CA raised its position in American Airlines Group by 3.4% in the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock worth $1,977,349,000 after buying an additional 1,524,040 shares during the period. Skandinaviska Enskilda Banken AB publ raised its position in American Airlines Group by 4,841.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 943,900 shares of the airline’s stock worth $39,927,000 after buying an additional 924,800 shares during the period. Finally, LSV Asset Management raised its position in American Airlines Group by 34.3% in the first quarter. LSV Asset Management now owns 3,150,482 shares of the airline’s stock worth $133,265,000 after buying an additional 804,745 shares during the period. Hedge funds and other institutional investors own 81.51% of the company’s stock.

American Airlines Group, Inc. (NASDAQ AAL) opened at 50.80 on Monday. The stock’s 50 day moving average price is $50.82 and its 200 day moving average price is $46.72. American Airlines Group, Inc. has a 1-year low of $33.68 and a 1-year high of $54.48. The firm has a market cap of $24.74 billion, a P/E ratio of 12.61 and a beta of 0.96.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.05. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The business had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. During the same quarter last year, the business posted $1.77 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts predict that American Airlines Group, Inc. will post $5.13 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.40 annualized dividend and a yield of 0.79%. American Airlines Group’s dividend payout ratio is currently 9.88%.

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AAL has been the topic of a number of analyst reports. Vetr upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $49.75 price objective on the stock in a research report on Monday, April 24th. BidaskClub upgraded shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Imperial Capital restated an “in-line” rating and set a $43.00 target price on shares of American Airlines Group in a research report on Friday, May 19th. J P Morgan Chase & Co lowered shares of American Airlines Group from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $59.00 to $52.00 in a research report on Thursday, April 27th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $52.00 target price on shares of American Airlines Group in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. American Airlines Group currently has a consensus rating of “Hold” and a consensus price target of $53.57.

In other news, EVP Elise R. Eberwein sold 33,400 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the completion of the sale, the executive vice president now directly owns 362,368 shares of the company’s stock, valued at $18,024,184.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Maya Leibman sold 23,857 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $47.24, for a total value of $1,127,004.68. Following the sale, the executive vice president now directly owns 182,178 shares of the company’s stock, valued at $8,606,088.72. The disclosure for this sale can be found here. Insiders have sold 211,480 shares of company stock valued at $10,516,971 in the last ninety days. Company insiders own 0.69% of the company’s stock.

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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