LSV Asset Management Reduces Position in American Airlines Group Inc (AAL)

LSV Asset Management cut its position in shares of American Airlines Group Inc (NASDAQ:AAL) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,036,344 shares of the airline’s stock after selling 31,365 shares during the period. LSV Asset Management owned approximately 0.88% of American Airlines Group worth $166,822,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Lansdowne Partners UK LLP lifted its stake in shares of 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 valued at $227,147,000 after purchasing an additional 4,287,800 shares during the last quarter. RWC Asset Management LLP lifted its stake in shares of American Airlines Group by 40.1% in the 3rd quarter. RWC Asset Management LLP now owns 2,341,296 shares of the airline’s stock valued at $96,766,000 after purchasing an additional 669,842 shares during the last quarter. Morgan Stanley lifted its stake in shares of American Airlines Group by 32.2% in the 2nd quarter. Morgan Stanley now owns 1,954,583 shares of the airline’s stock valued at $74,196,000 after purchasing an additional 476,499 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of American Airlines Group by 27.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,880,558 shares of the airline’s stock valued at $71,389,000 after purchasing an additional 402,427 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of American Airlines Group by 999.2% in the 2nd quarter. Millennium Management LLC now owns 1,811,194 shares of the airline’s stock valued at $68,753,000 after purchasing an additional 1,646,418 shares during the last quarter. 82.43% of the stock is owned by institutional investors.

AAL has been the subject of several analyst reports. Buckingham Research lowered their price objective on American Airlines Group from $63.00 to $57.00 and set a “buy” rating for the company in a research note on Tuesday, July 17th. ValuEngine raised American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 19th. Imperial Capital raised their price target on American Airlines Group from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, July 27th. Macquarie raised American Airlines Group from a “neutral” rating to an “outperform” rating and set a $47.00 price target for the company in a research note on Monday, July 30th. Finally, Zacks Investment Research lowered American Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.27.

In other news, Director John T. Cahill acquired 25,000 shares of American Airlines Group stock in a transaction on Monday, October 29th. The shares were bought at an average cost of $33.47 per share, for a total transaction of $836,750.00. Following the acquisition, the director now directly owns 6,531 shares of the company’s stock, valued at approximately $218,592.57. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Shares of AAL stock opened at $37.78 on Wednesday. American Airlines Group Inc has a 52-week low of $30.24 and a 52-week high of $59.08. The company has a market cap of $16.98 billion, a P/E ratio of 7.74, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter, compared to analyst estimates of $11.55 billion. On average, analysts anticipate that American Airlines Group Inc will post 4.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, November 5th. This represents a $0.40 annualized dividend and a yield of 1.06%. American Airlines Group’s payout ratio is currently 8.20%.

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About American Airlines Group

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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