PHH Investments Ltd. lowered its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 10.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,609 shares of the airline’s stock after selling 5,563 shares during the period. American Airlines Group makes up approximately 0.9% of PHH Investments Ltd.’s holdings, making the stock its 11th largest position. PHH Investments Ltd.’s holdings in American Airlines Group were worth $2,496,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAL. Capital Management Corp VA boosted its position in American Airlines Group by 4.6% in the first quarter. Capital Management Corp VA now owns 85,438 shares of the airline’s stock valued at $3,614,000 after buying an additional 3,770 shares in the last quarter. Strs Ohio boosted its position in American Airlines Group by 23.0% in the first quarter. Strs Ohio now owns 454,865 shares of the airline’s stock valued at $19,240,000 after buying an additional 85,000 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in American Airlines Group by 3.3% in the first quarter. Janney Montgomery Scott LLC now owns 23,284 shares of the airline’s stock valued at $985,000 after buying an additional 754 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in American Airlines Group by 333.1% in the first quarter. Glen Harbor Capital Management LLC now owns 47,256 shares of the airline’s stock valued at $1,999,000 after buying an additional 36,344 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in American Airlines Group by 12.3% in the first quarter. Sigma Planning Corp now owns 13,913 shares of the airline’s stock valued at $589,000 after buying an additional 1,523 shares in the last quarter. 81.22% of the stock is owned by hedge funds and other institutional investors.

Shares of American Airlines Group, Inc. (NASDAQ AAL) opened at 48.52 on Wednesday. American Airlines Group, Inc. has a 12 month low of $33.90 and a 12 month high of $54.48. The company’s 50-day moving average is $51.01 and its 200-day moving average is $46.87. The firm has a market cap of $23.63 billion, a price-to-earnings ratio of 12.05 and a beta of 0.96.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.05. The business 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%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $1.77 earnings per share. On average, equities research analysts forecast that American Airlines Group, Inc. will post $5.12 earnings per share for the current fiscal year.

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

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A number of research analysts have issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $54.00 target price (up from $53.00) on shares of American Airlines Group in a report on Monday, July 17th. Citigroup Inc. increased their target price on shares of American Airlines Group from $58.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $52.00 target price on shares of American Airlines Group in a report on Thursday, July 13th. BidaskClub raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $49.00 target price (up from $43.00) on shares of American Airlines Group in a report on Sunday, July 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. American Airlines Group currently has a consensus rating of “Hold” and a consensus price target of $53.57.

In other news, EVP Elise R. Eberwein sold 50,000 shares of American Airlines Group stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Maya Leibman sold 10,000 shares of American Airlines Group stock in a transaction that occurred on Friday, August 11th. The stock was 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 in the company, valued at $7,746,003.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 197,623 shares of company stock worth $9,869,666. 0.69% of the stock is currently owned by insiders.

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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