Blue Edge Capital LLC decreased its holdings in shares of American Airlines Group Inc (NASDAQ:AAL) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,489 shares of the airline’s stock after selling 1,164 shares during the period. Blue Edge Capital LLC’s holdings in American Airlines Group were worth $1,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in AAL. Russell Investments Group Ltd. lifted its position in shares of American Airlines Group by 49.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 181,698 shares of the airline’s stock valued at $9,143,000 after buying an additional 60,211 shares in the last quarter. First Manhattan Co. raised its stake in American Airlines Group by 3.3% in the 2nd quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after purchasing an additional 75 shares during the last quarter. Beach Investment Management LLC. raised its stake in American Airlines Group by 951.9% in the 2nd quarter. Beach Investment Management LLC. now owns 175,777 shares of the airline’s stock valued at $8,845,000 after purchasing an additional 159,067 shares during the last quarter. Global X Management Co. LLC raised its stake in American Airlines Group by 65.4% in the 2nd quarter. Global X Management Co. LLC now owns 5,834 shares of the airline’s stock valued at $294,000 after purchasing an additional 2,306 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in American Airlines Group by 12,631.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 12,095 shares of the airline’s stock valued at $609,000 after purchasing an additional 12,000 shares during the last quarter. Hedge funds and other institutional investors own 81.29% of the company’s stock.

Shares of American Airlines Group Inc (NASDAQ AAL) opened at $51.02 on Monday. American Airlines Group Inc has a 52 week low of $39.21 and a 52 week high of $54.48. The stock has a market capitalization of $24,410.00, a price-to-earnings ratio of 10.48 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63.

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

The business also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, November 10th. American Airlines Group’s dividend payout ratio (DPR) is presently 10.18%.

Several research firms recently commented on AAL. Morgan Stanley reissued an “equal weight” rating on shares of American Airlines Group in a research note on Monday, November 13th. Zacks Investment Research raised American Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 13th. BidaskClub downgraded American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Friday, November 10th. J P Morgan Chase & Co raised American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price objective for the company in a research note on Wednesday, November 1st. Finally, Buckingham Research reissued a “buy” rating on shares of American Airlines Group in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $59.83.

In related news, Director Alberto Ibarguen sold 4,229 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray M. Robinson sold 3,476 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the sale, the director now directly owns 29,938 shares of the company’s stock, valued at $1,399,900.88. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.

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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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