Investors Purchase Large Volume of American Airlines Group Put Options (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AAL) was the recipient of some unusual options trading activity on Monday. Traders acquired 160,815 put options on the stock. This is an increase of approximately 39% compared to the average daily volume of 115,623 put options.

Institutional Investors Weigh In On American Airlines Group

A number of hedge funds have recently modified their holdings of the business. Retirement Systems of Alabama grew its holdings in American Airlines Group by 451.2% in the 3rd quarter. Retirement Systems of Alabama now owns 797,738 shares of the airline’s stock valued at $8,967,000 after buying an additional 653,012 shares in the last quarter. Tidal Investments LLC increased its position in American Airlines Group by 63.1% during the third quarter. Tidal Investments LLC now owns 66,249 shares of the airline’s stock worth $745,000 after purchasing an additional 25,637 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in American Airlines Group by 162.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 140,255 shares of the airline’s stock worth $1,576,000 after purchasing an additional 86,847 shares during the period. Toronto Dominion Bank boosted its holdings in American Airlines Group by 379.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock valued at $18,743,000 after purchasing an additional 1,319,859 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of American Airlines Group in the 3rd quarter valued at approximately $5,463,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Trading Down 1.4 %

Shares of AAL stock opened at $17.16 on Tuesday. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $18.09. The stock has a market cap of $11.28 billion, a P/E ratio of 52.00, a P/E/G ratio of 0.30 and a beta of 1.41. The stock has a 50 day moving average of $13.56 and a 200 day moving average of $11.83.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. On average, research analysts predict that American Airlines Group will post 1.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AAL has been the topic of a number of recent research reports. Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, December 5th. TD Cowen raised their target price on shares of American Airlines Group from $10.00 to $17.00 and gave the company a “hold” rating in a research report on Friday. UBS Group cut shares of American Airlines Group from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Tuesday, November 26th. Jefferies Financial Group lifted their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. Finally, Barclays increased their target price on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.82.

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.