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. $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.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.88 billion. During the same period in the previous year, the company posted $2.80 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. research analysts anticipate that American Airlines Group Inc will post 4.66 EPS for the current fiscal year.

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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