Public Employees Retirement Association of Colorado decreased its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 6.9% during the second quarter, Holdings Channel reports. The fund owned 37,189 shares of the airline’s stock after selling 2,754 shares during the period. Public Employees Retirement Association of Colorado’s holdings in American Airlines Group were worth $1,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake 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 period. FMR LLC increased its stake 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 period. Primecap Management Co. CA increased its stake 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 period. Skandinaviska Enskilda Banken AB publ increased its stake in shares of 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 valued at $39,927,000 after buying an additional 924,800 shares during the period. Finally, LSV Asset Management increased its stake in shares of American Airlines Group by 34.3% in the first quarter. LSV Asset Management now owns 3,150,482 shares of the airline’s stock valued at $133,265,000 after buying an additional 804,745 shares during the period. 81.51% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group, Inc. (NASDAQ AAL) opened at 48.55 on Friday. The firm has a market cap of $23.64 billion, a P/E ratio of 12.05 and a beta of 0.96. The firm’s 50-day moving average price is $51.03 and its 200 day moving average price is $46.87. American Airlines Group, Inc. has a 52 week low of $33.90 and a 52 week high of $54.48.

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

The firm 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 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 dividend yield of 0.82%. American Airlines Group’s dividend payout ratio (DPR) is presently 9.88%.

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Several analysts have commented on the stock. Morgan Stanley restated an “equal weight” rating and set a $54.00 target price (up from $53.00) on shares of American Airlines Group in a report on Monday, July 17th. Citigroup Inc. raised their target price on shares of American Airlines Group from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Sanford C. Bernstein restated a “market perform” rating and set a $52.00 target price on shares of American Airlines Group in a report on Thursday, July 13th. BidaskClub upgraded shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Finally, Imperial Capital restated an “in-line” rating and set a $49.00 target price (up from $43.00) on shares of American Airlines Group in a report on Sunday, July 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. American Airlines Group currently has a consensus rating of “Hold” and an average price target of $53.57.

In other 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 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 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 shares were sold at an average price of $50.00, for a total value 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 have sold 187,623 shares of company stock valued at $9,389,966. Corporate insiders own 0.64% 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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