State of Wisconsin Investment Board increased its holdings in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 197,023 shares of the airline’s stock after buying an additional 8,902 shares during the quarter. State of Wisconsin Investment Board’s holdings in American Airlines Group were worth $9,357,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. MCF Advisors LLC bought a new position in American Airlines Group in the second quarter valued at about $106,000. Westside Investment Management Inc. raised its position in American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after purchasing an additional 72 shares during the last quarter. 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 purchasing an additional 75 shares during the last quarter. WFG Advisors LP raised its position in American Airlines Group by 28.1% in the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after purchasing an additional 519 shares during the last quarter. Finally, Exane Derivatives raised its position in American Airlines Group by 416.3% in the third quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock valued at $123,000 after purchasing an additional 2,090 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

In related news, Director Ray M. Robinson sold 3,476 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the sale, the director now owns 29,938 shares of the company’s stock, valued at $1,399,900.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.64% of the company’s stock.

AAL has been the subject of several research reports. Imperial Capital reiterated an “in-line” rating and issued a $49.00 target price (up from $43.00) on shares of American Airlines Group in a research report on Sunday, July 23rd. BidaskClub downgraded American Airlines Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Cowen and Company upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $55.00 to $57.00 in a research report on Monday, July 31st. 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 report on Monday, July 31st. Finally, J P Morgan Chase & Co upgraded American Airlines Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $52.00 to $61.00 in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $58.47.

Shares of American Airlines Group, Inc. (AAL) opened at $47.68 on Friday. American Airlines Group, Inc. has a one year low of $39.21 and a one year high of $54.48. The company has a market capitalization of $22,580.37, a P/E ratio of 9.69 and a beta of 0.97. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.57 and a current ratio of 0.65.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, topping the consensus estimate of $1.40 by $0.02. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.88 billion. During the same quarter last year, the firm posted $2.80 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. analysts forecast that American Airlines Group, Inc. will post 4.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 10th. This represents a $0.40 annualized dividend and a yield of 0.84%. American Airlines Group’s dividend payout ratio is currently 10.18%.

TRADEMARK VIOLATION WARNING: This piece of content was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://theolympiareport.com/2017/11/17/american-airlines-group-inc-aal-position-increased-by-state-of-wisconsin-investment-board.html.

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.

Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group, Inc. (NASDAQ:AAL).

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

Receive News & Ratings for American Airlines Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.