Parametric Portfolio Associates LLC Purchases 96,090 Shares of American Airlines Group Inc (NASDAQ:AAL)

Parametric Portfolio Associates LLC increased its position in American Airlines Group Inc (NASDAQ:AAL) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,124,543 shares of the airline’s stock after buying an additional 96,090 shares during the period. Parametric Portfolio Associates LLC owned about 0.48% of American Airlines Group worth $69,281,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AAL. First Allied Advisory Services Inc. boosted its holdings in shares of American Airlines Group by 4.3% during the 1st quarter. First Allied Advisory Services Inc. now owns 12,582 shares of the airline’s stock valued at $404,000 after purchasing an additional 522 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of American Airlines Group by 7.7% during the 2nd quarter. Janus Henderson Group PLC now owns 27,590 shares of the airline’s stock valued at $900,000 after buying an additional 1,975 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of American Airlines Group by 27.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 23,341 shares of the airline’s stock valued at $741,000 after buying an additional 4,984 shares in the last quarter. Comerica Bank raised its position in shares of American Airlines Group by 2.4% during the 2nd quarter. Comerica Bank now owns 81,183 shares of the airline’s stock valued at $2,700,000 after buying an additional 1,939 shares in the last quarter. Finally, GAM Holding AG purchased a new stake in shares of American Airlines Group during the 1st quarter valued at about $202,000. 79.11% of the stock is owned by institutional investors.

AAL has been the topic of several recent research reports. BidaskClub upgraded shares of American Airlines Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Barclays reduced their price objective on shares of American Airlines Group from $60.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, May 20th. Morgan Stanley reduced their price objective on shares of American Airlines Group from $26.00 to $25.00 and set an “underweight” rating on the stock in a research report on Tuesday. Deutsche Bank set a $42.00 price objective on shares of American Airlines Group and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Macquarie lowered shares of American Airlines Group from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $43.00 to $34.00 in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.76.



In other American Airlines Group news, Director Ray M. Robinson sold 6,930 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $29.11, for a total value of $201,732.30. Following the completion of the sale, the director now directly owns 29,754 shares in the company, valued at $866,138.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Robert D. Isom, Jr. bought 2,500 shares of the stock in a transaction on Thursday, August 29th. The stock was purchased at an average price of $26.34 per share, with a total value of $65,850.00. Following the completion of the purchase, the president now owns 771,271 shares of the company’s stock, valued at $20,315,278.14. The disclosure for this purchase can be found here. 0.86% of the stock is currently owned by company insiders.

AAL stock traded up $0.08 during mid-day trading on Friday, reaching $30.02. The company had a trading volume of 260,905 shares, compared to its average volume of 7,093,622. The company has a market capitalization of $12.97 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 0.36 and a beta of 1.72. The firm has a 50 day moving average of $27.93 and a 200 day moving average of $31.33. American Airlines Group Inc has a 12 month low of $24.23 and a 12 month high of $43.89.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, July 25th. The airline reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.05. The business had revenue of $11.96 billion for the quarter, compared to the consensus estimate of $11.98 billion. American Airlines Group had a net margin of 3.35% and a negative return on equity of 588.10%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. Equities analysts anticipate that American Airlines Group Inc will post 4.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.33%. American Airlines Group’s dividend payout ratio is presently 8.79%.

About American Airlines Group

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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