Traders Sell American Airlines Group (AAL) on Strength (AAL)

Traders sold shares of American Airlines Group Inc (NASDAQ:AAL) on strength during trading hours on Wednesday. $68.64 million flowed into the stock on the tick-up and $101.38 million flowed out of the stock on the tick-down, for a money net flow of $32.74 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 $2.01 for the day and closed at $47.76

Several research firms have commented on AAL. Stephens restated a “hold” rating and issued a $62.00 price target on shares of American Airlines Group in a report on Thursday, March 29th. Morgan Stanley restated an “equal weight” rating and issued a $59.00 price target (down previously from $60.00) on shares of American Airlines Group in a report on Friday, February 23rd. BidaskClub cut American Airlines Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. ValuEngine cut American Airlines Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 12th. Finally, Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $52.59 to $62.00 in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $61.44.

The company has a market cap of $22,597.10, a price-to-earnings ratio of 9.61, a PEG ratio of 0.50 and a beta of 0.96. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.61 and a quick ratio of 0.52.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, January 25th. The airline reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.03. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. American Airlines Group had a return on equity of 63.78% and a net margin of 4.55%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. research analysts predict that American Airlines Group Inc will post 5.82 EPS for the current year.

In related news, VP Derek J. Kerr sold 39,662 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.77, for a total transaction of $2,092,963.74. Following the transaction, the vice president now directly owns 429,046 shares of the company’s stock, valued at approximately $22,640,757.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard C. Kraemer sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.71, for a total value of $158,130.00. Following the transaction, the director now directly owns 53,229 shares in the company, valued at $2,805,700.59. The disclosure for this sale can be found here. Insiders sold a total of 77,844 shares of company stock worth $4,077,040 over the last ninety days. Corporate insiders own 0.64% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. acquired a new position in American Airlines Group during the 4th quarter worth approximately $127,000. NuWave Investment Management LLC acquired a new position in American Airlines Group during the 4th quarter worth approximately $145,000. Focused Wealth Management Inc acquired a new position in American Airlines Group during the 4th quarter worth approximately $151,000. Kings Point Capital Management acquired a new position in American Airlines Group during the 4th quarter worth approximately $190,000. Finally, Delpha Capital Management LLC acquired a new position in American Airlines Group during the 4th quarter worth approximately $191,000. 80.55% of the stock is currently owned by hedge funds and other institutional investors.

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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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