Victory Capital Management Inc. raised its holdings in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 14.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,600 shares of the airline’s stock after purchasing an additional 4,422 shares during the period. Victory Capital Management Inc.’s holdings in American Airlines Group were worth $1,643,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AAL. Crossmark Global Holdings Inc. purchased a new stake in shares of American Airlines Group during the third quarter valued at $1,918,000. Corbenic Partners LLC grew its holdings in shares of American Airlines Group by 3.2% during the third quarter. Corbenic Partners LLC now owns 44,454 shares of the airline’s stock valued at $2,111,000 after buying an additional 1,398 shares during the last quarter. Aperio Group LLC grew its holdings in shares of American Airlines Group by 1.7% during the third quarter. Aperio Group LLC now owns 133,771 shares of the airline’s stock valued at $6,353,000 after buying an additional 2,284 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of American Airlines Group by 8.3% during the third quarter. First Trust Advisors LP now owns 806,872 shares of the airline’s stock valued at $38,318,000 after buying an additional 61,800 shares during the last quarter. Finally, Boston Advisors LLC grew its holdings in shares of American Airlines Group by 2.4% during the third quarter. Boston Advisors LLC now owns 378,570 shares of the airline’s stock valued at $17,978,000 after buying an additional 8,820 shares during the last quarter. 82.96% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on AAL shares. Morgan Stanley dropped their price objective on shares of American Airlines Group from $52.00 to $51.00 and set an “equal weight” rating on the stock in a report on Friday, September 1st. 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 objective on the stock in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Citigroup Inc. reissued a “buy” rating on shares of American Airlines Group in a report on Wednesday, September 13th. Finally, Barclays PLC raised shares of American Airlines Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $55.00 to $65.00 in a report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. American Airlines Group has an average rating of “Buy” and a consensus price target of $58.47.

In related news, Director Ray M. Robinson sold 3,476 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the transaction, the director now owns 29,938 shares in the company, valued at approximately $1,399,900.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alberto Ibarguen sold 4,229 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $47.60, for a total transaction of $201,300.40. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

Shares of American Airlines Group, Inc. (AAL) opened at $47.69 on Tuesday. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.57 and a current ratio of 0.65. American Airlines Group, Inc. has a 12 month low of $39.21 and a 12 month high of $54.48. The stock has a market cap of $22,700.00, a PE ratio of 9.73 and a beta of 0.97.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.02. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The business had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.88 billion. During the same period in the prior year, the company posted $2.80 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. research analysts predict that American Airlines Group, Inc. will post 4.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, November 10th. American Airlines Group’s payout ratio is currently 10.18%.

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American Airlines Group 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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