Commonwealth Equity Services Inc lifted its position in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 4.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 61,270 shares of the airline’s stock after buying an additional 2,881 shares during the period. Commonwealth Equity Services Inc’s holdings in American Airlines Group were worth $2,909,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AAL. MCF Advisors LLC acquired a new stake in shares of American Airlines Group in the second quarter worth $106,000. Westside Investment Management Inc. increased its position in shares of American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after acquiring an additional 72 shares in the last quarter. First Manhattan Co. increased its position in shares of American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after acquiring an additional 75 shares in the last quarter. WFG Advisors LP increased its position in shares of American Airlines Group by 28.1% in the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock worth $119,000 after acquiring an additional 519 shares in the last quarter. Finally, Exane Derivatives increased its position in shares of American Airlines Group by 416.3% in the third quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock worth $123,000 after acquiring an additional 2,090 shares in the last quarter. 82.96% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating on shares of American Airlines Group in a research report on Monday, November 13th. Zacks Investment Research raised shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a research report on Monday, November 13th. BidaskClub lowered shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Friday, November 10th. J P Morgan Chase & Co raised 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 report on Wednesday, November 1st. Finally, Buckingham Research reaffirmed a “buy” rating on shares of American Airlines Group in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $58.47.

COPYRIGHT VIOLATION NOTICE: This news story was published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/american-airlines-group-inc-aal-position-boosted-by-commonwealth-equity-services-inc/1719670.html.

American Airlines Group, Inc. (NASDAQ:AAL) opened at $48.65 on Wednesday. The company has a debt-to-equity ratio of 5.63, a current ratio of 0.65 and a quick ratio of 0.57. American Airlines Group, Inc. has a 52-week low of $39.21 and a 52-week high of $54.48. The stock has a market cap of $22,819.62, a PE ratio of 9.79 and a beta of 0.97.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.02. The company had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $2.80 EPS. research analysts anticipate 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 will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be given a $0.10 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.40 annualized dividend and a yield of 0.82%. American Airlines Group’s dividend payout ratio is presently 10.18%.

In other American Airlines Group news, Director Alberto Ibarguen sold 4,229 shares of the business’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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ray M. Robinson sold 3,476 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $46.76, for a total transaction of $162,537.76. Following the sale, the director now owns 29,938 shares in the company, valued at $1,399,900.88. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

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)

Receive News & Ratings for American Airlines Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.