Shares of the company are trading at $53.80 which is just over $48.29, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $46.07. The 50 day moving average was up $5.51 and the 200 day average was up $7.73. (NASDAQ:AAL) shares saw heavy trading volume with 8,286K shares changing hands by the end of trading on Thursday. Shares saw a steep increase in trading volume of 58.08% over the normal average daily volume.
Traders are a little more bearish lately as evidenced by the rise in short interest. The stock realized a rise in short interest of 4.53% as of the latest report on May 31, 2017. Short interest grew 1,688,714 over that period. With short interest at 38,933,572 and short average daily volume at 5,932,348, days to cover is 6.6 and the percentage of shorted shares is 0.08% as of May 31.
American Airlines Group, Inc. (NASDAQ:AAL) has been the object of insider buying and selling activity recently. Derek J. Kerr, EVP reported the sale of 104,223 shares of (AAL). The shares were sold on June 2nd for an average price of $50.00. Kerr now owns $23,695,400 of the stock per the Form 4 SEC filing. Maya Leibman, EVP Chief Information Officer sold $1,126,289 worth of shares at a price of $47.21 on Thu the 11th. The EVP Chief Information Officer now owns $8,095,382 of the stock as recorded in a recent Form 4 SEC filing.
James F. Albaugh, Director disclosed the purchase of 3,000 shares of AAL stock. The shares were purchased at an average price of $43.85. The Director now owns $646,217 of the stock according to the SEC filing.
The following firms have also recently changed their position in AAL. As of the end of the quarter Gateway Investment Advisers LLC had acquired a total of 990 shares growing its position 0.2%. The value of the total investment in American Airlines Group, Inc. increased from $17,028,000 to $20,307,000 increasing 19.3% quarter to quarter. As of quarter end Creative Planning had sold 20,251 shares trimming its holdings by 17.9%. The value of the investment in (AAL) went from $4,793,000 to $4,682,000 a change of 2.3% since the last quarter.
Next Financial Group, Inc trimmed its stake by selling 254 shares a decrease of 1.6% in the quarter. Next Financial Group, Inc controls 16,070 shares with a value of $809,000. The value of the position overall is up by 16.2%. Trust Department Mb Financial Bank N A augmented its investment by buying 143 shares an increase of 1.0% as of 06/30/2017. Trust Department Mb Financial Bank N A owns 15,022 shares valued at $756,000. The total value of its holdings increased 20.2%.
On November 18, 2016 Citigroup started coverage with an initial rating of “Buy”. On October 21 Imperial Capital left the company rating at “Outperform” but moved up the price target from $40.00 to $46.00.
On October 11 analysts at Bernstein began coverage with a rating of “Underperform”. On September 21, 2016 the stock rating was set at “Market Perform” according to a Raymond James report which is down from the previous “Outperform” rating.
July 27 investment analysts at JP Morgan made no change to the company rating of “Overweight” and moved down the price target to $41.50 from $50.50. On July 25 Credit Suisse kept the company rating at “Underperform” but raised the price expectation to $34.00 from $28.00.
The company is up by 4.24 percent from yesterday’s close. American Airlines Group, Inc. recently declared a dividend for shareholders paid on Tuesday the 30th of May 2017. The dividend payment was $0.100 per share for the quarter which is $0.40 annualized. This dividend amount was represent a yeild of $0.76. The ex-dividend date was set for Friday the 12th of May 2017.
American Airlines Group, Inc.’s P/E ratio is 12.90 and the market cap of the company is 26.50B. As of the last earnings report the EPS was $4.17 and is estimated to be $4.95 for the current year with 492,588,000 shares now outstanding. Next quarter’s EPS is expected be $1.69 and the next full year EPS is anticipated to be $5.62.
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..