Advisor Partners LLC boosted its position in American Airlines Group, Inc. (NASDAQ:AAL) by 33.1% during the second quarter, Holdings Channel reports. The firm owned 8,143 shares of the airline’s stock after buying an additional 2,023 shares during the period. Advisor Partners LLC’s holdings in American Airlines Group were worth $410,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AAL. MCF Advisors LLC bought a new position in shares of American Airlines Group during the second quarter worth approximately $106,000. D. Scott Neal Inc. bought a new position in shares of American Airlines Group during the second quarter worth approximately $120,000. First Manhattan Co. raised its position in shares of American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after buying an additional 75 shares during the period. Huntington National Bank raised its position in shares of American Airlines Group by 71.9% in the second quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock worth $132,000 after buying an additional 1,100 shares during the period. Finally, Global X Management Co. LLC raised its position in shares of American Airlines Group by 26.7% in the first quarter. Global X Management Co. LLC now owns 3,528 shares of the airline’s stock worth $149,000 after buying an additional 743 shares during the period. 81.51% of the stock is currently owned by institutional investors.

American Airlines Group, Inc. (AAL) opened at 49.40 on Thursday. The stock’s 50 day moving average is $51.03 and its 200-day moving average is $46.85. The company has a market capitalization of $24.06 billion, a P/E ratio of 12.26 and a beta of 0.96. American Airlines Group, Inc. has a 1-year low of $33.90 and a 1-year high of $54.48. American Airlines Group also was the recipient of unusually large options trading activity on Monday. Investors acquired 1,841 put options on the stock. This is an increase of 221% compared to the average volume of 574 put options.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. During the same period in the prior year, the firm earned $1.77 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts expect that American Airlines Group, Inc. will post $5.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 14th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, August 10th. American Airlines Group’s payout ratio is currently 9.88%.

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A number of brokerages have recently commented on AAL. Morgan Stanley reaffirmed an “equal weight” rating and set a $54.00 target price (up from $53.00) on shares of American Airlines Group in a research report on Monday, July 17th. Citigroup Inc. raised their target price on shares of American Airlines Group from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $52.00 target price on shares of American Airlines Group in a research report on Thursday, July 13th. BidaskClub raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $49.00 target price (up from $43.00) on shares of American Airlines Group in a research report on Sunday, July 23rd. 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 has a consensus rating of “Hold” and a consensus price target of $53.57.

In related news, EVP Elise R. Eberwein sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total transaction of $2,517,500.00. Following the sale, the executive vice president now directly owns 312,368 shares of the company’s stock, valued at approximately $15,727,728.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Elise R. Eberwein sold 33,400 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the sale, the executive vice president now directly owns 362,368 shares in the company, valued at $18,024,184.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 187,623 shares of company stock worth $9,389,966. 0.64% of the stock is 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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