American Airlines Group Target of Unusually Large Options Trading (AAL)
American Airlines Group, Inc. (NASDAQ:AAL) saw some unusual options trading on Monday. Stock traders acquired 1,841 put options on the company. This is an increase of approximately 221% compared to the typical volume of 574 put options.
In other news, EVP Elise R. Eberwein sold 50,000 shares of the business’s stock in a transaction dated 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 owns 312,368 shares of the company’s stock, valued at approximately $15,727,728.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Derek J. Kerr sold 104,223 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $50.00, for a total value of $5,211,150.00. Following the completion of the sale, the vice president now directly owns 591,195 shares of the company’s stock, valued at approximately $29,559,750. The disclosure for this sale can be found here. In the last three months, insiders sold 187,623 shares of company stock valued at $9,389,966. 0.69% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its stake in American Airlines Group by 9.2% in the first quarter. Teacher Retirement System of Texas now owns 323,344 shares of the airline’s stock worth $13,677,000 after buying an additional 27,340 shares during the last quarter. Strs Ohio increased its stake in American Airlines Group by 23.0% in the first quarter. Strs Ohio now owns 454,865 shares of the airline’s stock worth $19,240,000 after buying an additional 85,000 shares during the last quarter. Beach Investment Counsel Inc. PA increased its stake in American Airlines Group by 122.8% in the first quarter. Beach Investment Counsel Inc. PA now owns 174,197 shares of the airline’s stock worth $7,369,000 after buying an additional 96,007 shares during the last quarter. Great Lakes Advisors LLC increased its stake in American Airlines Group by 519.7% in the first quarter. Great Lakes Advisors LLC now owns 55,422 shares of the airline’s stock worth $2,344,000 after buying an additional 46,478 shares during the last quarter. Finally, Gendell Jeffrey L increased its stake in American Airlines Group by 47.7% in the first quarter. Gendell Jeffrey L now owns 1,033,753 shares of the airline’s stock worth $43,728,000 after buying an additional 334,053 shares during the last quarter. Institutional investors own 81.51% of the company’s stock.
American Airlines Group (NASDAQ:AAL) opened at 49.40 on Thursday. American Airlines Group has a one year low of $33.74 and a one year high of $54.48. The company has a market capitalization of $24.06 billion, a PE ratio of 12.26 and a beta of 0.96. The company has a 50-day moving average price of $50.93 and a 200-day moving average price of $46.80.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, topping the 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 the consensus estimate of $11.08 billion. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 EPS. Analysts expect that American Airlines Group will post $5.13 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be issued a $0.10 dividend. The ex-dividend date is Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. American Airlines Group’s payout ratio is 9.88%.
AAL has been the subject of a number of recent analyst reports. Cowen and Company reaffirmed an “outperform” rating on shares of American Airlines Group in a research report on Friday, April 14th. Vetr lowered American Airlines Group from a “buy” rating to a “hold” rating and set a $46.04 target price for the company. in a research report on Wednesday, April 19th. Imperial Capital restated an “in-line” rating and issued a $46.00 price target on shares of American Airlines Group in a research note on Sunday, April 23rd. J P Morgan Chase & Co downgraded American Airlines Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $59.00 to $52.00 in a research note on Thursday, April 27th. Finally, Deutsche Bank AG cut their price target on American Airlines Group from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.57.
TRADEMARK VIOLATION WARNING: This news story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/08/10/american-airlines-group-target-of-unusually-large-options-trading-aal.html.
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.
Receive News & Ratings for American Airlines Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.