Traders Buy Shares of American Airlines Group (AAL) on Weakness

Traders purchased shares of American Airlines Group Inc (NASDAQ:AAL) on weakness during trading hours on Friday. $56.53 million flowed into the stock on the tick-up and $22.96 million flowed out of the stock on the tick-down, for a money net flow of $33.57 million into the stock. Of all stocks tracked, American Airlines Group had the 27th highest net in-flow for the day. American Airlines Group traded down ($0.28) for the day and closed at $58.06

AAL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 target price for the company in a research report on Wednesday, November 1st. Macquarie initiated coverage on American Airlines Group in a research report on Monday, September 25th. They issued a “neutral” rating and a $47.00 target price for the company. BidaskClub upgraded American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Morgan Stanley restated an “equal weight” rating on shares of American Airlines Group in a research report on Monday, November 13th. Finally, Buckingham Research restated a “buy” rating and issued a $71.00 target price (up from $66.00) on shares of American Airlines Group in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $60.35.

The firm has a market capitalization of $27,781.65, a PE ratio of 14.77, a P/E/G ratio of 5.21 and a beta of 0.99. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.57 and a current ratio of 0.65.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. The company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.88 billion. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.80 EPS. equities analysts anticipate that American Airlines Group Inc will post 4.83 earnings per share for the current year.

In other news, Director Alberto Ibarguen sold 4,229 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $47.60, for a total value of $201,300.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO W Douglas Parker sold 224,572 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total value of $11,749,607.04. Following the completion of the sale, the chief executive officer now owns 1,925,242 shares of the company’s stock, valued at approximately $100,728,661.44. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its holdings in shares of 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 purchasing an additional 72 shares in the last quarter. WFG Advisors LP increased its stake in shares of American Airlines Group by 28.1% in the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock worth $119,000 after acquiring an additional 519 shares during the last quarter. Exane Derivatives increased its stake in shares of American Airlines Group by 416.3% in the third quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock worth $123,000 after acquiring an additional 2,090 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of American Airlines Group by 516.8% in the second quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock worth $126,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Blue Granite Capital LLC acquired a new position in shares of American Airlines Group in the third quarter worth $131,000. Institutional investors own 81.22% of the company’s stock.

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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.

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