Traders Sell American Airlines Group, Inc. (AAL) on Strength (AAL)

Investors sold shares of American Airlines Group, Inc. (NASDAQ:AAL) on strength during trading on Wednesday. $39.30 million flowed into the stock on the tick-up and $59.29 million flowed out of the stock on the tick-down, for a money net flow of $19.99 million out of the stock. Of all stocks tracked, American Airlines Group had the 0th highest net out-flow for the day. American Airlines Group traded up $1.38 for the day and closed at $47.19

AAL has been the topic of several recent research reports. Imperial Capital reiterated an “in-line” rating and issued a $49.00 price objective (up from $43.00) on shares of American Airlines Group in a research report on Sunday, July 23rd. BidaskClub downgraded shares of American Airlines Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Cowen and Company upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $55.00 to $57.00 in a research report on Monday, July 31st. Buckingham Research reiterated a “buy” rating and issued a $70.00 price objective (up from $68.00) on shares of American Airlines Group in a research report on Monday, July 31st. Finally, J P Morgan Chase & Co upgraded shares of American Airlines Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $52.00 to $61.00 in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. American Airlines Group has a consensus rating of “Buy” and a consensus price target of $58.47.

The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63. The company has a market capitalization of $22,650.00, a price-to-earnings ratio of 9.69 and a beta of 0.97.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.88 billion. During the same period in the previous year, the firm earned $2.80 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. analysts forecast that American Airlines Group, Inc. will post 4.64 earnings per share for the current fiscal year.

The firm also recently announced 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 dividend yield of 0.84%. American Airlines Group’s payout ratio is currently 10.18%.

In other news, Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $46.76, for a total value of $162,537.76. Following the transaction, the director now directly owns 29,938 shares of the company’s stock, valued at $1,399,900.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.64% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in AAL. Vanguard Group Inc. lifted its stake in American Airlines Group by 0.3% in the second quarter. Vanguard Group Inc. now owns 30,304,361 shares of the airline’s stock valued at $1,524,915,000 after acquiring an additional 93,279 shares during the last quarter. Carmignac Gestion lifted its stake in American Airlines Group by 0.3% in the second quarter. Carmignac Gestion now owns 4,223,251 shares of the airline’s stock valued at $212,514,000 after acquiring an additional 13,700 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in American Airlines Group by 1.8% in the second quarter. Brandywine Global Investment Management LLC now owns 3,705,246 shares of the airline’s stock valued at $186,448,000 after acquiring an additional 64,713 shares during the last quarter. LSV Asset Management lifted its stake in American Airlines Group by 8.7% in the second quarter. LSV Asset Management now owns 3,424,746 shares of the airline’s stock valued at $172,333,000 after acquiring an additional 274,264 shares during the last quarter. Finally, Boston Partners acquired a new stake in American Airlines Group in the third quarter valued at approximately $113,633,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

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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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