Traders are a little more bearish on American Airlines Group, Inc. at least if you consider the uptick in short interest. The company experienced a rise in short interest from May 15, 2017 to April 28, 2017 of 0.12%. Short interest increased 4,410,332 over that timeframe. With short interest at 41,441,337 and short average daily volume at 6,661,260, days to cover is 6.2 and the percentage of shorted shares was 0.08% on April 28.
American Airlines Group, Inc. (NASDAQ:AAL) has been the object of insider buying and selling activity recently. Derek J. Kerr, EVP disclosed the sale of 104,223 shares of AAL stock. 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. EVP Chief Information Officer Maya Leibman disclosed the sale of 23,857 shares of (AAL). The shares sold for $47.21. The EVP Chief Information Officer now owns $8,095,382 of the stock according to the SEC filing.
James F. Albaugh, Director disclosed the purchase of 3,000 shares. The shares were purchased at an average price of $43.85. The Director now owns $646,217 of the stock per the Form 4 SEC filing.
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..
The following firms have also recently changed their position in AAL. Columbia Partners L L C Investment Management divested its investment by selling 7,270 shares a decrease of 35.5% as of 03/31/2017. Columbia Partners L L C Investment Management owns 13,195 shares worth $558,000. The value of the position overall is down by 41.6%. As of quarter end Phh Investments, Ltd. had acquired 35 shares growing its position 0.1%. The value of the investment in AAL decreased from $2,734,000 to $2,334,000 decreasing 14.6% for the reporting period.
Marianas Fund Management LLC added to its holdings by buying 79,500 shares an increase of 49.7%. Marianas Fund Management LLC claims 239,500 shares valued at $10,131,000. The total value of its holdings increased 72.9%. As of the end of the quarter Proficio Capital Partners LLC had sold a total of 1 shares trimming its holdings by 7.7%. The value of the total investment in American Airlines Group, Inc. went from $1,000 to $1,000 a change of 0.0% quarter to quarter.
On November 18 analysts at Citigroup issued its first research report on the stock giving it an initial rating of “Buy”. October 21 investment analysts at Imperial Capital made no change to the stock rating of “Outperform” but raised the price target from $40.00 to $46.00.
Bernstein initiated coverage with a rating of “Underperform”. On September 21 the company was rated “Market Perform” by Raymond James which was a cut from the previous “Outperform” rating.
On July 27 JP Morgan made no change to the company rating of “Overweight” and lowered the price target to $41.50 from $50.50. July 25 investment analysts at Credit Suisse kept the company rating at “Underperform” and moved up the price target to $34.00 from $28.00.
The company is so far trading up by 0.44% since yesterday’s close of $49.52. The company also declared a dividend for shareholders that was paid on Tuesday the 30th of May 2017. The dividend was $0.100 per share for the quarter or $0.40 on an annualized basis. The dividend yield was $0.81. The ex-dividend date was Friday the 12th of May 2017.
Shares of the company are trading at $49.74 slightly over $45.84, the 50 day moving average and a bit higher than the 200 day moving average of $45.67. The 50 day moving average was up $3.90 and the 200 day average went up $4.07 or +8.92%.
The most current P/E ratio is 11.93 and the market value is 24.50B. As of the last earnings report the EPS was $4.17 and is expected to be $4.78 for the current year with 492,588,000 shares currently outstanding. Next quarter’s EPS is expected be $1.61 and the next full year EPS is projected to be $5.37.