American Airlines Group, Inc. (AAL) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. cut its position in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 35,749 shares of the airline’s stock after selling 1,045 shares during the quarter. Lee Danner & Bass Inc.’s holdings in American Airlines Group were worth $1,698,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. MCF Advisors LLC acquired a new position in shares of American Airlines Group during the 2nd quarter valued at $106,000. Westside Investment Management Inc. increased 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 valued at $111,000 after purchasing an additional 72 shares during the period. WFG Advisors LP increased its position in shares of American Airlines Group by 28.1% during the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after purchasing an additional 519 shares during the period. D. Scott Neal Inc. acquired a new position in shares of American Airlines Group during the 2nd quarter valued at $120,000. Finally, First Manhattan Co. increased its position in shares of American Airlines Group by 3.3% during the 2nd quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after purchasing an additional 75 shares during the period. Institutional investors own 82.68% of the company’s stock.

A number of equities analysts recently issued reports on AAL shares. BidaskClub cut American Airlines Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Buckingham Research restated 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. Citigroup Inc. lifted their target price on American Airlines Group from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Stifel Nicolaus restated a “buy” rating and issued a $95.00 target price on shares of American Airlines Group in a report on Tuesday, August 22nd. Finally, Cowen and Company restated a “buy” rating and issued a $57.00 target price on shares of American Airlines Group in a report on Tuesday, September 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight 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 “Hold” and a consensus price target of $57.72.

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Shares of American Airlines Group, Inc. (NASDAQ:AAL) traded down 0.30% during mid-day trading on Tuesday, hitting $47.11. The company’s stock had a trading volume of 1,132,637 shares. American Airlines Group, Inc. has a 1-year low of $39.21 and a 1-year high of $54.48. The company has a 50-day moving average price of $49.08 and a 200-day moving average price of $48.29. The stock has a market cap of $22.94 billion, a PE ratio of 11.70 and a beta of 0.99.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.02. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.88 billion. During the same period in the prior year, the business posted $2.80 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts predict that American Airlines Group, Inc. will post $4.60 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be paid a $0.10 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.40 annualized dividend and a yield of 0.85%. American Airlines Group’s dividend payout ratio (DPR) is currently 10.18%.

In related news, EVP Elise R. Eberwein sold 50,000 shares of the firm’s stock in a transaction dated 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 completion of 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 is available at the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 161,476 shares of the company’s stock, valued at $7,746,003.72. The disclosure for this sale can be found here. Insiders sold a total of 63,476 shares of company stock valued at $3,159,738 over the last quarter. 0.69% of the stock is currently owned by company insiders.

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.

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

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