Alberto Ibarguen Sells 4,229 Shares of American Airlines Group, Inc. (AAL) Stock
American Airlines Group, Inc. (NASDAQ:AAL) Director Alberto Ibarguen sold 4,229 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of American Airlines Group, Inc. (NASDAQ:AAL) traded up $0.30 during midday trading on Monday, hitting $47.69. 2,436,018 shares of the company traded hands, compared to its average volume of 6,101,127. The company has a debt-to-equity ratio of 5.63, a current ratio of 0.65 and a quick ratio of 0.57. American Airlines Group, Inc. has a 12-month low of $39.21 and a 12-month high of $54.48. The firm has a market capitalization of $22,700.00, a PE ratio of 9.73 and a beta of 0.97.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $10.88 billion. During the same period last year, the firm posted $2.80 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. research analysts forecast that American Airlines Group, Inc. will post 4.63 earnings per share for the current fiscal year.
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AAL has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of American Airlines Group in a research report on Monday, November 13th. Zacks Investment Research raised shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a research report on Monday, November 13th. BidaskClub downgraded shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Friday, November 10th. J P Morgan Chase & Co upgraded shares of American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price target for the company in a research note on Wednesday, November 1st. Finally, Buckingham Research reiterated a “buy” rating on shares of American Airlines Group in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $58.47.
A number of large investors have recently bought and sold shares of AAL. State of Alaska Department of Revenue purchased a new position in American Airlines Group during the 2nd quarter valued at about $207,000. Mn Services Vermogensbeheer B.V. increased its holdings in American Airlines Group by 498.7% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 20,530 shares of the airline’s stock valued at $1,033,000 after acquiring an additional 17,101 shares in the last quarter. Aperio Group LLC grew its holdings in shares of American Airlines Group by 17.5% during the second quarter. Aperio Group LLC now owns 131,487 shares of the airline’s stock worth $6,616,000 after buying an additional 19,590 shares in the last quarter. Sabal Trust CO purchased a new stake in shares of American Airlines Group during the second quarter worth about $201,000. Finally, Huntington National Bank grew its holdings in shares of American Airlines Group by 71.9% during the second quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock worth $132,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 82.96% of the company’s stock.
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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