Today, Advisory Services Network LLC decides to keep it stake in American Airlines Group Inc. (AAL) to the level of $245,000

Today, Advisory Services Network LLC decides to keep it stake in American Airlines Group Inc. (AAL) to the level of $245,000

Advisory Services Network LLC increased its position in American Airlines Group Inc. (NASDAQ:AAL) by 20.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,685 shares of the airline’s stock after buying an additional 1,114 shares during the period. Advisory Services Network LLC’s holdings in American Airlines Group were worth $245,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama boosted its position in American Airlines Group by 39.3% in the second quarter. Retirement Systems of Alabama now owns 424,683 shares of the airline’s stock valued at $12,023,000 after buying an additional 119,870 shares during the period. BNP Paribas Arbitrage SA boosted its position in American Airlines Group by 47.7% in the third quarter. BNP Paribas Arbitrage SA now owns 331,189 shares of the airline’s stock valued at $12,125,000 after buying an additional 106,941 shares during the period. Deltec Asset Management LLC boosted its position in American Airlines Group by 2.1% in the second quarter. Deltec Asset Management LLC now owns 530,039 shares of the airline’s stock valued at $15,005,000 after buying an additional 10,720 shares during the period. Prudential Financial Inc. boosted its position in American Airlines Group by 4.2% in the second quarter. Prudential Financial Inc. now owns 817,516 shares of the airline’s stock valued at $23,143,000 after buying an additional 32,800 shares during the period. Finally, Amalgamated Bank boosted its position in American Airlines Group by 9.9% in the second quarter. Amalgamated Bank now owns 27,317 shares of the airline’s stock valued at $955,000 after buying an additional 2,457 shares during the period. 75.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Airlines Group Inc. (NASDAQ:AAL) traded up 1.04% during mid-day trading on Friday, reaching $46.82. The company’s stock had a trading volume of 2,426,632 shares. The firm has a market cap of $24.26 billion, a price-to-earnings ratio of 4.85 and a beta of 0.88. The firm has a 50 day moving average price of $41.37 and a 200 day moving average price of $35.75. American Airlines Group Inc. has a 52-week low of $24.85 and a 52-week high of $46.95.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 20th. The airline reported $2.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $1.23. The firm earned $10.60 billion during the quarter, compared to the consensus estimate of $5.43 billion. American Airlines Group had a return on equity of 95.17% and a net margin of 14.16%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $2.77 earnings per share. On average, equities analysts predict that American Airlines Group Inc. will post $5.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.85%. American Airlines Group’s dividend payout ratio is 4.30%.

Several equities research analysts recently commented on the company. Wolfe Research set a $46.00 price target on American Airlines Group and gave the company a “buy” rating in a research note on Friday, October 21st. Vetr cut American Airlines Group from a “hold” rating to a “sell” rating and set a $42.62 price target for the company. in a research note on Tuesday, November 15th. Imperial Capital reissued an “in-line” rating and issued a $43.00 price target (up previously from $40.00) on shares of American Airlines Group in a research note on Friday, October 21st. Cowen and Company reissued an “outperform” rating on shares of American Airlines Group in a research note on Thursday, August 11th. Finally, TheStreet raised American Airlines Group from a “hold” rating to a “buy” rating in a research note on Monday, October 31st. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $44.09.

In other news, EVP Beverly K. Goulet sold 5,000 shares of American Airlines Group stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the transaction, the executive vice president now directly owns 238,604 shares in the company, valued at approximately $11,018,732.72. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Wednesday, September 14th. The stock was sold at an average price of $36.34, for a total value of $363,400.00. Following the transaction, the executive vice president now owns 196,907 shares of the company’s stock, valued at $7,155,600.38. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.

About American Airlines Group

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

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