Retirement Systems of Alabama cut its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 30.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 238,833 shares of the airline’s stock after selling 106,868 shares during the period. Retirement Systems of Alabama’s holdings in American Airlines Group were worth $12,018,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AAL. Teacher Retirement System of Texas boosted its position in shares of American Airlines Group by 9.2% in the first quarter. Teacher Retirement System of Texas now owns 323,344 shares of the airline’s stock valued at $13,677,000 after buying an additional 27,340 shares in the last quarter. Strs Ohio boosted its position in shares of American Airlines Group by 23.0% in the first quarter. Strs Ohio now owns 454,865 shares of the airline’s stock valued at $19,240,000 after buying an additional 85,000 shares in the last quarter. Beach Investment Counsel Inc. PA boosted its position in shares of American Airlines Group by 122.8% in the first quarter. Beach Investment Counsel Inc. PA now owns 174,197 shares of the airline’s stock valued at $7,369,000 after buying an additional 96,007 shares in the last quarter. Great Lakes Advisors LLC boosted its position in shares of American Airlines Group by 519.7% in the first quarter. Great Lakes Advisors LLC now owns 55,422 shares of the airline’s stock valued at $2,344,000 after buying an additional 46,478 shares in the last quarter. Finally, Gendell Jeffrey L boosted its position in shares of American Airlines Group by 47.7% in the first quarter. Gendell Jeffrey L now owns 1,033,753 shares of the airline’s stock valued at $43,728,000 after buying an additional 334,053 shares in the last quarter. 81.51% of the stock is currently owned by institutional investors.

Shares of American Airlines Group, Inc. (NASDAQ AAL) opened at 49.40 on Thursday. The company’s 50 day moving average is $51.03 and its 200 day moving average is $46.85. American Airlines Group, Inc. has a 12-month low of $33.90 and a 12-month high of $54.48. The firm has a market capitalization of $24.06 billion, a PE ratio of 12.26 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 company. This is an increase of 221% compared to the typical volume of 574 put options.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business earned $1.77 EPS. American Airlines Group’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts forecast that American Airlines Group, Inc. will post $5.13 earnings per share for the current year.

The firm 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 of this dividend 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 research firms have recently weighed in on AAL. ValuEngine raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Bank of America Corporation lifted their target price on shares of American Airlines Group from $40.00 to $42.00 and gave the stock an “underperform” rating in a research report on Friday, June 30th. Deutsche Bank AG dropped their target price on shares of 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 reissued a “hold” rating and issued a $58.00 target price on shares of American Airlines Group in a research report on Friday, April 28th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $50.00 target price (up from $49.00) on shares of American Airlines Group in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $53.57.

In related news, VP Derek J. Kerr sold 104,223 shares of the 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 completion of the sale, the vice president now directly owns 591,195 shares of the company’s stock, valued at approximately $29,559,750. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Elise R. Eberwein sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $50.35, for a total value of $2,517,500.00. Following the sale, the executive vice president now directly owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,623 shares of company stock valued at $9,389,966. 0.64% of the stock is owned by company 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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