American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) EVP Vasu Raja sold 5,298 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $12.23, for a total value of $64,794.54. Following the completion of the sale, the executive vice president now directly owns 339,170 shares of the company’s stock, valued at $4,148,049.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
American Airlines Group Stock Performance
Shares of AAL traded up $0.11 during midday trading on Monday, hitting $12.40. The company had a trading volume of 23,879,042 shares, compared to its average volume of 27,167,244. The company’s 50-day simple moving average is $12.23 and its 200-day simple moving average is $14.56. The firm has a market capitalization of $8.10 billion, a P/E ratio of 5.62, a P/E/G ratio of 0.10 and a beta of 1.58. American Airlines Group Inc. has a 1 year low of $10.86 and a 1 year high of $19.08.
American Airlines Group (NASDAQ:AAL – Get Free Report) last announced its quarterly earnings data on Thursday, October 19th. The airline reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. The business had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $13.51 billion. American Airlines Group had a negative return on equity of 47.30% and a net margin of 3.04%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. Equities analysts predict that American Airlines Group Inc. will post 2.39 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Institutional Investors Weigh In On American Airlines Group
Institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in American Airlines Group during the first quarter worth approximately $25,000. Gables Capital Management Inc. lifted its stake in American Airlines Group by 100.0% during the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after purchasing an additional 1,000 shares during the last quarter. RVW Wealth LLC purchased a new stake in American Airlines Group during the third quarter worth approximately $27,000. Kalos Management Inc. purchased a new stake in American Airlines Group during the first quarter worth approximately $31,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in American Airlines Group during the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 58.50% of the company’s stock.
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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