BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $1.07 Million Holdings in American Airlines Group Inc (AAL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 28.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,960 shares of the airline’s stock after selling 10,086 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in American Airlines Group were worth $1,073,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Victory Capital Management Inc. raised its position in American Airlines Group by 11.1% during the second quarter. Victory Capital Management Inc. now owns 50,971 shares of the airline’s stock valued at $1,935,000 after acquiring an additional 5,103 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in American Airlines Group by 11.6% during the second quarter. Nomura Asset Management Co. Ltd. now owns 29,336 shares of the airline’s stock valued at $1,114,000 after acquiring an additional 3,051 shares in the last quarter. Toronto Dominion Bank raised its position in American Airlines Group by 15.4% during the second quarter. Toronto Dominion Bank now owns 238,111 shares of the airline’s stock valued at $9,037,000 after acquiring an additional 31,758 shares in the last quarter. Greenleaf Trust bought a new position in American Airlines Group during the second quarter valued at approximately $207,000. Finally, Canada Pension Plan Investment Board raised its position in American Airlines Group by 28.6% during the second quarter. Canada Pension Plan Investment Board now owns 93,110 shares of the airline’s stock valued at $3,534,000 after acquiring an additional 20,700 shares in the last quarter. 81.16% of the stock is owned by institutional investors.

In other American Airlines Group news, Director John T. Cahill purchased 25,000 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were purchased at an average price of $33.47 per share, for a total transaction of $836,750.00. Following the completion of the purchase, the director now directly owns 6,531 shares of the company’s stock, valued at $218,592.57. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey D. Benjamin purchased 15,000 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were acquired at an average price of $35.69 per share, for a total transaction of $535,350.00. Following the purchase, the director now directly owns 22,146 shares of the company’s stock, valued at $790,390.74. The disclosure for this purchase can be found here. Company insiders own 0.70% of the company’s stock.

Shares of American Airlines Group stock opened at $32.04 on Tuesday. The firm has a market capitalization of $14.93 billion, a PE ratio of 7.27, a P/E/G ratio of 0.93 and a beta of 1.14. American Airlines Group Inc has a 1 year low of $30.24 and a 1 year high of $59.08.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.01. The business had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $11.55 billion. American Airlines Group had a net margin of 3.06% and a return on equity of 568.86%. Research analysts expect that American Airlines Group Inc will post 4.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 5th. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. American Airlines Group’s payout ratio is 8.20%.

AAL has been the topic of several recent research reports. Imperial Capital raised their price objective on shares of American Airlines Group from $52.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, September 27th. JPMorgan Chase & Co. set a $53.00 price objective on shares of American Airlines Group and gave the company a “buy” rating in a research report on Monday, October 15th. BidaskClub raised shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 18th. Citigroup lifted their price target on shares of American Airlines Group from $53.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, November 29th. Finally, Cowen dropped their price target on shares of American Airlines Group from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. American Airlines Group currently has an average rating of “Buy” and a consensus price target of $49.06.

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American Airlines Group Company 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, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in 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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