On March 27, 2023 at 11:34:25 ET an unusually large
$240.00K block of Put contracts in American Airlines Group
(AAL) was sold,
with a strike price of $16.00 / share, expiring in 235 days (on November 17, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 1.02 sigmas above the mean, placing it in the 83.97 percentile of all recent large trades made in AAL options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 23.20% Upside
As of March 27, 2023,
the average one-year price target for American Airlines Group is $16.90.
The forecasts range from a low of $8.08 to a high of $27.30.
The average price target represents an increase of 23.20% from its latest reported closing price of $13.72.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Airlines Group
is $51,177MM, an increase of 4.50%.
The projected annual non-GAAP EPS
is $1.52.
What is the Fund Sentiment?
There are 1005 funds or institutions reporting positions in American Airlines Group.
This is an increase
of
22
owner(s) or 2.24% in the last quarter.
Average portfolio weight of all funds dedicated to AAL is 0.12%,
a decrease
of 10.59%.
Total shares owned by institutions decreased
in the last three months by 3.11% to 397,528K shares.
The put/call ratio of AAL is 2.57, indicating a
bearish
outlook.
What are Large Shareholders Doing?
Primecap Management
holds 38,099K shares
representing 5.85% ownership of the company.
In it’s prior filing, the firm reported owning 38,955K shares, representing
a decrease
of 2.25%.
The firm
decreased
its portfolio allocation in AAL by 2.24% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 19,733K shares
representing 3.03% ownership of the company.
In it’s prior filing, the firm reported owning 19,454K shares, representing
an increase
of 1.42%.
The firm
decreased
its portfolio allocation in AAL by 1.03% over the last quarter.
VPMCX – Vanguard PRIMECAP Fund Investor Shares
holds 19,365K shares
representing 2.97% ownership of the company.
In it’s prior filing, the firm reported owning 19,400K shares, representing
a decrease
of 0.18%.
The firm
decreased
its portfolio allocation in AAL by 1.88% over the last quarter.
U S Global Investors
holds 16,743K shares
representing 2.57% ownership of the company.
In it’s prior filing, the firm reported owning 16,590K shares, representing
an increase
of 0.91%.
The firm
increased
its portfolio allocation in AAL by 2.60% over the last quarter.
JETS – U.S. Global Jets ETF
holds 16,712K shares
representing 2.57% ownership of the company.
In it’s prior filing, the firm reported owning 16,590K shares, representing
an increase
of 0.73%.
The firm
increased
its portfolio allocation in AAL by 2.02% over the last quarter.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
