Investors Buy Large Volume of Put Options on American Airlines Group (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AALGet Free Report) was the recipient of unusually large options trading activity on Friday. Investors acquired 132,912 put options on the stock. This is an increase of 37% compared to the average volume of 96,958 put options.

American Airlines Group Trading Down 3.5 %

Shares of NASDAQ:AAL traded down $0.47 during midday trading on Friday, hitting $13.15. The stock had a trading volume of 35,529,173 shares, compared to its average volume of 34,207,828. The company has a market capitalization of $8.61 billion, a PE ratio of 11.95, a P/E/G ratio of 0.11 and a beta of 1.57. The stock has a 50 day moving average price of $14.64 and a two-hundred day moving average price of $13.54. American Airlines Group has a 1 year low of $10.86 and a 1 year high of $19.08.

American Airlines Group (NASDAQ:AALGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, beating the consensus estimate of $0.11 by $0.18. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The firm had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $13.01 billion. During the same quarter last year, the business earned $1.17 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities analysts expect that American Airlines Group will post 2.53 EPS for the current year.

Institutional Trading of American Airlines Group

Several hedge funds and other institutional investors have recently made changes to their positions in AAL. Gables Capital Management Inc. lifted its stake in shares of American Airlines Group by 100.0% in the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock valued at $26,000 after purchasing an additional 1,000 shares during the period. RVW Wealth LLC acquired a new position in American Airlines Group during the third quarter worth about $27,000. Vermillion & White Wealth Management Group LLC acquired a new position in American Airlines Group during the fourth quarter worth about $27,000. DekaBank Deutsche Girozentrale acquired a new position in American Airlines Group during the third quarter worth about $33,000. Finally, Quarry LP acquired a new position in American Airlines Group during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AAL shares. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Citigroup restated a “buy” rating and issued a $20.00 price objective on shares of American Airlines Group in a report on Thursday, March 14th. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, January 11th. Wolfe Research raised shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a research report on Monday, January 22nd. Finally, Sanford C. Bernstein increased their target price on shares of American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.53.

Read Our Latest Research Report on AAL

American Airlines Group Company Profile

(Get Free Report)

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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