State of New Jersey Common Pension Fund D decreased its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 42.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 75,000 shares of the airline’s stock after selling 55,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in American Airlines Group were worth $3,774,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AAL. BlackRock Inc. raised its stake in shares of American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock valued at $1,210,114,000 after buying an additional 27,977,045 shares in the last quarter. FMR LLC raised its stake in shares of American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock valued at $1,134,705,000 after buying an additional 9,667,389 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of American Airlines Group by 3.4% in the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock valued at $1,977,349,000 after buying an additional 1,524,040 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of American Airlines Group by 4,841.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 943,900 shares of the airline’s stock valued at $39,927,000 after buying an additional 924,800 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of American Airlines Group by 34.3% in the first quarter. LSV Asset Management now owns 3,150,482 shares of the airline’s stock valued at $133,265,000 after buying an additional 804,745 shares in the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

American Airlines Group, Inc. (NASDAQ:AAL) opened at 48.52 on Wednesday. The company’s 50-day moving average price is $51.01 and its 200 day moving average price is $46.87. The company has a market cap of $23.63 billion, a PE ratio of 12.05 and a beta of 0.96. American Airlines Group, Inc. has a 52 week low of $33.90 and a 52 week high of $54.48.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.82%. American Airlines Group’s payout ratio is currently 9.88%.

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Several equities research analysts have weighed in on AAL shares. Vetr lowered American Airlines Group from a “buy” rating to a “hold” rating and set a $46.04 target price on the stock. in a research report on Wednesday, April 19th. Imperial Capital reaffirmed an “in-line” rating and issued a $46.00 target price on shares of American Airlines Group in a research report on Sunday, April 23rd. J P Morgan Chase & Co lowered American Airlines Group from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $59.00 to $52.00 in a research report on Thursday, April 27th. Deutsche Bank AG dropped their target price on American Airlines Group from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $58.00 target price on shares of American Airlines Group in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. American Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $53.57.

In other news, VP Derek J. Kerr sold 104,223 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the completion of the sale, the vice president now owns 591,195 shares in the company, valued at $29,559,750. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Maya Leibman sold 10,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $47.97, for a total value of $479,700.00. Following 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. In the last 90 days, insiders have sold 197,623 shares of company stock valued at $9,869,666. 0.69% of the stock is currently owned by corporate insiders.

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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