Insider Selling: American Airlines Group Inc. (NASDAQ:AAL) EVP Sells $176,806.00 in Stock

American Airlines Group Inc. (NASDAQ:AALGet Rating) EVP Vasu Raja sold 12,775 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $13.84, for a total value of $176,806.00. Following the completion of the sale, the executive vice president now directly owns 54,381 shares in the company, valued at $752,633.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vasu Raja also recently made the following trade(s):

  • On Tuesday, October 18th, Vasu Raja sold 1,851 shares of American Airlines Group stock. The shares were sold at an average price of $13.59, for a total value of $25,155.09.

American Airlines Group Stock Performance

Shares of AAL stock opened at $14.42 on Friday. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of -5.57 and a beta of 1.48. American Airlines Group Inc. has a 52-week low of $11.65 and a 52-week high of $21.42. The firm’s 50-day moving average is $13.51 and its 200-day moving average is $14.25.

American Airlines Group (NASDAQ:AALGet Rating) last announced its earnings results on Thursday, October 20th. The airline reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.15. The business had revenue of $13.46 billion for the quarter, compared to analyst estimates of $13.46 billion. The business’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.99) EPS. Sell-side analysts predict that American Airlines Group Inc. will post -0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AAL. Barclays lowered their price target on American Airlines Group from $17.00 to $14.00 in a research report on Wednesday, October 12th. Citigroup lowered their price target on American Airlines Group from $16.00 to $15.00 in a research report on Monday, October 17th. Cowen decreased their target price on American Airlines Group to $18.00 in a research report on Thursday, October 27th. Melius started coverage on American Airlines Group in a research report on Monday, August 15th. They set a “hold” rating on the stock. Finally, StockNews.com started coverage on American Airlines Group in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, American Airlines Group has an average rating of “Hold” and an average price target of $17.43.

Hedge Funds Weigh In On American Airlines Group

Large investors have recently modified their holdings of the business. Bank of Nova Scotia grew its holdings in American Airlines Group by 27.6% in the second quarter. Bank of Nova Scotia now owns 344,121 shares of the airline’s stock worth $4,481,000 after purchasing an additional 74,500 shares during the period. TD Asset Management Inc. raised its position in shares of American Airlines Group by 0.7% in the first quarter. TD Asset Management Inc. now owns 118,374 shares of the airline’s stock valued at $2,160,000 after purchasing an additional 800 shares during the period. Mutual of America Capital Management LLC raised its position in shares of American Airlines Group by 1.3% in the first quarter. Mutual of America Capital Management LLC now owns 87,004 shares of the airline’s stock valued at $1,588,000 after purchasing an additional 1,119 shares during the period. Principal Financial Group Inc. raised its position in shares of American Airlines Group by 1.0% in the first quarter. Principal Financial Group Inc. now owns 781,339 shares of the airline’s stock valued at $14,260,000 after purchasing an additional 8,004 shares during the period. Finally, DAVENPORT & Co LLC bought a new stake in shares of American Airlines Group in the second quarter valued at approximately $135,000. Institutional investors own 54.06% of the company’s stock.

About American Airlines Group

(Get Rating)

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

Further Reading

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