KBC Group NV Trims Holdings in American Airlines Group Inc (AAL)

KBC Group NV cut its stake in American Airlines Group Inc (NASDAQ:AAL) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 293,282 shares of the airline’s stock after selling 6,168 shares during the period. KBC Group NV owned approximately 0.06% of American Airlines Group worth $13,928,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of American Airlines Group during the 2nd quarter worth about $207,000. Russell Investments Group Ltd. lifted its holdings in shares of American Airlines Group by 49.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 181,698 shares of the airline’s stock worth $9,143,000 after acquiring an additional 60,211 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of American Airlines Group by 5.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 24,561 shares of the airline’s stock worth $1,236,000 after acquiring an additional 1,277 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of American Airlines Group by 1.5% during the 2nd quarter. CIBC Asset Management Inc now owns 66,825 shares of the airline’s stock worth $3,363,000 after acquiring an additional 956 shares during the period. Finally, River Wealth Advisors LLC lifted its holdings in shares of American Airlines Group by 12.9% during the 2nd quarter. River Wealth Advisors LLC now owns 20,009 shares of the airline’s stock worth $1,007,000 after acquiring an additional 2,280 shares during the period. 81.29% of the stock is owned by hedge funds and other institutional investors.

Shares of American Airlines Group Inc (NASDAQ:AAL) opened at $49.00 on Friday. The stock has a market cap of $24,159.42, a PE ratio of 10.37 and a beta of 0.99. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63. American Airlines Group Inc has a 1 year low of $39.21 and a 1 year high of $54.48.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.02. The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.88 billion. American Airlines Group had a net margin of 5.74% and a return on equity of 65.32%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $2.80 EPS. analysts expect that American Airlines Group Inc will post 4.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, November 10th. American Airlines Group’s dividend payout ratio (DPR) is currently 10.18%.

A number of equities analysts have recently commented on AAL shares. Sanford C. Bernstein reaffirmed a “hold” rating on shares of American Airlines Group in a report on Monday, August 7th. Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $52.00 price objective (down from $54.00) on shares of American Airlines Group in a report on Thursday, August 17th. Vetr raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $51.52 price objective for the company in a report on Monday, August 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price objective on shares of American Airlines Group in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. American Airlines Group currently has an average rating of “Buy” and an average price target of $58.47.

In related news, Director Ray M. Robinson sold 3,476 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the sale, the director now owns 29,938 shares in the company, valued at approximately $1,399,900.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alberto Ibarguen sold 4,229 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $47.60, for a total transaction of $201,300.40. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

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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.

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

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