Insider Selling: American Airlines Group Inc. (NASDAQ:AAL) SVP Sells 51,906 Shares of Stock

American Airlines Group Inc. (NASDAQ:AAL) SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

American Airlines Group Price Performance

NASDAQ:AAL traded down $0.05 during mid-day trading on Tuesday, reaching $17.15. The stock had a trading volume of 29,563,333 shares, compared to its average volume of 33,772,508. The stock has a market cap of $11.27 billion, a P/E ratio of 51.97, a PEG ratio of 0.97 and a beta of 1.35. The business’s 50 day moving average is $16.71 and its 200 day moving average is $13.26. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. Equities analysts expect that American Airlines Group Inc. will post 1.73 EPS for the current year.

Institutional Trading of American Airlines Group

Several large investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new stake in shares of American Airlines Group in the fourth quarter valued at about $25,000. Brooklyn Investment Group boosted its stake in American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after purchasing an additional 909 shares during the period. Blue Trust Inc. grew its holdings in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in American Airlines Group in the 3rd quarter worth approximately $55,000. Finally, KBC Group NV lifted its holdings in shares of American Airlines Group by 55.8% during the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock worth $69,000 after buying an additional 2,204 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AAL shares. Susquehanna lifted their price target on American Airlines Group from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. TD Cowen upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $17.00 to $25.00 in a research report on Monday, January 6th. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Monday, January 6th. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $14.00 to $24.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.99.

About American Airlines Group

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.