Foundry Partners LLC boosted its position in American Airlines Group, Inc. (NASDAQ:AAL) by 52.8% during the second quarter, Holdings Channel reports. The institutional investor owned 271,760 shares of the airline’s stock after buying an additional 93,910 shares during the period. Foundry Partners LLC’s holdings in American Airlines Group were worth $13,675,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Wetherby Asset Management Inc. boosted its position in shares of American Airlines Group by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 4,969 shares of the airline’s stock worth $250,000 after buying an additional 47 shares in the last quarter. First Manhattan Co. boosted 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 in the last quarter. LS Investment Advisors LLC boosted its position in shares of American Airlines Group by 0.5% in the second quarter. LS Investment Advisors LLC now owns 21,283 shares of the airline’s stock worth $1,071,000 after buying an additional 97 shares in the last quarter. Trust Department MB Financial Bank N A boosted its position in shares of American Airlines Group by 1.0% in the second quarter. Trust Department MB Financial Bank N A now owns 15,022 shares of the airline’s stock worth $756,000 after buying an additional 143 shares in the last quarter. Finally, Holderness Investments Co. boosted its position in shares of American Airlines Group by 2.5% in the first quarter. Holderness Investments Co. now owns 6,112 shares of the airline’s stock worth $259,000 after buying an additional 151 shares in the last quarter. Institutional investors own 81.51% of the company’s stock.

Shares of American Airlines Group, Inc. (NASDAQ AAL) opened at 48.55 on Friday. American Airlines Group, Inc. has a 12 month low of $33.90 and a 12 month high of $54.48. 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 price is $51.03 and its 200 day moving average price is $46.87.

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 Thomson Reuters’ consensus estimate of $1.87 by $0.05. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The business had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. During the same period in the previous year, the company posted $1.77 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts expect that American Airlines Group, Inc. will post $5.12 EPS for the current year.

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

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A number of equities analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating on shares of American Airlines Group in a report on Friday, May 26th. Imperial Capital reiterated an “in-line” rating and issued a $43.00 target price on shares of American Airlines Group in a report on Friday, May 19th. Vetr cut American Airlines Group from a “buy” rating to a “hold” rating and set a $46.04 target price on the stock. in a report on Wednesday, April 19th. Cowen and Company reiterated an “outperform” rating on shares of American Airlines Group in a report on Friday, April 14th. Finally, J P Morgan Chase & Co cut American Airlines Group from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $59.00 to $52.00 in a report on Thursday, April 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $53.57.

In other news, EVP Elise R. Eberwein sold 50,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Elise R. Eberwein sold 33,400 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $49.74, for a total value of $1,661,316.00. Following the transaction, 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. Insiders sold 187,623 shares of company stock worth $9,389,966 over the last three months. Corporate insiders own 0.64% of the company’s stock.

About American Airlines Group

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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