American Airlines Group (NASDAQ:AAL) Downgraded by StockNews.com to Hold

American Airlines Group (NASDAQ:AAL) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Other research analysts have also recently issued research reports about the company. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. TD Cowen raised shares of American Airlines Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $17.00 to $25.00 in a research report on Monday, January 6th. Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Barclays upped their price objective on shares of American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.05.

American Airlines Group Trading Up 0.1 %

Shares of NASDAQ AAL opened at $18.66 on Tuesday. The firm has a fifty day simple moving average of $16.51 and a two-hundred day simple moving average of $13.12. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $19.10. The firm has a market capitalization of $12.26 billion, a PE ratio of 56.55, a price-to-earnings-growth ratio of 0.95 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results 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 company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. American Airlines Group’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, sell-side analysts predict that American Airlines Group will post 1.73 earnings per share for the current year.

Insider Buying and Selling at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were 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 owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. grew its stake in shares of American Airlines Group by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 54,178 shares of the airline’s stock valued at $614,000 after acquiring an additional 1,468 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of American Airlines Group by 1,432.3% in the second quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock worth $6,768,000 after purchasing an additional 558,384 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after purchasing an additional 1,823,928 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of American Airlines Group by 90.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 48,605 shares of the airline’s stock valued at $551,000 after purchasing an additional 23,091 shares during the period. Finally, Blair William & Co. IL lifted its stake in shares of American Airlines Group by 34.3% during the 2nd quarter. Blair William & Co. IL now owns 18,521 shares of the airline’s stock valued at $210,000 after buying an additional 4,735 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

About American Airlines Group

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.