HL Financial Services LLC raised its position in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 17,264 shares of the airline’s stock after buying an additional 398 shares during the period. HL Financial Services LLC’s holdings in American Airlines Group were worth $869,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. MCF Advisors LLC purchased a new stake in American Airlines Group during the second quarter valued at about $106,000. First Manhattan Co. boosted its stake in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after buying an additional 75 shares in the last quarter. D. Scott Neal Inc. purchased a new stake in American Airlines Group during the second quarter valued at about $120,000. Huntington National Bank boosted its stake in American Airlines Group by 71.9% in the second quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock valued at $132,000 after buying an additional 1,100 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in 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 valued at $149,000 after buying an additional 743 shares in the last quarter. Institutional investors own 81.51% of the company’s stock.

American Airlines Group, Inc. (NASDAQ AAL) opened at 48.35 on Friday. American Airlines Group, Inc. has a 12-month low of $33.90 and a 12-month high of $54.48. The company has a market cap of $23.55 billion, a price-to-earnings ratio of 12.00 and a beta of 0.96. The company’s 50 day moving average is $51.01 and its 200 day moving average is $46.88.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.05. The company had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. American Airlines Group’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 earnings per share. Analysts forecast that American Airlines Group, Inc. will post $5.12 earnings per share for the current fiscal year.

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, August 10th. American Airlines Group’s payout ratio is 9.88%.

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AAL has been the topic of several recent analyst reports. J P Morgan Chase & Co cut shares of American Airlines Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $59.00 to $52.00 in a research note on Thursday, April 27th. Barclays PLC reiterated a “hold” rating and issued a $58.00 target price on shares of American Airlines Group in a research note on Friday, April 28th. Buckingham Research reiterated a “buy” rating and issued a $70.00 target price (up from $68.00) on shares of American Airlines Group in a research note on Monday, July 31st. ValuEngine upgraded shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $52.00 target price on shares of American Airlines Group in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.57.

In other American Airlines Group news, EVP Elise R. Eberwein sold 50,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 312,368 shares in the company, valued at $15,727,728.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Elise R. Eberwein sold 33,400 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the transaction, the executive vice president now owns 362,368 shares in the company, valued at approximately $18,024,184.32. The disclosure for this sale can be found here. In 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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