Partners Value Investments LP cut its stake in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 42.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,100 shares of the airline’s stock after selling 103,600 shares during the period. American Airlines Group comprises about 1.1% of Partners Value Investments LP’s investment portfolio, making the stock its 12th largest position. Partners Value Investments LP’s holdings in American Airlines Group were worth $7,100,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AAL. MCF Advisors LLC purchased a new position in American Airlines Group during the second quarter valued at about $106,000. D. Scott Neal Inc. purchased a new position in American Airlines Group during the second quarter valued at about $120,000. First Manhattan Co. raised its position 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 during the last quarter. Huntington National Bank raised its position 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 during the last quarter. Finally, Global X Management Co. LLC raised its position 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 during the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.

American Airlines Group, Inc. (NASDAQ AAL) traded up 1.27% during midday trading on Friday, hitting $45.31. 4,569,439 shares of the stock traded hands. American Airlines Group, Inc. has a 52 week low of $33.90 and a 52 week high of $54.48. The stock’s 50-day moving average price is $48.78 and its 200-day moving average price is $46.84. The stock has a market capitalization of $22.07 billion, a P/E ratio of 11.25 and a beta of 0.99. American Airlines Group also was the recipient of unusually large options trading activity on Thursday. Traders bought 24,519 call options on the stock. This is an increase of 186% compared to the typical volume of 8,583 call options.

American Airlines Group (NASDAQ:AAL) last posted 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 net margin of 5.02% and a return on equity of 83.58%. The firm had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. During the same period last year, the company posted $1.77 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts expect that American Airlines Group, Inc. will post $5.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were given a $0.10 dividend. The ex-dividend date was Thursday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.88%. American Airlines Group’s dividend payout ratio is 9.88%.

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Several research firms recently issued reports on AAL. Sanford C. Bernstein restated a “hold” rating on shares of American Airlines Group in a report on Monday, August 7th. Stifel Nicolaus restated a “buy” rating and issued a $95.00 target price on shares of American Airlines Group in a report on Tuesday, August 22nd. Zacks Investment Research lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Finally, Morgan Stanley dropped their target price on shares of American Airlines Group from $52.00 to $51.00 and set an “equal weight” rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $56.21.

In related news, EVP Maya Leibman sold 10,000 shares of American Airlines Group stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $47.97, for a total transaction of $479,700.00. Following the completion of the transaction, the executive vice president now directly owns 161,476 shares of the company’s stock, valued at approximately $7,746,003.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Elise R. Eberwein sold 50,000 shares of American Airlines Group stock in a transaction dated 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 directly owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The disclosure for this sale can be found here. Company 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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