Stock Traders Buy High Volume of American Airlines Group Put Options (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AALGet Free Report) was the recipient of some unusual options trading on Tuesday. Traders bought 202,607 put options on the stock. This is an increase of approximately 47% compared to the typical daily volume of 137,478 put options.

American Airlines Group Stock Performance

AAL stock opened at $10.56 on Wednesday. The stock has a market capitalization of $6.96 billion, a P/E ratio of 11.73, a PEG ratio of 1.23 and a beta of 1.39. American Airlines Group has a one year low of $8.50 and a one year high of $19.10. The company has a 50 day moving average price of $10.76 and a two-hundred day moving average price of $13.61.

American Airlines Group (NASDAQ:AALGet Free Report) last announced its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.10. American Airlines Group had a net margin of 1.26% and a negative return on equity of 26.59%. The company had revenue of $12.55 billion during the quarter, compared to analysts’ expectations of $12.71 billion. During the same period in the previous year, the company earned ($0.34) EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. Research analysts forecast that American Airlines Group will post 2.42 earnings per share for the current fiscal year.

Institutional Trading of American Airlines Group

Several institutional investors have recently made changes to their positions in AAL. Voloridge Investment Management LLC purchased a new stake in shares of American Airlines Group during the 4th quarter valued at $60,190,000. Primecap Management Co. CA grew its stake in shares of American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock valued at $1,049,734,000 after buying an additional 2,886,041 shares during the period. Nearwater Capital Markets Ltd purchased a new stake in shares of American Airlines Group during the 1st quarter valued at $29,012,000. Two Sigma Advisers LP purchased a new stake in shares of American Airlines Group during the 4th quarter valued at $42,693,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of American Airlines Group during the 4th quarter valued at $40,333,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AAL has been the topic of several recent analyst reports. Citigroup dropped their target price on American Airlines Group from $21.50 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Redburn Atlantic raised American Airlines Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. Wall Street Zen downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Raymond James Financial reduced their price objective on shares of American Airlines Group from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Finally, Redburn Partners upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.68.

Read Our Latest Research Report on American Airlines Group

American Airlines Group Company Profile

(Get Free Report)

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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