In related news, EVP Maya Leibman sold 9,455 shares of American Airlines Group stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $46.79, for a total value of $442,399.45. Following the transaction, the executive vice president now directly owns 165,884 shares of the company’s stock, valued at $7,761,712.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James F. Albaugh acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was purchased at an average cost of $43.85 per share, for a total transaction of $131,550.00. Following the completion of the purchase, the director now directly owns 14,737 shares of the company’s stock, valued at $646,217.45. The disclosure for this purchase can be found here. Insiders purchased 26,500 shares of company stock worth $148,575 over the last three months. 0.64% of the stock is currently owned by insiders.
American Airlines Group Inc (NASDAQ:AAL) was the target of a significant growth in short interest during the month of April. As of April 28th, there was short interest totalling 37,031,005 shares, a growth of 5.9% from the April 13th total of 34,981,479 shares. Based on an average trading volume of 7,811,151 shares, the days-to-cover ratio is presently 4.7 days. Approximately 7.6% of the shares of the stock are sold short.
American Airlines Group (NASDAQ:AAL) opened at 47.30 on Thursday. American Airlines Group has a one year low of $24.85 and a one year high of $50.64. The stock’s 50 day moving average is $43.16 and its 200-day moving average is $44.87. The firm has a market cap of $23.30 billion, a price-to-earnings ratio of 11.34 and a beta of 0.93. American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, April 27th. The airline reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.62 billion. American Airlines Group had a net margin of 6.66% and a return on equity of 86.54%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 EPS. On average, equities research analysts expect that American Airlines Group will post $4.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 30th. Shareholders of record on Saturday, May 6th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, May 12th. This represents a $0.40 annualized dividend and a yield of 0.85%. American Airlines Group’s payout ratio is currently 8.37%. A number of research analysts recently issued reports on the stock. Deutsche Bank AG decreased their price objective on shares of American Airlines Group from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. Vetr cut shares of American Airlines Group from a “strong-buy” rating to a “buy” rating and set a $49.75 price objective on the stock. in a research note on Monday. Barclays PLC reissued a “hold” rating and issued a $58.00 price objective on shares of American Airlines Group in a research note on Friday, April 28th. Imperial Capital decreased their price objective on shares of American Airlines Group from $46.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, April 28th. Finally, Zacks Investment Research cut shares of American Airlines Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $46.32.
About American Airlines Group American Airlines Group Inc is a holding company. The Company’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.
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