Oppenheimer & Co. Inc. decreased its stake in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 11.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,715 shares of the airline’s stock after selling 14,676 shares during the period. Oppenheimer & Co. Inc.’s holdings in American Airlines Group were worth $5,722,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AAL. Teacher Retirement System of Texas boosted its position in shares of American Airlines Group by 9.2% in the first quarter. Teacher Retirement System of Texas now owns 323,344 shares of the airline’s stock valued at $13,677,000 after buying an additional 27,340 shares during the period. Beach Investment Counsel Inc. PA boosted its position in shares of American Airlines Group by 122.8% in the first quarter. Beach Investment Counsel Inc. PA now owns 174,197 shares of the airline’s stock valued at $7,369,000 after buying an additional 96,007 shares during the period. Gendell Jeffrey L boosted its position in shares of American Airlines Group by 47.7% in the first quarter. Gendell Jeffrey L now owns 1,033,753 shares of the airline’s stock valued at $43,728,000 after buying an additional 334,053 shares during the period. Great Lakes Advisors LLC boosted its position in shares of American Airlines Group by 519.7% in the first quarter. Great Lakes Advisors LLC now owns 55,422 shares of the airline’s stock valued at $2,344,000 after buying an additional 46,478 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of American Airlines Group by 53.4% in the first quarter. Toronto Dominion Bank now owns 131,949 shares of the airline’s stock valued at $5,580,000 after buying an additional 45,945 shares during the period. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Airlines Group, Inc. (NASDAQ AAL) opened at 45.31 on Friday. American Airlines Group, Inc. has a 12 month low of $33.90 and a 12 month high of $54.48. The firm has a market cap of $22.07 billion, a PE ratio of 11.25 and a beta of 0.99. The stock has a 50 day moving average price of $48.78 and a 200 day moving average price of $46.84. American Airlines Group also saw some unusual options trading activity on Thursday. Stock investors bought 24,519 call options on the stock. This represents an increase of approximately 186% compared to the typical volume of 8,583 call options.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating the consensus estimate of $1.87 by $0.05. The company had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 EPS. On average, equities research analysts expect that American Airlines Group, Inc. will post $5.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 14th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Thursday, August 10th. American Airlines Group’s payout ratio is 9.88%.

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Several equities analysts have recently issued reports on AAL shares. Zacks Investment Research upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Wednesday, June 28th. BidaskClub cut American Airlines Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Stifel Nicolaus reiterated a “buy” rating on shares of American Airlines Group in a research report on Friday, May 26th. Vetr cut American Airlines Group from a “strong-buy” rating to a “buy” rating and set a $53.62 price target on the stock. in a research report on Monday, May 29th. Finally, Citigroup Inc. lifted their price target on American Airlines Group from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.21.

In related news, EVP Elise R. Eberwein sold 50,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total value of $2,517,500.00. Following the completion of the sale, the executive vice president now owns 312,368 shares in the company, valued at approximately $15,727,728.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $47.97, for a total transaction of $479,700.00. Following the completion of the sale, the executive vice president now owns 161,476 shares of the company’s stock, valued at approximately $7,746,003.72. The disclosure for this sale can be found here. Insiders own 0.64% 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)

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