American Airlines Group Inc (AAL) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in American Airlines Group Inc (NASDAQ:AAL) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 737,691 shares of the airline’s stock after selling 73,851 shares during the period. California State Teachers Retirement System owned 0.15% of American Airlines Group worth $35,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AAL. Beach Investment Management LLC. lifted its stake in shares of American Airlines Group by 951.9% in the 2nd quarter. Beach Investment Management LLC. now owns 175,777 shares of the airline’s stock worth $8,845,000 after acquiring an additional 159,067 shares during the period. Global X Management Co. LLC lifted its stake in shares of American Airlines Group by 65.4% in the 2nd quarter. Global X Management Co. LLC now owns 5,834 shares of the airline’s stock worth $294,000 after acquiring an additional 2,306 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of American Airlines Group by 12,631.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 12,095 shares of the airline’s stock worth $609,000 after acquiring an additional 12,000 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of American Airlines Group by 4.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,608,718 shares of the airline’s stock worth $80,951,000 after acquiring an additional 72,210 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of American Airlines Group by 42.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,106 shares of the airline’s stock worth $2,219,000 after purchasing an additional 13,165 shares in the last quarter. 81.29% of the stock is owned by institutional investors.

A number of research firms recently commented on AAL. Morgan Stanley reiterated an “equal weight” rating and issued a $51.00 target price (up from $47.00) on shares of American Airlines Group in a report on Monday, October 2nd. Cowen reiterated an “outperform” rating and issued a $55.00 target price on shares of American Airlines Group in a report on Tuesday, September 26th. 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. Zacks Investment Research downgraded shares of American Airlines Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 2nd. Finally, Vetr upgraded shares of American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $51.52 target price on the stock in a report on Monday, August 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $59.83.

Shares of American Airlines Group Inc (NASDAQ AAL) opened at $51.06 on Friday. American Airlines Group Inc has a 1-year low of $39.21 and a 1-year high of $54.48. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63. The stock has a market cap of $24,432.16, a P/E ratio of 10.48 and a beta of 0.99.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.88 billion. During the same quarter in the previous year, the business earned $2.80 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. analysts forecast that American Airlines Group Inc will post 4.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.40 annualized dividend and a yield of 0.78%. American Airlines Group’s dividend payout ratio is presently 10.18%.

In other American Airlines Group news, Director Alberto Ibarguen sold 4,229 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $47.60, for a total value of $201,300.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.64% of the stock is currently owned by corporate insiders.

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American Airlines Group Company 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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