Public Employees Retirement System of Ohio Sells 12,759 Shares of American Airlines Group Inc (NASDAQ:AAL)

Public Employees Retirement System of Ohio lessened its position in American Airlines Group Inc (NASDAQ:AAL) by 8.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 146,396 shares of the airline’s stock after selling 12,759 shares during the period. Public Employees Retirement System of Ohio’s holdings in American Airlines Group were worth $4,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AAL. Geode Capital Management LLC lifted its position in American Airlines Group by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 5,530,993 shares of the airline’s stock valued at $177,362,000 after purchasing an additional 366,191 shares during the period. Russell Investments Group Ltd. lifted its position in American Airlines Group by 22.3% during the second quarter. Russell Investments Group Ltd. now owns 1,478,883 shares of the airline’s stock valued at $48,139,000 after purchasing an additional 270,145 shares during the period. U S Global Investors Inc. lifted its position in American Airlines Group by 83.4% during the first quarter. U S Global Investors Inc. now owns 585,558 shares of the airline’s stock valued at $18,709,000 after purchasing an additional 266,256 shares during the period. State of New Jersey Common Pension Fund D lifted its position in American Airlines Group by 86.7% during the second quarter. State of New Jersey Common Pension Fund D now owns 560,000 shares of the airline’s stock valued at $18,262,000 after purchasing an additional 260,000 shares during the period. Finally, Packer & Co Ltd lifted its position in American Airlines Group by 50.4% during the second quarter. Packer & Co Ltd now owns 638,400 shares of the airline’s stock valued at $20,818,000 after purchasing an additional 214,000 shares during the period. Hedge funds and other institutional investors own 79.11% of the company’s stock.

Shares of NASDAQ AAL traded up $0.17 during midday trading on Friday, reaching $30.11. The stock had a trading volume of 1,678,439 shares, compared to its average volume of 7,093,622. The stock has a 50-day moving average of $27.93 and a 200-day moving average of $31.33. The company has a market capitalization of $12.97 billion, a price-to-earnings ratio of 6.62, a price-to-earnings-growth ratio of 0.36 and a beta of 1.72. 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 announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.05. The firm had revenue of $11.96 billion during the quarter, compared to analysts’ expectations 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 company posted $1.63 earnings per share. Sell-side analysts predict that American Airlines Group Inc will post 4.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a $0.10 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 8.79%.

In related news, President Robert D. Isom, Jr. bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was purchased at an average price of $26.34 per share, for a total transaction of $65,850.00. Following the completion of the transaction, the president now owns 771,271 shares in the company, valued at $20,315,278.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ray M. Robinson sold 6,930 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $29.11, for a total transaction of $201,732.30. Following the transaction, the director now owns 29,754 shares of the company’s stock, valued at approximately $866,138.94. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

A number of brokerages recently weighed in on AAL. Macquarie downgraded shares of American Airlines Group from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $43.00 to $34.00 in a research report on Monday, July 29th. ValuEngine cut shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Saturday, July 27th. Deutsche Bank set a $42.00 target price on shares of American Airlines Group and gave the company a “buy” rating in a report on Friday, July 26th. Berenberg Bank started coverage on shares of American Airlines Group in a report on Friday, September 6th. They set a “buy” rating and a $35.00 target price for the company. Finally, BidaskClub raised shares of American Airlines Group from a “sell” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $40.76.

American Airlines Group Profile

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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