American Airlines Group (NASDAQ:AAL) Trading Down 3.1% After Earnings Miss

American Airlines Group Inc. (NASDAQ:AAL) shares traded down 3.1% on Friday following a weaker than expected earnings announcement. The company traded as low as $13.66 and last traded at $13.69. 5,199,219 shares were traded during trading, a decline of 85% from the average session volume of 34,170,055 shares. The stock had previously closed at $14.13.

The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The business had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Seaport Res Ptn raised American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Evercore ISI reissued a “hold” rating and set a $17.00 price objective on shares of American Airlines Group in a research report on Monday, January 29th. UBS Group began coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 target price on the stock. Finally, Sanford C. Bernstein lifted their price target on shares of American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.53.

Hedge Funds Weigh In On American Airlines Group

Several hedge funds have recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC purchased a new position in shares of American Airlines Group during the fourth quarter worth about $27,000. Gables Capital Management Inc. grew its stake in American Airlines Group by 100.0% during the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after buying an additional 1,000 shares during the last quarter. GoalVest Advisory LLC acquired a new position in American Airlines Group during the first quarter worth approximately $38,000. Quarry LP purchased a new stake in American Airlines Group in the fourth quarter valued at approximately $34,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of American Airlines Group in the third quarter valued at approximately $33,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Price Performance

The business’s 50-day moving average price is $14.46 and its 200-day moving average price is $13.63. The firm has a market capitalization of $9.09 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57.

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.