Dupont Capital Management Corp Sells 10,000 Shares of American Airlines Group Inc (AAL)

Dupont Capital Management Corp reduced its stake in American Airlines Group Inc (NASDAQ:AAL) by 7.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 125,160 shares of the airline’s stock after selling 10,000 shares during the quarter. Dupont Capital Management Corp’s holdings in American Airlines Group were worth $5,173,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AAL. Lansdowne Partners UK LLP raised its holdings in American Airlines Group by 252.8% in the 2nd quarter. Lansdowne Partners UK LLP now owns 5,984,069 shares of the airline’s stock worth $227,147,000 after purchasing an additional 4,287,800 shares during the period. Millennium Management LLC raised its holdings in American Airlines Group by 999.2% during the second quarter. Millennium Management LLC now owns 1,811,194 shares of the airline’s stock valued at $68,753,000 after acquiring an additional 1,646,418 shares during the period. RWC Asset Management LLP raised its holdings in American Airlines Group by 40.1% during the third quarter. RWC Asset Management LLP now owns 2,341,296 shares of the airline’s stock valued at $96,766,000 after acquiring an additional 669,842 shares during the period. Frontier Capital Management Co. LLC raised its holdings in American Airlines Group by 160.9% during the third quarter. Frontier Capital Management Co. LLC now owns 1,002,733 shares of the airline’s stock valued at $41,443,000 after acquiring an additional 618,378 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in American Airlines Group by 186.2% during the third quarter. Russell Investments Group Ltd. now owns 839,807 shares of the airline’s stock valued at $34,725,000 after acquiring an additional 546,367 shares during the period. 82.41% of the stock is currently owned by institutional investors.

In other news, Director John T. Cahill bought 25,000 shares of American Airlines Group stock in a transaction dated Monday, October 29th. The shares were purchased at an average cost of $33.47 per share, with a total value of $836,750.00. Following the completion of the acquisition, the director now owns 6,531 shares of the company’s stock, valued at approximately $218,592.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Shares of AAL stock opened at $36.22 on Friday. American Airlines Group Inc has a 12-month low of $30.24 and a 12-month high of $59.08. The stock has a market capitalization of $17.03 billion, a PE ratio of 8.29, a PEG ratio of 1.08 and a beta of 1.12.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. American Airlines Group had a return on equity of 568.86% and a net margin of 3.06%. The firm had revenue of $11.56 billion for the quarter, compared to analysts’ expectations of $11.55 billion. On average, research analysts anticipate that American Airlines Group Inc will post 4.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th will be issued a $0.10 dividend. The ex-dividend date is Monday, November 5th. This represents a $0.40 annualized dividend and a dividend yield of 1.10%. American Airlines Group’s dividend payout ratio (DPR) is 8.20%.

A number of research firms have commented on AAL. BidaskClub raised American Airlines Group from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. ValuEngine raised American Airlines Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Imperial Capital raised their price target on American Airlines Group from $52.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, September 27th. Zacks Investment Research raised American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 11th. Finally, Macquarie raised American Airlines Group from a “neutral” rating to an “outperform” rating and set a $47.00 price target on the stock in a report on Monday, July 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. American Airlines Group presently has an average rating of “Buy” and a consensus price target of $50.71.

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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, 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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