Potential American Airlines Group Inc. (NASDAQ:AAL) shareholders may wish to note that the Independent Director, James Albaugh, recently bought US$314k worth of stock, paying US$31.41 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 38%.
American Airlines Group Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Chairman & CEO William Parker for US$1.4m worth of shares, at about US$28.09 per share. That means that an insider was happy to buy shares at around the current price of US$30.92. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the American Airlines Group insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 141500 shares worth US$4.1m. But they sold 6930 for US$202k. In total, American Airlines Group insiders bought more than they sold over the last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of American Airlines Group
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that American Airlines Group insiders own 1.2% of the company, worth about US$163m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At American Airlines Group Tell Us?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about American Airlines Group. One for the watchlist, at least! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.