KBC Group NV boosted its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 43.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 299,450 shares of the airline’s stock after buying an additional 90,821 shares during the period. KBC Group NV owned about 0.06% of American Airlines Group worth $15,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC purchased a new position in American Airlines Group during the second quarter valued at approximately $541,000. State of Wisconsin Investment Board increased its stake in American Airlines Group by 9.2% in the second quarter. State of Wisconsin Investment Board now owns 188,121 shares of the airline’s stock valued at $9,466,000 after buying an additional 15,880 shares during the period. Dupont Capital Management Corp increased its stake in American Airlines Group by 1.3% in the second quarter. Dupont Capital Management Corp now owns 141,833 shares of the airline’s stock valued at $7,137,000 after buying an additional 1,839 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in American Airlines Group by 42.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,106 shares of the airline’s stock valued at $2,219,000 after buying an additional 13,165 shares during the period. Finally, Convergence Investment Partners LLC increased its stake in American Airlines Group by 100.8% in the second quarter. Convergence Investment Partners LLC now owns 46,720 shares of the airline’s stock valued at $2,351,000 after buying an additional 23,453 shares during the period. 81.22% of the stock is owned by institutional investors.

Shares of American Airlines Group, Inc. (NASDAQ:AAL) opened at 45.55 on Friday. The company has a market capitalization of $22.18 billion, a P/E ratio of 11.31 and a beta of 0.96. American Airlines Group, Inc. has a 12-month low of $33.90 and a 12-month high of $54.48. The company has a 50 day moving average price of $50.80 and a 200 day moving average price of $46.88. American Airlines Group also saw some unusual options trading on Thursday. Traders purchased 23,622 call options on the company. This is an increase of approximately 192% compared to the average volume of 8,100 call 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, beating analysts’ consensus estimates of $1.87 by $0.05. The company had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. American Airlines Group’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 EPS. Equities analysts anticipate that American Airlines Group, Inc. will post $5.10 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, August 10th. American Airlines Group’s dividend payout ratio is currently 9.88%.

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Several analysts have recently weighed in on the company. Vetr upgraded American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $53.62 target price for the company in a research report on Tuesday, May 23rd. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 target price (up from $49.00) on shares of American Airlines Group in a research report on Monday, July 10th. Atlantic Securities assumed coverage on American Airlines Group in a research report on Tuesday, June 20th. They set an “underweight” rating and a $56.00 target price for the company. Bank of America Corporation lifted their target price on American Airlines Group from $40.00 to $42.00 and gave the stock an “underperform” rating in a research report on Friday, June 30th. Finally, Barclays PLC reiterated an “equal weight” rating on shares of American Airlines Group in a research report on Friday, May 19th. 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 has an average rating of “Hold” and a consensus target price of $53.45.

In other news, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $47.97, for a total transaction of $479,700.00. Following the sale, the executive vice president now owns 161,476 shares of the company’s stock, valued at approximately $7,746,003.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Elise R. Eberwein sold 50,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $15,727,728.80. The disclosure for this sale can be found here. Insiders sold a total of 197,623 shares of company stock worth $9,869,666 in the last ninety days. 0.64% 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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