American Airlines Group (NASDAQ:AAL) Stock Rating Lowered by StockNews.com

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

A number of other analysts have also weighed in on AAL. Barclays lowered their price target on shares of American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday. 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. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Seaport Res Ptn raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Finally, Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, American Airlines Group currently has an average rating of “Moderate Buy” and a consensus target price of $19.37.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $10.87 on Thursday. The firm has a market cap of $7.15 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.21 and a beta of 1.27. The firm has a 50 day simple moving average of $15.95 and a 200 day simple moving average of $14.43. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. On average, sell-side analysts expect that American Airlines Group will post 2.42 EPS for the current year.

Insider Activity at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the sale, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction on Friday, December 27th. The shares were 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 directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Airlines Group

Institutional investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC acquired a new stake in American Airlines Group in the 4th quarter valued at $25,000. Brooklyn Investment Group increased its stake in American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after buying an additional 909 shares during the last quarter. Elequin Capital LP increased its stake in American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after buying an additional 1,182 shares during the last quarter. Bfsg LLC increased its stake in American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after buying an additional 1,500 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new stake in American Airlines Group in the 4th quarter valued at $42,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Company Profile

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.