American Airlines Group, Inc. (AAL) Stake Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its stake in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 22.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 765,272 shares of the airline’s stock after buying an additional 142,136 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.16% of American Airlines Group worth $38,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. grew its position in shares of American Airlines Group by 3.5% during the 2nd quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after buying an additional 72 shares during the period. Caxton Associates LP acquired a new stake in shares of American Airlines Group during the 2nd quarter worth approximately $392,000. BlueCrest Capital Management Ltd acquired a new stake in shares of American Airlines Group during the 2nd quarter worth approximately $3,202,000. Maverick Capital Ltd. grew its position in shares of American Airlines Group by 137.7% during the 2nd quarter. Maverick Capital Ltd. now owns 34,990 shares of the airline’s stock worth $1,761,000 after buying an additional 20,270 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of American Airlines Group by 145.6% during the 2nd quarter. Janus Henderson Group PLC now owns 45,427 shares of the airline’s stock worth $2,286,000 after buying an additional 26,929 shares during the period. 81.56% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on AAL shares. BidaskClub upgraded American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Thursday, September 14th. Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 target price (down from $54.00) on shares of American Airlines Group in a report on Thursday, August 17th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $52.00 target price on shares of American Airlines Group in a report on Thursday, July 13th. Buckingham Research reiterated a “buy” rating and issued a $70.00 target price (up from $68.00) on shares of American Airlines Group in a report on Monday, July 31st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 target price on shares of American Airlines Group in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $57.03.

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American Airlines Group (NASDAQ:AAL) last released its earnings results 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 return on equity of 83.58% and a net margin of 5.02%. The firm had revenue of $11.11 billion for the quarter, compared to analysts’ expectations of $11.08 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis.

In other news, Director Ray M. Robinson sold 3,476 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the sale, the director now directly owns 29,938 shares of the company’s stock, valued at $1,399,900.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Maya Leibman sold 10,000 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $47.97, for a total value of $479,700.00. Following the completion of the sale, the executive vice president now directly owns 161,476 shares in the company, valued at $7,746,003.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,476 shares of company stock worth $3,159,738. Insiders own 0.64% of the company’s stock.

American Airlines Group 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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