American Airlines Group Sees Unusually High Options Volume (AAL)
American Airlines Group, Inc. (NASDAQ:AAL) saw some unusual options trading on Monday. Investors bought 1,841 put options on the company. This represents an increase of 221% compared to the typical volume of 574 put options.
American Airlines Group (NASDAQ AAL) opened at 50.73 on Thursday. The company has a 50-day moving average of $45.96 and a 200 day moving average of $47.06. The company has a market cap of $24.71 billion, a PE ratio of 12.59 and a beta of 0.99. American Airlines Group has a 12 month low of $36.80 and a 12 month high of $54.48.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm had revenue of $11.11 billion during the quarter, compared to analyst estimates of $11.08 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. American Airlines Group’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that American Airlines Group will post $4.66 earnings per share for the current fiscal year.
In related news, EVP Elise R. Eberwein sold 50,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was 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 in the company, valued at $15,727,728.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ray M. Robinson sold 3,476 shares of the stock in a transaction on Thursday, September 14th. The shares were 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 owns 29,938 shares of the company’s stock, valued at $1,399,900.88. 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 quarter. 0.64% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. MPS Loria Financial Planners LLC purchased a new position in American Airlines Group during the second quarter worth about $167,000. Lord Abbett & CO. LLC boosted its stake in American Airlines Group by 257.0% during the second quarter. Lord Abbett & CO. LLC now owns 176,700 shares of the airline’s stock worth $8,892,000 after buying an additional 127,200 shares during the period. Sentry Investment Management LLC boosted its stake in American Airlines Group by 1.5% during the second quarter. Sentry Investment Management LLC now owns 115,440 shares of the airline’s stock worth $5,809,000 after buying an additional 1,671 shares during the period. WFG Advisors LP boosted its stake in American Airlines Group by 28.1% during the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock worth $119,000 after buying an additional 519 shares during the period. Finally, Toronto Dominion Bank boosted its stake in American Airlines Group by 23.0% during the second quarter. Toronto Dominion Bank now owns 162,363 shares of the airline’s stock worth $8,169,000 after buying an additional 30,414 shares during the period. 81.56% of the stock is owned by institutional investors.
A number of brokerages have weighed in on AAL. BidaskClub downgraded American Airlines Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Citigroup Inc. increased their price target on American Airlines Group from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Buckingham Research reiterated a “buy” rating and set a $70.00 price target (up from $68.00) on shares of American Airlines Group in a report on Monday, July 31st. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 price target on shares of American Airlines Group in a report on Tuesday, August 22nd. Finally, Cowen and Company reiterated a “buy” rating and set a $57.00 price target on shares of American Airlines Group in a report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $56.97.
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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.
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