American Airlines Group (NASDAQ:AAL) Rating Lowered to Hold at StockNews.com

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

Several other research analysts also recently weighed in on the stock. TD Cowen upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $17.00 to $25.00 in a research report on Monday, January 6th. Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Barclays lifted their price target on American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. The Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. Finally, Evercore ISI lifted their target price on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 9th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.94.

American Airlines Group Stock Down 0.1 %

Shares of NASDAQ:AAL opened at $18.27 on Tuesday. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $18.57. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 55.37, a PEG ratio of 0.21 and a beta of 1.35. The business has a 50-day moving average price of $16.41 and a 200-day moving average price of $13.07.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that American Airlines Group will post 1.7 EPS for the current fiscal year.

Insider Buying and Selling at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction dated 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 owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Airlines Group

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

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.