Candriam Luxembourg S.C.A. cut its stake in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 67.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,528 shares of the airline’s stock after selling 178,481 shares during the period. Candriam Luxembourg S.C.A.’s holdings in American Airlines Group were worth $4,405,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. MCF Advisors LLC purchased a new stake in shares of American Airlines Group during the second quarter valued at $106,000. First Manhattan Co. raised its stake in shares of American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after buying an additional 75 shares during the period. D. Scott Neal Inc. purchased a new stake in shares of American Airlines Group during the second quarter valued at $120,000. Huntington National Bank raised its stake in shares of American Airlines Group by 71.9% in the second quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock valued at $132,000 after buying an additional 1,100 shares during the period. Finally, Global X Management Co. LLC raised its stake in shares of American Airlines Group by 26.7% in the first quarter. Global X Management Co. LLC now owns 3,528 shares of the airline’s stock valued at $149,000 after buying an additional 743 shares during the period. Institutional investors and hedge funds own 81.51% of the company’s stock.

Shares of American Airlines Group, Inc. (NASDAQ:AAL) opened at 50.58 on Tuesday. 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 one year low of $33.68 and a one year high of $54.48. The stock has a market capitalization of $24.63 billion, a P/E ratio of 12.56 and a beta of 0.96. American Airlines Group also was the target of unusually large options trading on Monday. Traders purchased 1,841 put options on the stock. This represents an increase of 221% compared to the typical daily volume of 574 put options.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $11.08 billion. During the same period last year, the company earned $1.77 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. On average, analysts forecast that American Airlines Group, Inc. will post $5.13 EPS for the current year.

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

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Several brokerages have recently weighed in on AAL. Vetr upgraded American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $53.62 price objective for the company in a report on Tuesday, May 23rd. Morgan Stanley restated an “equal weight” rating and issued a $50.00 price objective (up previously from $49.00) on shares of American Airlines Group in a report on Monday, July 10th. Atlantic Securities began coverage on American Airlines Group in a report on Tuesday, June 20th. They issued an “underweight” rating and a $56.00 price objective for the company. Cowen and Company restated an “outperform” rating on shares of American Airlines Group in a report on Friday, April 14th. Finally, Bank of America Corporation upped their price objective on American Airlines Group from $40.00 to $42.00 and gave the company an “underperform” rating in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. American Airlines Group presently has a consensus rating of “Hold” and an average price target of $53.57.

In other American Airlines Group news, EVP Elise R. Eberwein sold 50,000 shares of American Airlines Group stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $50.35, for a total transaction of $2,517,500.00. Following the transaction, the executive vice president now directly owns 312,368 shares in the company, valued at $15,727,728.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Derek J. Kerr sold 104,223 shares of American Airlines Group stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $50.00, for a total value of $5,211,150.00. Following the transaction, the vice president now owns 591,195 shares in the company, valued at $29,559,750. The disclosure for this sale can be found here. Insiders sold a total of 211,480 shares of company stock worth $10,516,971 over the last 90 days. 0.69% of the stock is owned by corporate insiders.

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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