American Airlines Group, Inc. (AAL) Position Maintained by Barings LLC

Barings LLC held its position in American Airlines Group, Inc. (NASDAQ:AAL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,900 shares of the airline’s stock at the end of the 2nd quarter. Barings LLC’s holdings in American Airlines Group were worth $2,195,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Primecap Management Co. CA increased its stake in American Airlines Group by 3.4% in the 1st 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 during the last quarter. Vanguard Group Inc. increased its stake in American Airlines Group by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 30,304,361 shares of the airline’s stock valued at $1,524,915,000 after buying an additional 93,279 shares during the last quarter. BlackRock Inc. increased its stake in American Airlines Group by 4,435.0% in the 1st 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 during the last quarter. FMR LLC increased its stake in American Airlines Group by 56.3% in the 1st 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 during the last quarter. Finally, Geode Capital Management LLC increased its stake in American Airlines Group by 7.6% in the 1st 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 during the last quarter. Institutional investors own 81.56% of the company’s stock.

In other news, EVP Maya Leibman sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 161,476 shares of the company’s stock, valued at $7,746,003.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray M. Robinson sold 3,476 shares of the business’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 directly owns 29,938 shares of the company’s stock, valued at $1,399,900.88. The disclosure for this sale can be found here. Insiders have sold 63,476 shares of company stock valued at $3,159,738 over the last three months. 0.64% of the stock is owned by corporate insiders.

American Airlines Group, Inc. (NASDAQ AAL) opened at 51.30 on Friday. The company has a market capitalization of $24.98 billion, a P/E ratio of 12.74 and a beta of 0.99. American Airlines Group, Inc. has a 52-week low of $36.80 and a 52-week high of $54.48. The stock’s 50 day moving average is $46.17 and its 200-day moving average is $47.16.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. During the same period in the previous year, the company earned $1.77 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts predict that American Airlines Group, Inc. will post $4.65 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. BidaskClub upgraded shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 14th. Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 price objective (down previously from $54.00) on shares of American Airlines Group in a research note on Thursday, August 17th. Sanford C. Bernstein reiterated 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. Buckingham Research reiterated a “buy” rating and issued a $70.00 price objective (up previously from $68.00) on shares of American Airlines Group in a research note on Monday, July 31st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 price objective on shares of American Airlines Group in a research note on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. American Airlines Group currently has an average rating of “Buy” and a consensus price target of $56.97.

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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.

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

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