Cornerstone Capital Management Holdings LLC. lowered its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 19.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,834 shares of the airline’s stock after selling 18,339 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in American Airlines Group were worth $3,553,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Beach Investment Management LLC. raised its stake in shares of American Airlines Group by 951.9% in the 2nd quarter. Beach Investment Management LLC. now owns 175,777 shares of the airline’s stock valued at $8,845,000 after acquiring an additional 159,067 shares during the period. Global X Management Co. LLC raised its stake in shares of American Airlines Group by 65.4% in the 2nd quarter. Global X Management Co. LLC now owns 5,834 shares of the airline’s stock valued at $294,000 after acquiring an additional 2,306 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of American Airlines Group by 12,631.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 12,095 shares of the airline’s stock valued at $609,000 after acquiring an additional 12,000 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of American Airlines Group by 4.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,608,718 shares of the airline’s stock valued at $80,951,000 after acquiring an additional 72,210 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of American Airlines Group by 42.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,106 shares of the airline’s stock valued at $2,219,000 after acquiring an additional 13,165 shares during the period. 81.29% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on the stock. Cowen raised their target price on shares of American Airlines Group from $55.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday, October 10th. Buckingham Research reaffirmed a “buy” rating on shares of American Airlines Group in a report on Friday, October 27th. Zacks Investment Research lowered shares of American Airlines Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $51.00 price target (up from $47.00) on shares of American Airlines Group in a report on Monday, October 2nd. Finally, BidaskClub lowered shares of American Airlines Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. American Airlines Group has a consensus rating of “Buy” and a consensus price target of $59.83.

Shares of American Airlines Group Inc (NASDAQ AAL) opened at $51.06 on Monday. The firm has a market cap of $24,432.16, a price-to-earnings ratio of 10.48 and a beta of 0.99. American Airlines Group Inc has a fifty-two week low of $39.21 and a fifty-two week high of $54.48. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.02. The company 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%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $2.80 EPS. equities analysts anticipate that American Airlines Group Inc will post 4.63 earnings per share for the current year.

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

In other American Airlines Group news, Director Alberto Ibarguen sold 4,229 shares of the firm’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by company insiders.

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American Airlines Group Company 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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