Traders Sell Shares of American Airlines Group (AAL) on Strength (AAL)

Traders sold shares of American Airlines Group Inc (NASDAQ:AAL) on strength during trading hours on Thursday. $23.36 million flowed into the stock on the tick-up and $78.13 million flowed out of the stock on the tick-down, for a money net flow of $54.77 million out of the stock. Of all equities tracked, American Airlines Group had the 26th highest net out-flow for the day. American Airlines Group traded up $0.29 for the day and closed at $32.13

Several research analysts have recently weighed in on the company. Cowen reaffirmed an “outperform” rating and set a $42.00 price objective (down from $43.00) on shares of American Airlines Group in a research report on Thursday, January 10th. Deutsche Bank cut American Airlines Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $28.81 to $35.63 in a research report on Friday, March 1st. Citigroup assumed coverage on American Airlines Group in a research report on Wednesday, November 28th. They set a “positive” rating and a $47.00 price objective for the company. Wolfe Research cut American Airlines Group from an “outperform” rating to a “market perform” rating in a research report on Friday, December 7th. Finally, ValuEngine cut American Airlines Group from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. American Airlines Group currently has a consensus rating of “Hold” and an average price target of $46.57.

The stock has a market cap of $14.30 billion, a P/E ratio of 7.06, a P/E/G ratio of 0.32 and a beta of 1.55.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 24th. The airline reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. The firm had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.94 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities analysts predict that American Airlines Group Inc will post 6 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 20th. Investors of record on Wednesday, February 6th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, February 5th. This represents a $0.40 annualized dividend and a yield of 1.24%. American Airlines Group’s dividend payout ratio (DPR) is presently 8.79%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its position in shares of American Airlines Group by 1.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,212 shares of the airline’s stock valued at $585,000 after buying an additional 321 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of American Airlines Group by 1.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 29,427 shares of the airline’s stock valued at $945,000 after buying an additional 329 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of American Airlines Group by 0.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 59,641 shares of the airline’s stock valued at $1,915,000 after buying an additional 414 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of American Airlines Group by 4.9% in the fourth quarter. Park Avenue Securities LLC now owns 9,461 shares of the airline’s stock valued at $301,000 after buying an additional 440 shares during the last quarter. Finally, Cetera Advisor Networks LLC lifted its position in shares of American Airlines Group by 5.8% in the fourth quarter. Cetera Advisor Networks LLC now owns 10,710 shares of the airline’s stock valued at $340,000 after buying an additional 586 shares during the last quarter. 78.96% of the stock is owned by hedge funds and other institutional investors.

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About American Airlines Group (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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