In today’s session American Airlines Group Inc (AAL) recorded an unusually high (3,992) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious AAL decrease. With 3,992 contracts traded and 32334 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: AAL170120P00038000 closed last at: $2.36 or 27.4% down. The stock last traded at $38.65 per share. It is down 9.25% since March 14, 2016 and is downtrending. It has underperformed by 14.86% the S&P500.
Analysts await American Airlines Group Inc (NASDAQ:AAL) to report earnings on October, 28. They expect $1.53 earnings per share, down 44.77% or $1.24 from last year’s $2.77 per share. AAL’s profit will be $798.45 million for 6.32 P/E if the $1.53 EPS becomes a reality. After $1.77 actual earnings per share reported by American Airlines Group Inc for the previous quarter, Wall Street now forecasts -13.56% negative EPS growth.
American Airlines Group Inc (NASDAQ:AAL) Ratings Coverage
Out of 17 analysts covering American Airlines Group (NASDAQ:AAL), 7 rate it a “Buy”, 4 “Sell”, while 6 “Hold”. This means 41% are positive. American Airlines Group has been the topic of 28 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of American Airlines Group Inc (NASDAQ:AAL) has “Outperform” rating given on Tuesday, April 12 by Credit Suisse. Deutsche Bank downgraded it to “Hold” rating and $46 target price in Friday, April 1 report. As per Thursday, March 24, the company rating was upgraded by Raymond James. Stifel Nicolaus maintained it with “Buy” rating and $45 target price in Wednesday, October 12 report. The rating was maintained by Stifel Nicolaus on Thursday, March 24 with “Buy”. The stock of American Airlines Group Inc (NASDAQ:AAL) earned “Overweight” rating by JP Morgan on Thursday, February 4. The rating was upgraded by UBS on Wednesday, January 27 to “Buy”. The stock of American Airlines Group Inc (NASDAQ:AAL) has “Equal-Weight” rating given on Tuesday, March 29 by Stephens. On Wednesday, November 25 the stock rating was downgraded by HSBC to “Reduce”. Goldman Sachs downgraded American Airlines Group Inc (NASDAQ:AAL) on Wednesday, September 30 to “Neutral” rating.
According to Zacks Investment Research, “American Airlines Group Inc. operates in the airline industry. The company provides scheduled passenger, freight and mail service primarily in North America, the Caribbean, Latin America, Europe and the Pacific. American Airlines Group Inc. is the holding company for American Airlines and US Airways. American Airlines Group Inc. is based in FORT WORTH TX.”
Insitutional Activity: The institutional sentiment decreased to 0.6 in Q2 2016. Its down 0.02, from 0.62 in 2016Q1. The ratio fall, as 111 funds sold all American Airlines Group Inc shares owned while 206 reduced positions. 40 funds bought stakes while 150 increased positions. They now own 384.56 million shares or 8.83% less from 421.82 million shares in 2016Q1.
Jpmorgan Chase & Com holds 0% or 484,438 shares in its portfolio. Oregon Employees Retirement Fund holds 0.05% or 80,607 shares in its portfolio. Pinnacle Lc last reported 11,453 shares in the company. Blair William And Il owns 15,061 shares or 0% of their US portfolio. Moreover, Mutual Of America Cap Mngmt Ltd Limited Liability Company has 0.04% invested in American Airlines Group Inc (NASDAQ:AAL) for 67,399 shares. Sumitomo Mitsui Tru accumulated 468,048 shares or 0.02% of the stock. Cornerstone Management Limited Com has invested 0.03% of its portfolio in American Airlines Group Inc (NASDAQ:AAL). Natixis, a France-based fund reported 52,403 shares. State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 360,000 shares. Gam Holding Ag accumulated 0.04% or 102,392 shares. Ontario Teachers Pension Plan Board accumulated 17,968 shares or 0.01% of the stock. Legal & General Grp Public Ltd Company holds 703,357 shares or 0.02% of its portfolio. Cibc World Mkts Corp last reported 0.03% of its portfolio in the stock. Glenmede Trust Co Na owns 58,366 shares or 0.01% of their US portfolio. Jacobs Levy Equity holds 0.01% or 21,500 shares in its portfolio.
Insider Transactions: Since June 13, 2016, the stock had 1 buy, and 3 insider sales for $2.37 million net activity. GOULET – BEVERLY K. sold $1.36M worth of stock. Leibman Maya had sold 10,000 shares worth $363,432. SCHIFTER RICHARD P also bought $96,390 worth of American Airlines Group Inc (NASDAQ:AAL) shares.
American Airlines Group Inc. is a holding firm whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc. (American) and its regional subsidiaries, Envoy Aviation Group Inc. (Envoy), Piedmont Airlines, Inc. (Piedmont) and PSA Airlines, Inc. (PSA). The company has a market cap of $20.17 billion. The Firm has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix and Washington, D.C. It has a 3.72 P/E ratio. Together with its regional airline subsidiaries and third-party regional carriers operating as American Eagle, the Company’s airline operates an average of approximately 6,700 flights per day to over 350 destinations in approximately 50 countries.
AAL Company Profile
American Airlines Group Inc. (AAG), incorporated on February 16, 1982, is a holding firm whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc. (American) and its regional subsidiaries, Envoy Aviation Group Inc. (Envoy), Piedmont Airlines, Inc. (Piedmont) and PSA Airlines, Inc. (PSA) that operate under capacity purchase agreements as American Eagle.
More important recent American Airlines Group Inc (NASDAQ:AAL) news were published by: Schaeffersresearch.com which released: “Bullish Options Traders Fly to American Airlines Group Inc, Delta Air Lines, Inc.” on October 11, 2016, also Wsj.com published article titled: “American Airlines Weekend Technology Transfer Appears to Go Well”, Blogs.Wsj.com published: “American Airlines Plans Major Cloud Move” on September 21, 2016. More interesting news about American Airlines Group Inc (NASDAQ:AAL) was released by: Zacks.com and their article: “American Airlines (AAL) Q3 Earnings: A Beat in the Cards?” with publication date: October 17, 2016.
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