Investors Sell Shares of American Airlines Group (AAL) on Strength (AAL)

Traders sold shares of American Airlines Group Inc (NASDAQ:AAL) on strength during trading on Monday. $45.89 million flowed into the stock on the tick-up and $71.85 million flowed out of the stock on the tick-down, for a money net flow of $25.96 million out of the stock. Of all stocks tracked, American Airlines Group had the 26th highest net out-flow for the day. American Airlines Group traded up $0.93 for the day and closed at $49.93

A number of equities research analysts have issued reports on AAL shares. J P Morgan Chase & Co raised American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price target for the company in a research report on Wednesday, November 1st. Morgan Stanley reissued an “equal weight” rating and set a $52.00 price target (down previously from $54.00) on shares of American Airlines Group in a research report on Thursday, August 17th. Macquarie started coverage on American Airlines Group in a research report on Monday, September 25th. They set a “neutral” rating and a $47.00 price target for the company. Raymond James Financial raised American Airlines Group from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research report on Wednesday, September 20th. Finally, BidaskClub raised American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $58.47.

The firm has a market capitalization of $23,890.00, a P/E ratio of 10.06 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63.

American Airlines Group (NASDAQ:AAL) last issued 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. The company had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.88 billion. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.80 earnings per share. equities analysts forecast that American Airlines Group Inc will post 4.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, November 10th. American Airlines Group’s dividend payout ratio is presently 10.18%.

In related news, Director Ray M. Robinson sold 3,476 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the transaction, the director now owns 29,938 shares in the company, valued at $1,399,900.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alberto Ibarguen sold 4,229 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $47.60, for a total value of $201,300.40. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Wetherby Asset Management Inc. lifted its stake in shares of American Airlines Group by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 4,969 shares of the airline’s stock worth $250,000 after acquiring an additional 47 shares in the last quarter. Westside Investment Management Inc. increased its holdings in American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after buying an additional 72 shares during the last quarter. First Manhattan Co. increased its holdings in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after buying an additional 75 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in American Airlines Group by 0.6% in the second quarter. Thrivent Financial For Lutherans now owns 21,507 shares of the airline’s stock valued at $1,090,000 after buying an additional 130 shares during the last quarter. Finally, Cadence Capital Management LLC increased its holdings in American Airlines Group by 0.7% in the second quarter. Cadence Capital Management LLC now owns 19,841 shares of the airline’s stock valued at $998,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 81.29% of the company’s stock.

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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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