American Airlines Group, Inc. (NASDAQ:AAL) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in American Airlines Group, Inc. (NASDAQ:AAL) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 317,417 shares of the airline’s stock after selling 5,927 shares during the period. Teacher Retirement System of Texas’ holdings in American Airlines Group were worth $15,972,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AAL. Primecap Management Co. CA boosted its position in American Airlines Group by 3.4% in the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock valued at $1,977,349,000 after buying an additional 1,524,040 shares in the last quarter. BlackRock Inc. boosted its position in American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock valued at $1,210,114,000 after buying an additional 27,977,045 shares in the last quarter. FMR LLC boosted its position in American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock valued at $1,134,705,000 after buying an additional 9,667,389 shares in the last quarter. Geode Capital Management LLC boosted its position in American Airlines Group by 7.6% in the first quarter. Geode Capital Management LLC now owns 5,297,036 shares of the airline’s stock valued at $223,815,000 after buying an additional 375,764 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in American Airlines Group by 14.3% in the first quarter. Bank of New York Mellon Corp now owns 4,304,358 shares of the airline’s stock valued at $182,075,000 after buying an additional 539,307 shares in the last quarter. Hedge funds and other institutional investors own 81.51% of the company’s stock.

American Airlines Group, Inc. (NASDAQ AAL) opened at 48.35 on Friday. The stock has a 50 day moving average of $51.01 and a 200-day moving average of $46.88. American Airlines Group, Inc. has a 1-year low of $33.90 and a 1-year high of $54.48. The firm has a market capitalization of $23.55 billion, a P/E ratio of 12.00 and a beta of 0.96.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data 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 analyst estimates of $11.08 billion. During the same period last year, the business posted $1.77 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that American Airlines Group, Inc. will post $5.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. American Airlines Group’s payout ratio is 9.88%.

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Several research analysts have issued reports on the company. Sanford C. Bernstein reaffirmed a “hold” rating on shares of American Airlines Group in a report on Monday, August 7th. BidaskClub cut American Airlines Group from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Bank of America Corporation upped their price target on American Airlines Group to $61.00 and gave the company a “neutral” rating in a report on Tuesday, August 1st. Zacks Investment Research cut American Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, ValuEngine raised American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. American Airlines Group presently has a consensus rating of “Hold” and an average target price of $53.57.

In other American Airlines Group news, EVP Elise R. Eberwein sold 50,000 shares of American Airlines Group 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 in the company, valued at approximately $15,727,728.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elise R. Eberwein sold 33,400 shares of American Airlines Group stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the completion of the sale, the executive vice president now owns 362,368 shares in the company, valued at $18,024,184.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 187,623 shares of company stock worth $9,389,966. 0.64% of the stock is currently owned by company insiders.

American Airlines Group Company Profile

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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