American Airlines Group, Inc. (AAL) Stake Reduced by Brave Asset Management Inc.

Brave Asset Management Inc. decreased its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 48.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,614 shares of the airline’s stock after selling 24,618 shares during the period. Brave Asset Management Inc.’s holdings in American Airlines Group were worth $1,339,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AAL. MCF Advisors LLC acquired a new stake in American Airlines Group during the second quarter valued at approximately $106,000. D. Scott Neal Inc. acquired a new stake in American Airlines Group during the second quarter valued at approximately $120,000. Huntington National Bank boosted its stake in American Airlines Group by 71.9% in the second quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock valued at $132,000 after buying an additional 1,100 shares in the last quarter. Global X Management Co. LLC boosted its stake in American Airlines Group by 26.7% in the first quarter. Global X Management Co. LLC now owns 3,528 shares of the airline’s stock valued at $149,000 after buying an additional 743 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in American Airlines Group by 101.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,163 shares of the airline’s stock valued at $176,000 after buying an additional 2,092 shares in the last quarter. 81.43% of the stock is owned by institutional investors and hedge funds.

American Airlines Group, Inc. (NASDAQ AAL) opened at 50.49 on Friday. The stock has a market cap of $24.87 billion, a PE ratio of 12.11 and a beta of 0.97. The company’s 50 day moving average price is $50.77 and its 200 day moving average price is $46.70. American Airlines Group, Inc. has a 12 month low of $33.00 and a 12 month high of $54.48.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.09. The company had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. American Airlines Group had a return on equity of 81.88% and a net margin of 5.47%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.77 EPS. Equities analysts forecast that American Airlines Group, Inc. will post $5.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 14th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. American Airlines Group’s payout ratio is currently 9.76%.

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AAL has been the subject of a number of research reports. Vetr raised American Airlines Group from a “hold” rating to a “buy” rating and set a $49.75 price objective for the company in a research note on Monday, April 24th. Deutsche Bank AG reduced their price objective on American Airlines Group from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Stifel Nicolaus reissued a “buy” rating on shares of American Airlines Group in a research note on Friday, May 26th. BidaskClub cut American Airlines Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Zacks Investment Research raised American Airlines Group from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. American Airlines Group has a consensus rating of “Hold” and a consensus target price of $50.10.

In related news, Director James F. Albaugh purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were bought at an average price of $43.85 per share, for a total transaction of $131,550.00. Following the purchase, the director now directly owns 14,737 shares of the company’s stock, valued at approximately $646,217.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maya Leibman sold 23,857 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $47.24, for a total value of $1,127,004.68. Following the completion of the sale, the executive vice president now owns 182,178 shares in the company, valued at approximately $8,606,088.72. The disclosure for this sale can be found here. Insiders sold a total of 161,480 shares of company stock worth $7,999,471 in the last 90 days. 0.64% of the stock is currently owned by company insiders.

About American Airlines Group

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.