Elgethun Capital Management boosted its holdings in shares of American Airlines Group Inc (NASDAQ:AAL) by 25.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,589 shares of the airline’s stock after purchasing an additional 3,741 shares during the quarter. Elgethun Capital Management’s holdings in American Airlines Group were worth $766,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Truvestments Capital LLC bought a new stake in American Airlines Group during the 3rd quarter valued at approximately $115,000. Stratos Wealth Partners LTD. bought a new stake in shares of American Airlines Group in the 3rd quarter worth approximately $117,000. Trilogy Capital Inc. lifted its position in shares of American Airlines Group by 10,137.5% in the 2nd quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock worth $155,000 after acquiring an additional 4,055 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of American Airlines Group by 102.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,872 shares of the airline’s stock worth $201,000 after acquiring an additional 2,461 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of American Airlines Group in the 2nd quarter worth approximately $185,000. Hedge funds and other institutional investors own 81.16% of the company’s stock.

In other American Airlines Group news, Director Jeffrey D. Benjamin purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average cost of $35.69 per share, with a total value of $535,350.00. Following the acquisition, the director now directly owns 22,146 shares of the company’s stock, valued at approximately $790,390.74. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John T. Cahill purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The shares were acquired at an average cost of $33.47 per share, with a total value of $836,750.00. Following the completion of the acquisition, the director now directly owns 6,531 shares in the company, valued at $218,592.57. The disclosure for this purchase can be found here. Corporate insiders own 0.70% of the company’s stock.

A number of analysts have commented on the company. Zacks Investment Research reiterated a “hold” rating on shares of American Airlines Group in a research report on Monday, November 12th. Imperial Capital reduced their price objective on American Airlines Group from $56.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, October 10th. They noted that the move was a valuation call. ValuEngine upgraded American Airlines Group from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup assumed coverage on American Airlines Group in a research report on Wednesday, November 28th. They issued a “positive” rating and a $47.00 price objective for the company. Finally, BidaskClub downgraded American Airlines Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. American Airlines Group currently has a consensus rating of “Buy” and a consensus price target of $50.53.

Shares of AAL opened at $36.69 on Wednesday. American Airlines Group Inc has a 1 year low of $30.24 and a 1 year high of $59.08. The company has a market capitalization of $18.50 billion, a PE ratio of 7.52, a P/E/G ratio of 1.15 and a beta of 1.15.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. American Airlines Group had a return on equity of 568.86% and a net margin of 3.06%. The business had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $11.55 billion. Research analysts predict that American Airlines Group Inc will post 4.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th were issued a $0.10 dividend. The ex-dividend date was Monday, November 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.09%. American Airlines Group’s payout ratio is presently 8.20%.

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American Airlines Group Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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

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