American Airlines Group Target of Unusually High Options Trading (AAL)
American Airlines Group, Inc. (NASDAQ:AAL) was the target of some unusual options trading activity on Wednesday. Stock traders bought 1,841 put options on the stock. This represents an increase of 221% compared to the typical daily volume of 574 put options.
In related news, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $47.97, for a total value of $479,700.00. Following the transaction, the executive vice president now directly owns 161,476 shares in the company, valued at $7,746,003.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ray M. Robinson sold 3,476 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the transaction, the director now owns 29,938 shares in the company, valued at $1,399,900.88. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in American Airlines Group by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 30,304,361 shares of the airline’s stock valued at $1,524,915,000 after buying an additional 93,279 shares during the last quarter. Carmignac Gestion raised its holdings in American Airlines Group by 0.3% in the 2nd quarter. Carmignac Gestion now owns 4,223,251 shares of the airline’s stock valued at $212,514,000 after buying an additional 13,700 shares during the last quarter. Brandywine Global Investment Management LLC raised its holdings in American Airlines Group by 1.8% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 3,705,246 shares of the airline’s stock valued at $186,448,000 after buying an additional 64,713 shares during the last quarter. LSV Asset Management raised its holdings in American Airlines Group by 8.7% in the 2nd quarter. LSV Asset Management now owns 3,424,746 shares of the airline’s stock valued at $172,333,000 after buying an additional 274,264 shares during the last quarter. Finally, Boston Partners bought a new position in American Airlines Group in the 3rd quarter valued at approximately $113,633,000. Institutional investors and hedge funds own 82.68% of the company’s stock.
A number of brokerages have issued reports on AAL. Sanford C. Bernstein reiterated a “hold” rating on shares of American Airlines Group in a research note on Monday, August 7th. BidaskClub downgraded shares of American Airlines Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Morgan Stanley reiterated an “equal weight” rating and set a $51.00 price objective (up from $47.00) on shares of American Airlines Group in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, 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 objective on the stock in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $58.47.
American Airlines Group (AAL) opened at $47.45 on Monday. The company has a market cap of $22,704.78, a PE ratio of 9.74 and a beta of 0.97. 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 has a fifty-two week low of $39.21 and a fifty-two week high of $54.48.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. The business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $2.80 EPS. equities research analysts forecast that American Airlines Group will post 4.7 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be issued a $0.10 dividend. The ex-dividend date of this dividend 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 presently 10.18%.
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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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