Great West Life Assurance Co. Can trimmed its stake in American Airlines Group Inc (NASDAQ:AAL) by 7.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,317 shares of the airline’s stock after selling 10,279 shares during the period. Great West Life Assurance Co. Can’s holdings in American Airlines Group were worth $6,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in AAL. Vanguard Group Inc. lifted its position in shares of American Airlines Group by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 30,304,361 shares of the airline’s stock worth $1,524,915,000 after purchasing an additional 93,279 shares during the period. Carmignac Gestion lifted its position in shares of American Airlines Group by 0.3% in the 2nd quarter. Carmignac Gestion now owns 4,223,251 shares of the airline’s stock worth $212,514,000 after purchasing an additional 13,700 shares during the period. Brandywine Global Investment Management LLC lifted its position in shares of American Airlines Group by 1.8% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 3,705,246 shares of the airline’s stock worth $186,448,000 after purchasing an additional 64,713 shares during the period. LSV Asset Management lifted its position in shares of American Airlines Group by 8.7% in the 2nd quarter. LSV Asset Management now owns 3,424,746 shares of the airline’s stock worth $172,333,000 after purchasing an additional 274,264 shares during the period. Finally, Boston Partners purchased a new stake in shares of American Airlines Group in the 3rd quarter worth approximately $113,633,000. 81.29% of the stock is owned by institutional investors.

American Airlines Group Inc (NASDAQ AAL) opened at $50.88 on Friday. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.57 and a current ratio of 0.65. The company has a market cap of $24,350.00, a P/E ratio of 10.16 and a beta of 0.99. American Airlines Group Inc has a 52 week low of $39.21 and a 52 week high of $54.48.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, topping the consensus estimate of $1.40 by $0.02. The firm had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. American Airlines Group’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.80 EPS. analysts forecast that American Airlines Group Inc will post 4.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. American Airlines Group’s dividend payout ratio (DPR) is presently 10.18%.

In other American Airlines Group news, Director Alberto Ibarguen sold 4,229 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ray M. Robinson sold 3,476 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction of $162,537.76. Following the transaction, the director now owns 29,938 shares in the company, valued at approximately $1,399,900.88. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

Several equities research analysts have recently weighed in on AAL shares. Morgan Stanley lowered their price target on shares of American Airlines Group from $52.00 to $51.00 and set an “equal weight” rating for the company in a research report on Friday, September 1st. J P Morgan Chase & Co raised shares of American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price target for the company in a research report on Wednesday, November 1st. Citigroup reaffirmed a “buy” rating on shares of American Airlines Group in a research report on Wednesday, September 13th. Barclays raised shares of American Airlines Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $55.00 to $65.00 in a research report on Friday, September 22nd. Finally, Buckingham Research reaffirmed a “buy” rating on shares of American Airlines Group in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. American Airlines Group presently has a consensus rating of “Buy” and an average target price of $58.47.

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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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