American Airlines Group Inc. (NASDAQ:AAL) CEO Sells $1,763,009.61 in Stock

American Airlines Group Inc. (NASDAQ:AAL) CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

American Airlines Group Price Performance

AAL stock opened at $17.43 on Thursday. The company has a 50 day simple moving average of $15.30 and a 200 day simple moving average of $12.45. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of 52.82, a P/E/G ratio of 0.29 and a beta of 1.41. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $18.20.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. On average, equities research analysts anticipate that American Airlines Group Inc. will post 1.62 EPS for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

A number of institutional investors have recently added to or reduced their stakes in AAL. Allspring Global Investments Holdings LLC grew its holdings in American Airlines Group by 4.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,490 shares of the airline’s stock worth $368,000 after acquiring an additional 1,459 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in American Airlines Group by 57.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,926 shares of the airline’s stock worth $1,449,000 after acquiring an additional 46,495 shares during the last quarter. UMB Bank n.a. grew its holdings in American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after acquiring an additional 2,264 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in American Airlines Group by 17.9% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 23,357 shares of the airline’s stock worth $265,000 after acquiring an additional 3,540 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in American Airlines Group by 16.5% during the 2nd quarter. Signaturefd LLC now owns 9,470 shares of the airline’s stock worth $107,000 after acquiring an additional 1,343 shares during the last quarter. 52.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on AAL. Bank of America boosted their price target on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Jefferies Financial Group boosted their price target on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. TD Cowen boosted their price objective on American Airlines Group from $10.00 to $17.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, American Airlines Group currently has a consensus rating of “Moderate Buy” and an average target price of $16.44.

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.