Traders sold shares of American Airlines Group Inc (NASDAQ:AAL) on strength during trading hours on Wednesday. $54.17 million flowed into the stock on the tick-up and $71.37 million flowed out of the stock on the tick-down, for a money net flow of $17.20 million out of the stock. Of all stocks tracked, American Airlines Group had the 31st highest net out-flow for the day. American Airlines Group traded up $1.70 for the day and closed at $53.78
AAL has been the subject of several research analyst reports. Citigroup reissued a “buy” rating on shares of American Airlines Group in a research report on Wednesday, September 13th. Buckingham Research reissued a “buy” rating on shares of American Airlines Group in a research report on Friday, October 27th. BidaskClub raised American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Bank of America raised American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Tuesday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $51.00 target price (up from $47.00) on shares of American Airlines Group in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $60.16.
The company has a market capitalization of $25,730.00, a PE ratio of 13.68 and a beta of 0.99. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63.
In other American Airlines Group news, Director Alberto Ibarguen sold 4,229 shares of American Airlines Group stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $47.60, for a total transaction of $201,300.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO W Douglas Parker sold 224,572 shares of American Airlines Group stock in a transaction dated 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 transaction, 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. Insiders own 0.69% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Westside Investment Management Inc. boosted its stake in American Airlines Group by 3.5% during the 2nd 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 during the last quarter. WFG Advisors LP boosted its stake in American Airlines Group by 28.1% during the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after purchasing an additional 519 shares during the last quarter. Exane Derivatives boosted its stake in shares of American Airlines Group by 416.3% in the 3rd quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock worth $123,000 after buying an additional 2,090 shares during the last quarter. IHT Wealth Management LLC boosted its stake in shares of American Airlines Group by 516.8% in the 2nd quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock worth $126,000 after buying an additional 2,000 shares during the last quarter. Finally, Blue Granite Capital LLC purchased a new position in shares of American Airlines Group in the 3rd quarter worth approximately $131,000. Institutional investors and hedge funds own 81.20% 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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