American Airlines Group Inc (NASDAQ:AAL) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 21,916,708 shares, a growth of 11.3% from the February 15th total of 19,693,890 shares. Based on an average daily trading volume, of 4,325,367 shares, the days-to-cover ratio is presently 5.1 days. Approximately 3.5% of the company’s stock are short sold.
Several analysts recently commented on AAL shares. Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Citigroup increased their price objective on shares of American Airlines Group to $65.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Bank of America raised shares of American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday, January 9th. Stephens reissued a “hold” rating and set a $62.00 price objective on shares of American Airlines Group in a research report on Wednesday, January 10th. Finally, Buckingham Research increased their price objective on shares of American Airlines Group from $71.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. American Airlines Group currently has a consensus rating of “Buy” and an average target price of $61.32.
Shares of American Airlines Group (AAL) opened at $56.50 on Tuesday. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.52 and a current ratio of 0.61. The stock has a market cap of $26,730.00, a PE ratio of 10.02, a PEG ratio of 0.56 and a beta of 0.93. American Airlines Group has a 1-year low of $39.21 and a 1-year high of $59.08.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Monday, February 5th. American Airlines Group’s payout ratio is presently 7.09%.
In other news, CEO W Douglas Parker sold 224,572 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total value of $11,749,607.04. Following the sale, the chief executive officer now directly owns 1,925,242 shares of the company’s stock, valued at approximately $100,728,661.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew J. Hart sold 35,182 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $51.90, for a total transaction of $1,825,945.80. Following the completion of the sale, the director now directly owns 33,258 shares in the company, valued at $1,726,090.20. The disclosure for this sale can be found here. Insiders sold a total of 302,416 shares of company stock worth $15,826,647 over the last ninety days. Insiders own 0.69% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Johnson Financial Group Inc. purchased a new stake in shares of American Airlines Group during the 4th quarter valued at about $127,000. NuWave Investment Management LLC bought a new position in shares of American Airlines Group in the 4th quarter worth approximately $145,000. Focused Wealth Management Inc bought a new position in shares of American Airlines Group in the 4th quarter worth approximately $151,000. Kings Point Capital Management bought a new position in shares of American Airlines Group in the 4th quarter worth approximately $190,000. Finally, Delpha Capital Management LLC bought a new position in shares of American Airlines Group in the 4th quarter worth approximately $191,000. 80.54% of the stock is currently owned by hedge funds and other institutional investors.
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American Airlines Group Company Profile
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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