Axa decreased its position in American Airlines Group, Inc. (NASDAQ:AAL) by 74.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 128,692 shares of the airline’s stock after selling 381,745 shares during the period. Axa’s holdings in American Airlines Group were worth $6,476,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AAL. MCF Advisors LLC bought a new position in American Airlines Group during the second quarter worth about $106,000. First Manhattan Co. boosted its holdings in American Airlines Group by 3.3% during the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after buying an additional 75 shares during the last quarter. D. Scott Neal Inc. bought a new position in American Airlines Group during the second quarter worth about $120,000. Huntington National Bank boosted its holdings in American Airlines Group by 71.9% during the second quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock worth $132,000 after buying an additional 1,100 shares during the last quarter. Finally, Global X Management Co. LLC boosted its holdings in American Airlines Group by 26.7% during the first quarter. Global X Management Co. LLC now owns 3,528 shares of the airline’s stock worth $149,000 after buying an additional 743 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

In related news, 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 transaction of $2,517,500.00. Following the completion of the sale, the executive vice president now directly owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maya Leibman sold 10,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $47.97, for a total value of $479,700.00. Following the sale, the executive vice president now directly owns 161,476 shares of the company’s stock, valued at $7,746,003.72. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

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American Airlines Group, Inc. (NASDAQ:AAL) opened at 46.18 on Friday. The firm has a market cap of $22.49 billion, a price-to-earnings ratio of 11.46 and a beta of 0.98. 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 $47.03 and its 200 day moving average price is $46.75.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping the 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 quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.77 earnings per share. Equities research analysts anticipate that American Airlines Group, Inc. will post $4.86 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Thursday, August 10th. American Airlines Group’s dividend payout ratio (DPR) is presently 9.88%.

A number of brokerages have issued reports on AAL. Vetr upgraded American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $53.62 target price on the stock in a report on Tuesday, May 23rd. Morgan Stanley restated an “equal weight” rating and set a $50.00 target price (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 set an “underweight” rating and a $56.00 target price on the stock. Citigroup Inc. restated a “buy” rating on shares of American Airlines Group in a report on Wednesday. Finally, Cowen and Company restated a “buy” rating and set a $57.00 target price on shares of American Airlines Group in a report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. American Airlines Group has a consensus rating of “Hold” and an average target price of $57.28.

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.

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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