American Airlines Group Sees Unusually Large Options Volume (AAL)
American Airlines Group, Inc. (NASDAQ:AAL) was the target of some unusual options trading activity on Monday. Traders purchased 1,841 put options on the stock. This is an increase of 221% compared to the average volume of 574 put options.
In other American Airlines Group news, 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 transaction of $2,517,500.00. Following the transaction, the executive vice president now directly owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $47.97, for a total transaction of $479,700.00. Following the transaction, the executive vice president now directly owns 161,476 shares in the company, valued at $7,746,003.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,476 shares of company stock worth $3,159,738. Insiders own 0.69% of the company’s stock.
Several hedge funds have recently made changes to their positions in AAL. Teacher Retirement System of Texas increased its position in American Airlines Group by 9.2% during the 1st quarter. Teacher Retirement System of Texas now owns 323,344 shares of the airline’s stock worth $13,677,000 after purchasing an additional 27,340 shares in the last quarter. State of Tennessee Treasury Department increased its position in American Airlines Group by 33.5% during the 2nd quarter. State of Tennessee Treasury Department now owns 183,936 shares of the airline’s stock worth $9,256,000 after purchasing an additional 46,114 shares in the last quarter. Allen Investment Management LLC increased its position in American Airlines Group by 65.3% during the 2nd quarter. Allen Investment Management LLC now owns 37,455 shares of the airline’s stock worth $1,885,000 after purchasing an additional 14,797 shares in the last quarter. Gendell Jeffrey L increased its position in American Airlines Group by 47.7% during the 1st quarter. Gendell Jeffrey L now owns 1,033,753 shares of the airline’s stock worth $43,728,000 after purchasing an additional 334,053 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its position in American Airlines Group by 519.7% during the 1st quarter. Great Lakes Advisors LLC now owns 55,422 shares of the airline’s stock worth $2,344,000 after purchasing an additional 46,478 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.
Several equities analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating on shares of American Airlines Group in a report on Friday, May 26th. BidaskClub raised shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Thursday, September 14th. Raymond James Financial, Inc. raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a report on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and set a $52.00 price objective (down from $54.00) on shares of American Airlines Group in a report on Thursday, August 17th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $52.00 price objective on shares of American Airlines Group in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. American Airlines Group currently has a consensus rating of “Buy” and an average price target of $56.85.
Shares of American Airlines Group (AAL) opened at 45.42 on Thursday. American Airlines Group has a 52-week low of $33.90 and a 52-week high of $54.48. The company’s 50-day moving average is $46.60 and its 200 day moving average is $46.73. The firm has a market capitalization of $22.12 billion, a PE ratio of 11.28 and a beta of 0.98.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.05. The business had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.77 EPS. Equities analysts expect that American Airlines Group will post $4.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.88%. American Airlines Group’s payout ratio is currently 9.88%.
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.
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