PHH Investments Ltd. reduced its stake in American Airlines Group Inc (NASDAQ:AAL) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,112 shares of the airline’s stock after selling 2,519 shares during the quarter. PHH Investments Ltd.’s holdings in American Airlines Group were worth $1,242,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AAL. Thrivent Financial for Lutherans increased its stake in American Airlines Group by 1.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,212 shares of the airline’s stock valued at $585,000 after purchasing an additional 321 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in American Airlines Group by 1.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 29,427 shares of the airline’s stock valued at $945,000 after purchasing an additional 329 shares during the last quarter. Accurate Investment Solutions Inc. increased its stake in American Airlines Group by 100.0% in the first quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in American Airlines Group by 1.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,804 shares of the airline’s stock valued at $915,000 after purchasing an additional 405 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in American Airlines Group by 0.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 59,641 shares of the airline’s stock valued at $1,915,000 after purchasing an additional 414 shares during the last quarter. Institutional investors and hedge funds own 80.53% of the company’s stock.

NASDAQ:AAL traded down $0.54 on Thursday, hitting $29.38. 15,552 shares of the stock were exchanged, compared to its average volume of 5,491,150. The firm has a market capitalization of $13.92 billion, a PE ratio of 6.46, a P/E/G ratio of 1.95 and a beta of 1.54. American Airlines Group Inc has a fifty-two week low of $28.81 and a fifty-two week high of $45.82.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Friday, April 26th. The airline reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The company had revenue of $10.58 billion during the quarter, compared to analyst estimates of $10.61 billion. American Airlines Group had a negative return on equity of 356.47% and a net margin of 3.15%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. As a group, research analysts predict that American Airlines Group Inc will post 5.12 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.40 annualized dividend and a yield of 1.36%. American Airlines Group’s dividend payout ratio is presently 8.79%.

AAL has been the subject of several analyst reports. Imperial Capital reiterated an “outperform” rating and issued a $43.00 target price (down from $46.00) on shares of American Airlines Group in a research note on Friday, March 15th. Citigroup dropped their target price on American Airlines Group from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, March 8th. Zacks Investment Research upgraded American Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 15th. BidaskClub lowered American Airlines Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Finally, Cowen reiterated an “outperform” rating and issued a $41.00 target price (down from $42.00) on shares of American Airlines Group in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. American Airlines Group presently has a consensus rating of “Hold” and a consensus target price of $43.31.

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American Airlines Group Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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

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