TIAA CREF Investment Management LLC Has $78.40 Million Position in American Airlines Group, Inc. (AAL)

TIAA CREF Investment Management LLC trimmed its position in American Airlines Group, Inc. (NASDAQ:AAL) by 12.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,558,016 shares of the airline’s stock after selling 211,483 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.32% of American Airlines Group worth $78,399,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings in American Airlines Group by 6.5% during the 1st quarter. Russell Investments Group Ltd. now owns 121,487 shares of the airline’s stock worth $5,139,000 after buying an additional 7,451 shares during the period. Swiss National Bank raised its holdings in American Airlines Group by 21.2% during the 1st quarter. Swiss National Bank now owns 459,100 shares of the airline’s stock worth $19,420,000 after buying an additional 80,400 shares during the period. UBS Asset Management Americas Inc. raised its holdings in American Airlines Group by 6.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 421,192 shares of the airline’s stock worth $17,816,000 after buying an additional 25,738 shares during the period. Karp Capital Management Corp acquired a new stake in American Airlines Group during the 1st quarter worth approximately $4,733,000. Finally, Holderness Investments Co. raised its holdings in American Airlines Group by 2.5% during the 1st quarter. Holderness Investments Co. now owns 6,112 shares of the airline’s stock worth $259,000 after buying an additional 151 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “TIAA CREF Investment Management LLC Has $78.40 Million Position in American Airlines Group, Inc. (AAL)” was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.truebluetribune.com/2017/09/17/tiaa-cref-investment-management-llc-has-78-40-million-position-in-american-airlines-group-inc-aal.html.

American Airlines Group, Inc. (AAL) opened at 46.00 on Friday. The company has a 50 day moving average of $46.92 and a 200 day moving average of $46.75. American Airlines Group, Inc. has a 1-year low of $33.90 and a 1-year high of $54.48. The company has a market capitalization of $22.40 billion, a PE ratio of 11.42 and a beta of 0.98.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.05. The business had revenue of $11.11 billion during the quarter, compared to analyst estimates of $11.08 billion. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. American Airlines Group’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 EPS. On average, analysts predict that American Airlines Group, Inc. will post $4.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Monday, August 14th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Thursday, August 10th. American Airlines Group’s payout ratio is currently 9.88%.

Several analysts have commented on the stock. Vetr upgraded shares of American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $53.62 target price on the stock in a report on Tuesday, May 23rd. Morgan Stanley restated an “equal weight” rating and set a $50.00 target price (up from $49.00) on shares of American Airlines Group in a report on Monday, July 10th. Atlantic Securities assumed coverage on shares of American Airlines Group in a report on Tuesday, June 20th. They set an “underweight” rating and a $56.00 target price on the stock. Citigroup Inc. restated a “buy” rating on shares of American Airlines Group in a report on Wednesday. Finally, Cowen and Company restated a “buy” rating and set a $57.00 target price on shares of American Airlines Group in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. American Airlines Group has a consensus rating of “Hold” and a consensus price target of $56.78.

In related news, Director Ray M. Robinson sold 3,476 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the sale, the director now directly owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Elise R. Eberwein sold 50,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total value of $2,517,500.00. Following the completion of the sale, the executive vice president now directly owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The disclosure for this sale can be found here. Insiders sold a total of 63,476 shares of company stock valued at $3,159,738 over the last three months. 0.64% of the stock is currently owned by insiders.

American Airlines Group Company Profile

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.

Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group, Inc. (NASDAQ:AAL).

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

Receive News & Ratings for American Airlines Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply