On April 13, 2023 at 09:55:28 ET an unusually large $183.26K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $13.00 / share, expiring in 218 day(s) (on November 17, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.27 sigmas above the mean, placing it in the 86.13th 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.

What is the Fund Sentiment?

There are 1010 funds or institutions reporting positions in American Airlines Group. This is an increase of 17 owner(s) or 1.71% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.12%, a decrease of 4.62%. Total shares owned by institutions decreased in the last three months by 3.31% to 396,483K shares. The put/call ratio of AAL is 2.66, indicating a bearish outlook.

Analyst Price Forecast Suggests 32.93% Upside

As of April 6, 2023, the average one-year price target for American Airlines Group is $17.28. The forecasts range from a low of $8.08 to a high of $27.30. The average price target represents an increase of 32.93% from its latest reported closing price of $13.00.

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 are Other Shareholders Doing?

VARIABLE INSURANCE PRODUCTS FUND II – Extended Market Index Portfolio Initial Class holds 21K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 21K shares, representing an increase of 0.52%. The firm decreased its portfolio allocation in AAL by 1.17% over the last quarter.

Profunds – Profund Vp Bull holds 1K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 1K shares, representing a decrease of 53.33%. The firm decreased its portfolio allocation in AAL by 4.80% over the last quarter.

Cohen Lawrence B holds 33K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.

MML Series Investment Fund II – MML Equity Rotation Fund Class II holds 5K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.

Nisa Investment Advisors holds 60K shares representing 0.01% ownership of the company. In it’s prior filing, the firm reported owning 73K shares, representing a decrease of 21.58%. The firm decreased its portfolio allocation in AAL by 99.92% 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.

See all American Airlines Group regulatory filings.

This article originally appeared on Fintel

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