Montgomery Investment Management Inc. bought a new stake in shares of American Airlines Group, Inc. (NASDAQ:AAL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,100 shares of the airline’s stock, valued at approximately $207,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Primecap Management Co. CA increased its position in shares of 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 valued at $1,977,349,000 after buying an additional 1,524,040 shares during the last quarter. BlackRock Inc. increased its position in shares of American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock valued at $1,210,114,000 after buying an additional 27,977,045 shares during the last quarter. FMR LLC increased its position in shares of American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock valued at $1,134,705,000 after buying an additional 9,667,389 shares during the last quarter. Geode Capital Management LLC increased its position in shares of American Airlines Group by 7.6% in the first quarter. Geode Capital Management LLC now owns 5,297,036 shares of the airline’s stock valued at $223,815,000 after buying an additional 375,764 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of American Airlines Group by 14.3% in the first quarter. Bank of New York Mellon Corp now owns 4,304,358 shares of the airline’s stock valued at $182,075,000 after buying an additional 539,307 shares during the last quarter. Institutional investors own 81.51% of the company’s stock.

Shares of American Airlines Group, Inc. (AAL) opened at 49.40 on Thursday. American Airlines Group, Inc. has a 52 week low of $33.90 and a 52 week high of $54.48. The firm’s 50-day moving average price is $51.03 and its 200 day moving average price is $46.85. The company has a market capitalization of $24.06 billion, a PE ratio of 12.26 and a beta of 0.96. American Airlines Group also saw some unusual options trading activity on Monday. Stock traders bought 1,841 put options on the company. This represents an increase of approximately 221% compared to the typical volume of 574 put options.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be issued a $0.10 dividend. The ex-dividend date is Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. American Airlines Group’s payout ratio is 9.88%.

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Several equities analysts have recently commented on AAL shares. ValuEngine upgraded American Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Bank of America Corporation boosted their price objective on American Airlines Group from $40.00 to $42.00 and gave the company an “underperform” rating in a research report on Friday, June 30th. Deutsche Bank AG lowered their price objective on American Airlines Group from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Barclays PLC restated a “hold” rating and issued a $58.00 price objective on shares of American Airlines Group in a research report on Friday, April 28th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $50.00 price objective (up from $49.00) on shares of American Airlines Group in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $53.57.

In other news, EVP Elise R. Eberwein sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total transaction of $2,517,500.00. Following the completion of the sale, the executive vice president now owns 312,368 shares in the company, valued at approximately $15,727,728.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Derek J. Kerr sold 104,223 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the sale, the vice president now owns 591,195 shares of the company’s stock, valued at approximately $29,559,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,623 shares of company stock valued at $9,389,966. 0.64% of the stock is owned by insiders.

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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