American Airlines Group (AAL) Trading Up 1.1% After Insider Buying Activity

Shares of American Airlines Group Inc (NASDAQ:AAL) were up 1.1% during mid-day trading on Wednesday following insider buying activity. The stock traded as high as $34.78 and last traded at $35.05. Approximately 406,998 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 12,014,035 shares. The stock had previously closed at $34.66.

Specifically, Director John T. Cahill acquired 25,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The stock was acquired at an average price of $33.47 per share, for a total transaction of $836,750.00. Following the purchase, the director now owns 6,531 shares of the company’s stock, valued at approximately $218,592.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Several equities analysts have recently issued reports on AAL shares. Deutsche Bank upgraded American Airlines Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $40.00 to $47.00 in a research note on Wednesday, October 17th. Macquarie set a $45.00 price objective on American Airlines Group and gave the company a “buy” rating in a research note on Monday, October 8th. Imperial Capital decreased their price objective on American Airlines Group from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday, October 16th. BidaskClub upgraded American Airlines Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Barclays decreased their target price on American Airlines Group from $68.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, July 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $50.71.

The company has a market capitalization of $14.95 billion, a price-to-earnings ratio of 7.19, a P/E/G ratio of 0.90 and a beta of 0.98.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.01. The firm had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $11.55 billion. American Airlines Group had a return on equity of 568.86% and a net margin of 3.06%. Sell-side analysts anticipate that American Airlines Group Inc will post 4.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Monday, November 5th. American Airlines Group’s payout ratio is 8.20%.

A number of hedge funds have recently bought and sold shares of the stock. Perella Weinberg Partners Capital Management LP acquired a new position in American Airlines Group during the third quarter worth approximately $5,992,000. First Dallas Securities Inc. increased its position in American Airlines Group by 27.3% during the third quarter. First Dallas Securities Inc. now owns 60,526 shares of the airline’s stock worth $2,501,000 after buying an additional 12,998 shares during the period. Capital Management Corp VA increased its position in American Airlines Group by 10.7% during the third quarter. Capital Management Corp VA now owns 86,041 shares of the airline’s stock worth $3,556,000 after buying an additional 8,315 shares during the period. Frontier Capital Management Co. LLC increased its position in American Airlines Group by 160.9% during the third quarter. Frontier Capital Management Co. LLC now owns 1,002,733 shares of the airline’s stock worth $41,443,000 after buying an additional 618,378 shares during the period. Finally, Hodges Capital Management Inc. increased its position in American Airlines Group by 20.6% during the third quarter. Hodges Capital Management Inc. now owns 459,269 shares of the airline’s stock worth $18,982,000 after buying an additional 78,546 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

American Airlines Group Company Profile (NASDAQ:AAL)

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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