Stratos Wealth Partners LTD. decreased its stake in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 5,351 shares of the airline’s stock after selling 113 shares during the period. Stratos Wealth Partners LTD.’s holdings in American Airlines Group were worth $269,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sei Investments Co. raised its stake in American Airlines Group by 0.5% in the second quarter. Sei Investments Co. now owns 359,235 shares of the airline’s stock valued at $18,077,000 after buying an additional 1,905 shares during the last quarter. First Manhattan Co. raised its stake in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after buying an additional 75 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in American Airlines Group by 107.6% in the second quarter. Essex Investment Management Co. LLC now owns 52,308 shares of the airline’s stock valued at $2,632,000 after buying an additional 27,108 shares during the last quarter. River Wealth Advisors LLC raised its stake in American Airlines Group by 12.9% in the second quarter. River Wealth Advisors LLC now owns 20,009 shares of the airline’s stock valued at $1,007,000 after buying an additional 2,280 shares during the last quarter. Finally, Lee Danner & Bass Inc. raised its stake in American Airlines Group by 0.5% in the second quarter. Lee Danner & Bass Inc. now owns 36,794 shares of the airline’s stock valued at $1,851,000 after buying an additional 201 shares during the last quarter. Institutional investors and hedge funds own 81.51% of the company’s stock.

Shares of American Airlines Group, Inc. (NASDAQ AAL) opened at 48.55 on Friday. The stock has a market capitalization of $23.64 billion, a price-to-earnings ratio of 12.05 and a beta of 0.96. The stock’s 50 day moving average is $51.03 and its 200-day moving average is $46.87. American Airlines Group, Inc. has a 12-month low of $33.90 and a 12-month high of $54.48.

American Airlines Group (NASDAQ:AAL) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 EPS. On average, analysts expect that American Airlines Group, Inc. will post $5.13 earnings per share for the current year.

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

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Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Monday. Sanford C. Bernstein restated a “hold” rating on shares of American Airlines Group in a research report on Monday. Bank of America Corporation upped their price target on shares of American Airlines Group to $61.00 and gave the company a “neutral” rating in a research report on Tuesday, August 1st. J P Morgan Chase & Co upgraded shares of American Airlines Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $52.00 to $61.00 in a research report on Tuesday, August 1st. Finally, Buckingham Research restated a “buy” rating and set a $70.00 price target (up from $68.00) on shares of American Airlines Group in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $53.57.

In related news, EVP Elise R. Eberwein sold 33,400 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the transaction, the executive vice president now directly owns 362,368 shares in the company, valued at approximately $18,024,184.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Derek J. Kerr sold 104,223 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the transaction, the vice president now owns 591,195 shares in the company, valued at $29,559,750. The disclosure for this sale can be found here. Insiders have sold a total of 187,623 shares of company stock worth $9,389,966 over the last quarter. 0.64% of the stock is currently owned by 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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