Cambridge Investment Research Advisors Inc. grew its holdings in shares of American Airlines Group Inc (NASDAQ:AAL) by 14.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,307 shares of the airline’s stock after buying an additional 6,744 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in American Airlines Group were worth $1,693,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in American Airlines Group by 280.1% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 112,482 shares of the airline’s stock valued at $3,572,000 after buying an additional 82,886 shares during the last quarter. Elgethun Capital Management grew its stake in American Airlines Group by 27.2% in the 1st quarter. Elgethun Capital Management now owns 15,500 shares of the airline’s stock valued at $492,000 after buying an additional 3,319 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in American Airlines Group in the 1st quarter valued at about $1,461,000. Motley Fool Asset Management LLC acquired a new position in American Airlines Group in the 1st quarter valued at about $222,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in American Airlines Group by 4.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,365 shares of the airline’s stock valued at $742,000 after buying an additional 1,002 shares during the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:AAL opened at $27.23 on Monday. American Airlines Group Inc has a 12-month low of $27.10 and a 12-month high of $45.15. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 6.30 and a beta of 1.61.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Friday, April 26th. The airline reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. American Airlines Group had a net margin of 3.15% and a negative return on equity of 356.47%. The firm had revenue of $10.58 billion for the quarter, compared to analyst estimates of $10.61 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. Sell-side analysts expect that American Airlines Group Inc will post 5.12 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Tuesday, May 7th. American Airlines Group’s dividend payout ratio (DPR) is presently 8.79%.

A number of research analysts recently commented on the stock. BidaskClub lowered shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Friday, May 24th. Barclays decreased their price target on shares of American Airlines Group from $60.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, May 20th. Morgan Stanley lowered shares of American Airlines Group from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $40.00 to $26.00 in a research note on Monday, May 20th. Zacks Investment Research upgraded shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Imperial Capital restated an “in-line” rating and set a $41.00 target price (down previously from $43.00) on shares of American Airlines Group in a research report on Tuesday, April 30th. Three analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $43.31.

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American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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

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