Hennessy Advisors Inc. grew its position in American Airlines Group, Inc. (NASDAQ:AAL) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,900 shares of the airline’s stock after purchasing an additional 1,700 shares during the period. Hennessy Advisors Inc.’s holdings in American Airlines Group were worth $2,132,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AAL. Koch Industries Inc. purchased a new stake in American Airlines Group during the second quarter worth about $265,000. Virtu KCG Holdings LLC purchased a new stake in American Airlines Group during the second quarter worth about $322,000. State of Tennessee Treasury Department increased its holdings in American Airlines Group by 33.5% during the second quarter. State of Tennessee Treasury Department now owns 183,936 shares of the airline’s stock worth $9,256,000 after buying an additional 46,114 shares during the last quarter. Allen Investment Management LLC increased its holdings in American Airlines Group by 65.3% during the second quarter. Allen Investment Management LLC now owns 37,455 shares of the airline’s stock worth $1,885,000 after buying an additional 14,797 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in American Airlines Group during the second quarter worth about $3,259,000. Institutional investors own 82.91% of the company’s stock.

American Airlines Group, Inc. (NASDAQ AAL) traded up $0.05 during mid-day trading on Friday, hitting $45.82. 2,433,000 shares of the stock were exchanged, compared to its average volume of 4,581,784. The company has a debt-to-equity ratio of 5.63, a current ratio of 0.65 and a quick ratio of 0.57. American Airlines Group, Inc. has a one year low of $39.21 and a one year high of $54.48. The company has a market capitalization of $21,924.82, a price-to-earnings ratio of 9.41 and a beta of 0.97.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The company had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.88 billion. During the same period last year, the business earned $2.80 earnings per share. American Airlines Group’s revenue was up 2.7% compared to the same quarter last year. analysts anticipate that American Airlines Group, Inc. will post 4.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. American Airlines Group’s dividend payout ratio (DPR) is currently 10.18%.

In other news, Director Ray M. Robinson sold 3,476 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the transaction, the director now directly owns 29,938 shares in the company, valued at $1,399,900.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by company insiders.

A number of research firms recently issued reports on AAL. Morgan Stanley restated an “equal weight” rating and set a $54.00 price objective (up previously from $53.00) on shares of American Airlines Group in a report on Monday, July 17th. Imperial Capital restated an “in-line” rating and set a $49.00 price objective (up previously from $43.00) on shares of American Airlines Group in a report on Sunday, July 23rd. BidaskClub downgraded shares of American Airlines Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Sanford C. Bernstein restated a “hold” rating on shares of American Airlines Group in a report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $58.47.

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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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