NEXT Financial Group Inc lessened its holdings in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,670 shares of the airline’s stock after selling 1,400 shares during the quarter. NEXT Financial Group Inc’s holdings in American Airlines Group were worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AAL. Boston Partners purchased a new position in shares of American Airlines Group during the 3rd quarter worth $113,633,000. Cyrus Capital Partners L.P. purchased a new position in shares of American Airlines Group during the 2nd quarter valued at $75,480,000. Parametric Portfolio Associates LLC lifted its stake in shares of American Airlines Group by 111.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,336,192 shares of the airline’s stock valued at $67,237,000 after buying an additional 703,617 shares in the last quarter. AJO LP lifted 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 valued at $47,918,000 after buying an additional 627,426 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of American Airlines Group by 162.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 912,485 shares of the airline’s stock valued at $43,332,000 after buying an additional 564,627 shares in the last quarter. Institutional investors and hedge funds own 82.96% of the company’s stock.

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AAL has been the topic of a number of analyst reports. J P Morgan Chase & Co upgraded shares of American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 target price on the stock in a research note on Wednesday, November 1st. Buckingham Research restated a “buy” rating and set a $70.00 target price (up previously from $68.00) on shares of American Airlines Group in a research note on Monday, July 31st. Morgan Stanley lowered their target price on shares of American Airlines Group from $52.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Friday, September 1st. Macquarie initiated coverage on shares of American Airlines Group in a research note on Monday, September 25th. They set a “neutral” rating and a $47.00 target price on the stock. Finally, Raymond James Financial, Inc. upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research note on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $58.47.

American Airlines Group, Inc. (AAL) traded down $0.29 during trading on Monday, hitting $47.39. 2,324,800 shares of the stock were exchanged, compared to its average volume of 6,117,563. American Airlines Group, Inc. has a 12-month low of $39.21 and a 12-month high of $54.48. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.57 and a current ratio of 0.65. The company has a market cap of $22,700.00, a P/E ratio of 9.73 and a beta of 0.97.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.02. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The firm had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.88 billion. During the same period in the previous year, the firm posted $2.80 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. sell-side analysts forecast that American Airlines Group, Inc. will post 4.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. American Airlines Group’s dividend payout ratio (DPR) is presently 10.18%.

In other news, Director Ray M. Robinson sold 3,476 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $46.76, for a total value of $162,537.76. Following the sale, the director now directly owns 29,938 shares in the company, valued at approximately $1,399,900.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.69% of the company’s stock.

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.

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

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