The company is up since yesterday’s close of $51.61. Shares are trading at $53.42 which is just a bit higher than the 50 day moving average which is $48.29 and a tad higher than the 200 day moving average of $46.07. The 50 day moving average was up $5.18 whereas the 200 day average was up by +16.07%.
Traders are a little more bearish on shares of the company if you consider the change in short interest. The firm saw a rise in short interest of 4.53% as of May 31, 2017 from the last reporting period. Short interest grew 1,688,714 over that period. The days to cover decreased to 6.6 and the percentage of shorted shares is 0.08% as of May 31.
There has been some buying and selling insider activity on American Airlines Group, Inc. (NASDAQ:AAL) recently. EVP Derek J. Kerr sold 104,223 shares at an average price of $50.00 on Fri the 2nd. The EVP now owns $23,695,400 of the stock as recorded in a recent Form 4 SEC filing. EVP Chief Information Officer Maya Leibman sold 23,857 shares at a price of $47.21 on Thu the 11th. Leibman now owns $8,095,382 of stock as reported to the SEC.
Director James F. Albaugh disclosed the purchase of 3,000 shares of AAL stock. The shares were bought on May 4th for an average price of $43.85. The Director now owns $646,217 of the stock according to the SEC filing.
American Airlines Group Inc., launched on February 16, 1982, is a holding company. The Business’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. Together with its regional airline subsidiaries and third-party regional carriers operating as American Eagle, its airline operated an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, District of Columbia, as of December 31, 2016. In the fiscal year ended December 31, 2016, approximately 199 million passengers boarded its mainline and regional flights..
Here are a few additional firms who have increased or decreased their stake in (AAL). As of quarter end Gateway Investment Advisers LLC had acquired 990 shares growing its position 0.2%. The value of the investment in (AAL) increased from $17,028,000 to $20,307,000 a change of 19.3% since the last quarter. As of the end of the quarter New England Research & Management, Inc. had sold a total of 16,950 shares trimming its stake by 69.9%. The value in dollars went from $1,026,000 to $367,000 a change of $659,000 quarter to quarter.
Bank Of Montreal /can/ cut its ownership by selling 751 shares a decrease of 11.8% from 03/31/2017 to 06/30/2017. Bank Of Montreal /can/ currently owns 5,615 shares valued at $283,000. The value of the position overall is up by 5.2%. Central Bank & Trust Co divested its position by shedding 210 shares a decrease of 50.0%. Central Bank & Trust Co claims 210 shares worth $11,000. The total value of its holdings decreased 38.9%.
Citigroup issued its first research report on the stock giving it an initial rating of “Buy”. October 21 investment analysts at Imperial Capital made no change to the company rating of “Outperform” and raised the price expectation to $46.00 from $40.00.
On October 11, 2016 Bernstein started covering the stock with an initial rating of “Underperform”. On September 21 the company was changed to a “Market Perform” according to a Raymond James report which is down from the previous “Outperform” rating.
On July 27 JP Morgan kept the stock rating at “Overweight” but lowered the price expectation from $50.50 to $41.50. July 25 investment analysts at Credit Suisse held the company rating at “Underperform” and moved up the price target to $34.00 from $28.00.
The company also recently declared a dividend for shareholders paid on Tuesday the 30th of May 2017. The dividend was $0.100 per share for the quarter or $0.40 annualized. The dividend yield was $0.75. The ex-dividend date was Friday the 12th of May 2017.
The company’s P/E ratio is 12.82 and the market value is 26.34B. In the latest earnings report the EPS was $4.17 and is expected to be $4.95 for the current year with 492,588,000 shares outstanding. Next quarter’s EPS is estimated at $1.69 and the next full year EPS is anticipated to be $5.62.