American Airlines Group (NASDAQ:AAL) Upgraded at StockNews.com

StockNews.com upgraded shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a buy rating in a report released on Monday morning.

Several other research firms have also recently weighed in on AAL. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Evercore ISI boosted their price target on American Airlines Group to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 9th. Bank of America boosted their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $12.00 to $20.00 in a research note on Monday, January 6th. Finally, Morgan Stanley raised their price objective on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.42.

American Airlines Group Stock Down 0.8 %

NASDAQ:AAL opened at $18.07 on Monday. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of 54.76, a price-to-earnings-growth ratio of 0.29 and a beta of 1.35. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $18.56. The stock has a fifty day simple moving average of $16.15 and a 200 day simple moving average of $12.90.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share 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 negative return on equity of 18.62% and a net margin of 0.51%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. Equities analysts predict that American Airlines Group will post 1.62 earnings per share for the current year.

Insider Transactions at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

Several hedge funds and other institutional investors have recently made changes to their positions in AAL. Austin Private Wealth LLC acquired a new position in American Airlines Group in the 3rd quarter worth about $723,000. Maverick Capital Ltd. grew its stake in American Airlines Group by 95.3% in the second quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock valued at $2,196,000 after acquiring an additional 94,573 shares during the period. Sei Investments Co. increased its holdings in American Airlines Group by 14.7% during the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock worth $13,586,000 after purchasing an additional 153,515 shares in the last quarter. U S Global Investors Inc. boosted its holdings in American Airlines Group by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after acquiring an additional 508,119 shares during the last quarter. Finally, Centiva Capital LP increased its stake in American Airlines Group by 199.9% in the 3rd quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock valued at $1,678,000 after buying an additional 99,513 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

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.