D.A. Davidson & CO. lowered its position in shares of American Airlines Group Inc (NASDAQ:AAL) by 12.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,395 shares of the airline’s stock after selling 1,327 shares during the quarter. D.A. Davidson & CO.’s holdings in American Airlines Group were worth $388,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AAL. Korea Investment CORP boosted its position in shares of American Airlines Group by 166.4% during the third quarter. Korea Investment CORP now owns 34,900 shares of the airline’s stock worth $1,442,000 after buying an additional 21,800 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of American Airlines Group by 116.3% during the third quarter. Canada Pension Plan Investment Board now owns 201,410 shares of the airline’s stock worth $8,324,000 after buying an additional 108,300 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of American Airlines Group by 35.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 6,843 shares of the airline’s stock worth $295,000 after buying an additional 1,786 shares during the period. CIBC World Markets Inc. boosted its position in shares of American Airlines Group by 70.4% during the third quarter. CIBC World Markets Inc. now owns 59,336 shares of the airline’s stock worth $2,452,000 after buying an additional 24,511 shares during the period. Finally, Rafferty Asset Management LLC boosted its position in shares of American Airlines Group by 11.0% during the third quarter. Rafferty Asset Management LLC now owns 47,640 shares of the airline’s stock worth $1,969,000 after buying an additional 4,724 shares during the period. 81.16% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ AAL opened at $36.69 on Thursday. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 1.06 and a beta of 1.15. American Airlines Group Inc has a 1 year low of $30.24 and a 1 year high of $59.08.

American Airlines Group (NASDAQ:AAL) last announced its quarterly 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. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $11.55 billion. American Airlines Group had a return on equity of 568.86% and a net margin of 3.06%. As a group, sell-side analysts predict that American Airlines Group Inc will post 4.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Monday, November 5th. American Airlines Group’s dividend payout ratio (DPR) is 8.20%.

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

Several research analysts have recently commented on AAL shares. Zacks Investment Research upgraded American Airlines Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 11th. BidaskClub upgraded American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 12th. ValuEngine upgraded American Airlines Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Imperial Capital lifted their target price on American Airlines Group from $52.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, September 27th. Finally, Morgan Stanley set a $39.00 target price on American Airlines Group and gave the company a “hold” rating in a report on Friday, October 5th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.53.

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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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