American Airlines Group Target of Unusually High Options Trading (AAL)
American Airlines Group, Inc. (NASDAQ:AAL) was the recipient of some unusual options trading on Wednesday. Investors acquired 1,841 put options on the stock. This represents an increase of approximately 221% compared to the average daily volume of 574 put options.
In related news, EVP Maya Leibman sold 10,000 shares of American Airlines Group stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $47.97, for a total value of $479,700.00. Following the completion of the transaction, the executive vice president now owns 161,476 shares in the company, valued at approximately $7,746,003.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ray M. Robinson sold 3,476 shares of the business’s stock in a transaction that occurred 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 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. 0.64% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Hennessy Advisors Inc. boosted its position in shares of American Airlines Group by 3.9% in the third quarter. Hennessy Advisors Inc. now owns 44,900 shares of the airline’s stock valued at $2,132,000 after acquiring an additional 1,700 shares during the period. Boston Partners bought a new stake in shares of American Airlines Group in the third quarter valued at about $113,633,000. Daiwa Securities Group Inc. boosted its position in shares of American Airlines Group by 215.9% in the third quarter. Daiwa Securities Group Inc. now owns 31,428 shares of the airline’s stock valued at $1,493,000 after acquiring an additional 21,478 shares during the period. Hodges Capital Management Inc. boosted its position in shares of American Airlines Group by 30.5% in the third quarter. Hodges Capital Management Inc. now owns 400,511 shares of the airline’s stock valued at $19,020,000 after acquiring an additional 93,498 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of American Airlines Group in the third quarter valued at about $239,000. 82.68% of the stock is owned by institutional investors.
AAL has been the subject of several research reports. BidaskClub upgraded American Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Sanford C. Bernstein reiterated a “market perform” rating and set a $52.00 price objective on shares of American Airlines Group in a research note on Thursday, July 13th. Cowen and Company boosted their price objective on American Airlines Group from $55.00 to $56.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 10th. Imperial Capital reiterated an “in-line” rating and set a $49.00 price objective (up from $43.00) on shares of American Airlines Group in a research note on Sunday, July 23rd. Finally, Citigroup Inc boosted their price objective on American Airlines Group from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $58.47.
American Airlines Group (AAL) opened at $47.45 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63. The firm has a market capitalization of $22.66 billion, a price-to-earnings ratio of 9.72 and a beta of 0.97.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.02. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The firm had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.88 billion. During the same period in the previous year, the business posted $2.80 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. research analysts forecast that American Airlines Group will post 4.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. American Airlines Group’s dividend payout ratio (DPR) is 10.18%.
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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