Neuberger Berman Group LLC reduced its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,631,771 shares of the airline’s stock after selling 68,624 shares during the period. Neuberger Berman Group LLC owned 0.75% of American Airlines Group worth $182,751,000 at the end of the most recent reporting period.

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

American Airlines Group, Inc. (NASDAQ AAL) opened at 45.25 on Monday. American Airlines Group, Inc. has a one year low of $33.90 and a one year high of $54.48. The stock has a market capitalization of $22.04 billion, a price-to-earnings ratio of 11.23 and a beta of 0.96. The company’s 50-day moving average is $49.92 and its 200 day moving average is $46.89.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $11.11 billion for the quarter, compared to analysts’ expectations of $11.08 billion. During the same period in the previous year, the company posted $1.77 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts expect that American Airlines Group, Inc. will post $5.09 EPS for the current 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 dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.88%. American Airlines Group’s payout ratio is currently 9.88%.

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Several analysts have issued reports on AAL shares. BidaskClub raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Vetr raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $53.62 price objective for the company in a research note on Tuesday, May 23rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $52.00 price objective on shares of American Airlines Group in a research note on Thursday, July 13th. Imperial Capital reissued an “in-line” rating and issued a $43.00 price objective on shares of American Airlines Group in a research note on Friday, May 19th. Finally, Bank of America Corporation raised their price objective on shares of American Airlines Group from $40.00 to $42.00 and gave the stock an “underperform” rating in a research note on Friday, June 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. American Airlines Group has an average rating of “Hold” and a consensus target price of $56.27.

In related news, EVP Elise R. Eberwein sold 50,000 shares of the company’s stock in a transaction 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 sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction on 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 sale, 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 have sold 197,623 shares of company stock worth $9,869,666. Corporate insiders own 0.69% 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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