Ameriprise Financial Inc. lessened its position in American Airlines Group, Inc. (NASDAQ:AAL) by 8.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 347,858 shares of the airline’s stock after selling 30,535 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.07% of American Airlines Group worth $17,502,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in AAL. Wetherby Asset Management Inc. lifted its stake in American Airlines Group by 1.0% in the 2nd quarter. Wetherby Asset Management Inc. now owns 4,969 shares of the airline’s stock valued at $250,000 after acquiring an additional 47 shares in the last quarter. First Manhattan Co. boosted its position in American Airlines Group by 3.3% during the 2nd quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after acquiring an additional 75 shares during the last quarter. LS Investment Advisors LLC boosted its position in American Airlines Group by 0.5% during the 2nd quarter. LS Investment Advisors LLC now owns 21,283 shares of the airline’s stock worth $1,071,000 after acquiring an additional 97 shares during the last quarter. Cadence Capital Management LLC boosted its position in American Airlines Group by 0.7% during the 2nd quarter. Cadence Capital Management LLC now owns 19,841 shares of the airline’s stock worth $998,000 after acquiring an additional 140 shares during the last quarter. Finally, Trust Department MB Financial Bank N A boosted its position in American Airlines Group by 1.0% during the 2nd quarter. Trust Department MB Financial Bank N A now owns 15,022 shares of the airline’s stock worth $756,000 after acquiring an additional 143 shares during the last quarter. 81.56% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group, Inc. (NASDAQ:AAL) opened at 50.51 on Wednesday. The company has a market capitalization of $24.60 billion, a P/E ratio of 12.54 and a beta of 0.99. The stock’s 50 day moving average price is $45.90 and its 200 day moving average price is $47.04. American Airlines Group, Inc. has a 52 week low of $36.80 and a 52 week high of $54.48. American Airlines Group also was the recipient of some unusual options trading on Monday. Investors purchased 1,841 put options on the stock. This is an increase of 221% compared to the average daily volume of 574 put options.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.05. The company had revenue of $11.11 billion for the quarter, compared to analysts’ expectations of $11.08 billion. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.77 EPS. Analysts anticipate that American Airlines Group, Inc. will post $4.68 earnings per share for the current year.

Several equities analysts have recently weighed in on the stock. BidaskClub cut shares of American Airlines Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Citigroup Inc. boosted their price objective 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. Zacks Investment Research raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Wednesday, June 28th. Buckingham Research reissued a “buy” rating and issued a $70.00 price objective (up previously from $68.00) on shares of American Airlines Group in a research report on Monday, July 31st. Finally, Stifel Nicolaus restated a “buy” rating and set a $95.00 target price on shares of American Airlines Group in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $56.86.

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In related news, EVP Maya Leibman sold 10,000 shares of American Airlines Group stock in a transaction that occurred on Friday, August 11th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elise R. Eberwein sold 50,000 shares of American Airlines Group stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $50.35, for a total transaction of $2,517,500.00. Following the completion of the sale, the executive vice president now directly owns 312,368 shares in the company, valued at approximately $15,727,728.80. The disclosure for this sale can be found here. Insiders sold a total of 63,476 shares of company stock worth $3,159,738 over the last three months. 0.69% 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.

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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