Alliancebernstein L.P. trimmed its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 8.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 844,351 shares of the airline’s stock after selling 78,960 shares during the quarter. Alliancebernstein L.P. owned approximately 0.17% of American Airlines Group worth $42,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wetherby Asset Management Inc. boosted its stake in American Airlines Group by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 4,969 shares of the airline’s stock valued at $250,000 after acquiring an additional 47 shares during the last quarter. First Manhattan Co. boosted its stake in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after acquiring an additional 75 shares during the last quarter. LS Investment Advisors LLC boosted its stake in American Airlines Group by 0.5% in the second quarter. LS Investment Advisors LLC now owns 21,283 shares of the airline’s stock valued at $1,071,000 after acquiring an additional 97 shares during the last quarter. Cadence Capital Management LLC boosted its stake in American Airlines Group by 0.7% in the second quarter. Cadence Capital Management LLC now owns 19,841 shares of the airline’s stock valued at $998,000 after acquiring an additional 140 shares during the last quarter. Finally, Trust Department MB Financial Bank N A boosted its stake in American Airlines Group by 1.0% in the second quarter. Trust Department MB Financial Bank N A now owns 15,022 shares of the airline’s stock valued at $756,000 after acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

In other American Airlines Group news, EVP Elise R. Eberwein sold 50,000 shares of American Airlines Group 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 transaction, the executive vice president now owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction of $162,537.76. Following the transaction, the director now directly owns 29,938 shares in the company, valued at approximately $1,399,900.88. The disclosure for this sale can be found here. Insiders have sold 63,476 shares of company stock worth $3,159,738 in the last ninety days. Insiders own 0.64% of the company’s stock.

A number of research firms have weighed in on AAL. J P Morgan Chase & Co cut shares of American Airlines Group from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $61.00 to $53.00 in a research note on Friday. BidaskClub upgraded shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Thursday. Barclays PLC reiterated a “hold” rating and issued a $55.00 target price on shares of American Airlines Group in a research note on Thursday. Citigroup Inc. reiterated a “buy” rating on shares of American Airlines Group in a research note on Wednesday. Finally, Cowen and Company reiterated an “outperform” rating and issued a $55.00 target price (down from $57.00) on shares of American Airlines Group in a research note on Wednesday. Two research 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 stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.78.

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Shares of American Airlines Group, Inc. (NASDAQ:AAL) opened at 46.00 on Friday. The stock has a market capitalization of $22.40 billion, a PE ratio of 11.42 and a beta of 0.98. American Airlines Group, Inc. has a 1-year low of $33.90 and a 1-year high of $54.48. The firm has a 50-day moving average of $46.92 and a 200 day moving average of $46.75.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The business had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. During the same quarter in the previous year, the firm earned $1.77 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts predict that American Airlines Group, Inc. will post $4.86 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 14th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.87%. The ex-dividend date was Thursday, August 10th. American Airlines Group’s dividend payout ratio is currently 9.88%.

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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