American Airlines Group Target of Unusually Large Options Trading (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 202,607 put options on the stock. This represents an increase of 47% compared to the typical daily volume of 137,478 put options.

American Airlines Group Price Performance

NASDAQ AAL traded down $0.34 on Tuesday, reaching $10.56. 58,213,752 shares of the company's stock traded hands, compared to its average volume of 42,036,327. The stock has a market cap of $6.96 billion, a PE ratio of 9.26, a P/E/G ratio of 0.21 and a beta of 1.39. American Airlines Group has a 12 month low of $8.50 and a 12 month high of $19.10. The stock has a 50-day simple moving average of $10.77 and a 200 day simple moving average of $13.63.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping analysts' consensus estimates of ($0.69) by $0.10. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The company had revenue of $12.55 billion for the quarter, compared to analysts' expectations of $12.71 billion. During the same quarter last year, the company earned ($0.34) EPS. The firm's revenue was down .2% compared to the same quarter last year. As a group, analysts anticipate that American Airlines Group will post 2.42 EPS for the current year.

Institutional Investors Weigh In On American Airlines Group

Institutional investors have recently added to or reduced their stakes in the company. Voloridge Investment Management LLC bought a new position in shares of American Airlines Group during the fourth quarter valued at about $60,190,000. Primecap Management Co. CA lifted its holdings in American Airlines Group by 5.0% in the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock worth $1,049,734,000 after buying an additional 2,886,041 shares during the period. Nearwater Capital Markets Ltd bought a new stake in shares of American Airlines Group in the 1st quarter worth approximately $29,012,000. Two Sigma Advisers LP purchased a new position in shares of American Airlines Group during the fourth quarter valued at approximately $42,693,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of American Airlines Group during the fourth quarter valued at approximately $40,333,000. Hedge funds and other institutional investors own 52.44% of the company's stock.

Analysts Set New Price Targets

AAL has been the subject of several recent research reports. Redburn Atlantic raised American Airlines Group from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. UBS Group reduced their target price on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. TD Cowen upped their price target on shares of American Airlines Group to $13.00 and gave the company an "unchanged" rating in a research note on Friday, April 25th. Redburn Partners upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price objective for the company in a research note on Wednesday, February 26th. Finally, Citigroup dropped their target price on American Airlines Group from $21.50 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, American Airlines Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.68.

American Airlines Group Company Profile

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, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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