The American Airlines Group Inc (AAL) Short Interest Update

The American Airlines Group Inc (AAL) Short Interest Update

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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