Quantitative Investment Management LLC increased its holdings in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 1,135.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 119,800 shares of the airline’s stock after purchasing an additional 110,100 shares during the quarter. Quantitative Investment Management LLC’s holdings in American Airlines Group were worth $6,028,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of American Airlines Group by 4,435.0% during the 1st quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock worth $1,210,114,000 after acquiring an additional 27,977,045 shares in the last quarter. FMR LLC grew its stake in shares of American Airlines Group by 56.3% during the 1st quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock worth $1,134,705,000 after acquiring an additional 9,667,389 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of American Airlines Group by 3.4% during the 1st quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock worth $1,977,349,000 after acquiring an additional 1,524,040 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of American Airlines Group by 4,841.9% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 943,900 shares of the airline’s stock worth $39,927,000 after acquiring an additional 924,800 shares in the last quarter. Finally, AJO LP grew its stake in shares of American Airlines Group by 193.2% during the 2nd quarter. AJO LP now owns 952,263 shares of the airline’s stock worth $47,918,000 after acquiring an additional 627,426 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

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In other American Airlines Group news, Director Ray M. Robinson sold 3,476 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the transaction, the director now owns 29,938 shares in the company, valued at approximately $1,399,900.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 161,476 shares of the company’s stock, valued at approximately $7,746,003.72. The disclosure for this sale can be found here. Insiders sold a total of 63,476 shares of company stock valued at $3,159,738 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Shares of American Airlines Group, Inc. (AAL) opened at 47.06 on Friday. American Airlines Group, Inc. has a one year low of $33.90 and a one year high of $54.48. The firm’s 50-day moving average price is $46.60 and its 200 day moving average price is $46.73. The firm has a market cap of $22.92 billion, a P/E ratio of 11.68 and a beta of 0.98.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data 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 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 business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.77 EPS. Analysts predict that American Airlines Group, Inc. will post $4.70 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 14th were paid a $0.10 dividend. The ex-dividend date was Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.85%. American Airlines Group’s dividend payout ratio (DPR) is presently 9.88%.

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein reaffirmed a “hold” rating on shares of American Airlines Group in a research note on Monday, August 7th. Morgan Stanley reaffirmed an “equal weight” rating on shares of American Airlines Group in a research note on Monday, September 18th. BidaskClub raised shares of American Airlines Group from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research cut shares of American Airlines Group from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, J P Morgan Chase & Co cut shares of American Airlines Group from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $61.00 to $53.00 in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. American Airlines Group presently has an average rating of “Buy” and a consensus target price of $57.44.

American Airlines Group 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.

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

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