Caisse DE Depot ET Placement DU Quebec grew its stake in American Airlines Group Inc (NASDAQ:AAL) by 5.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,367 shares of the airline’s stock after purchasing an additional 4,500 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in American Airlines Group were worth $3,880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Koch Industries Inc. bought a new position in shares of American Airlines Group in the 2nd quarter worth about $265,000. Daiwa Securities Group Inc. increased its stake in shares of American Airlines Group by 215.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 31,428 shares of the airline’s stock worth $1,493,000 after acquiring an additional 21,478 shares in the last quarter. Virtu KCG Holdings LLC bought a new position in shares of American Airlines Group in the 2nd quarter worth about $322,000. State of Tennessee Treasury Department increased its stake in shares of American Airlines Group by 33.5% in the 2nd quarter. State of Tennessee Treasury Department now owns 183,936 shares of the airline’s stock worth $9,256,000 after acquiring an additional 46,114 shares in the last quarter. Finally, Allen Investment Management LLC increased its stake in shares of American Airlines Group by 65.3% in the 2nd quarter. Allen Investment Management LLC now owns 37,455 shares of the airline’s stock worth $1,885,000 after acquiring an additional 14,797 shares in the last quarter. Institutional investors and hedge funds own 81.29% of the company’s stock.

Shares of American Airlines Group Inc (NASDAQ AAL) opened at $51.02 on Monday. The firm has a market cap of $24,410.00, a PE ratio of 10.48 and a beta of 0.99. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.57 and a current ratio of 0.65. American Airlines Group Inc has a 12 month low of $39.21 and a 12 month high of $54.48.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. The business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. American Airlines Group’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $2.80 EPS. equities research analysts predict that American Airlines Group Inc will post 4.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, November 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. American Airlines Group’s dividend payout ratio is currently 10.18%.

AAL has been the subject of several research 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 price target for the company in a research note on Wednesday, November 1st. Cowen increased their price target on shares of American Airlines Group from $55.00 to $56.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 10th. Buckingham Research reiterated a “buy” rating on shares of American Airlines Group in a research note on Friday, October 27th. BidaskClub lowered shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $59.83.

In other news, Director Alberto Ibarguen sold 4,229 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ray M. Robinson sold 3,476 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

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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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