Insider Buying: American Airlines Group Inc (NASDAQ:AAL) Director Acquires 25,000 Shares of Stock

American Airlines Group Inc (NASDAQ:AAL) Director John T. Cahill bought 25,000 shares of American Airlines Group stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of $28.60 per share, for a total transaction of $715,000.00. Following the completion of the transaction, the director now directly owns 3,494 shares in the company, valued at $99,928.40. The transaction was disclosed in a filing with the SEC, which is available at this link.

AAL stock traded up $0.46 during mid-day trading on Friday, reaching $32.61. 5,237,390 shares of the company’s stock were exchanged, compared to its average volume of 6,355,626. The firm has a market capitalization of $14.51 billion, a P/E ratio of 7.17 and a beta of 1.61. The firm has a 50 day moving average of $31.03. American Airlines Group Inc has a 12-month low of $27.02 and a 12-month high of $43.89.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Friday, April 26th. The airline reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $10.61 billion. American Airlines Group had a negative return on equity of 356.47% and a net margin of 3.15%. American Airlines Group’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 earnings per share. As a group, equities analysts anticipate that American Airlines Group Inc will post 5.05 EPS for the current year.

Institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its holdings in shares of American Airlines Group by 2,405.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,249,791 shares of the airline’s stock valued at $132,000 after purchasing an additional 4,080,170 shares during the last quarter. FMR LLC increased its holdings in shares of American Airlines Group by 37.5% in the fourth quarter. FMR LLC now owns 14,226,885 shares of the airline’s stock valued at $456,824,000 after purchasing an additional 3,883,285 shares during the last quarter. Norges Bank acquired a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $86,014,000. Harris Associates L P increased its holdings in shares of American Airlines Group by 14.0% in the fourth quarter. Harris Associates L P now owns 18,951,352 shares of the airline’s stock valued at $608,528,000 after purchasing an additional 2,328,627 shares during the last quarter. Finally, Anchor Bolt Capital LP acquired a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $57,924,000. 79.37% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on AAL. BidaskClub lowered American Airlines Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Imperial Capital reaffirmed an “in-line” rating and set a $41.00 target price (down from $43.00) on shares of American Airlines Group in a research report on Tuesday, April 30th. Cowen reaffirmed an “outperform” rating and set a $41.00 target price (down from $42.00) on shares of American Airlines Group in a research report on Monday, April 29th. Zacks Investment Research upgraded American Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Barclays dropped their price target on American Airlines Group from $60.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, May 20th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. American Airlines Group presently has an average rating of “Hold” and an average price target of $43.31.

About American Airlines Group

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, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and 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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