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

StockNews.com cut shares of American Airlines Group (NASDAQ:AAL) from a buy rating to a hold rating in a research report released on Tuesday.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $12.00 to $20.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their target price on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Susquehanna raised their price objective on shares of American Airlines Group from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Barclays boosted their target price on shares of American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, Morgan Stanley upped their price target on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $19.05.

American Airlines Group Trading Down 8.7 %

Shares of NASDAQ:AAL opened at $17.03 on Tuesday. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $19.10. The stock has a market cap of $11.19 billion, a P/E ratio of 51.61, a P/E/G ratio of 0.97 and a beta of 1.35. The company has a 50 day moving average of $16.60 and a 200 day moving average of $13.16.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. On average, equities analysts forecast that American Airlines Group will post 1.73 earnings per share for the current fiscal year.

Insider Activity

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.49% of the company’s stock.

Institutional Trading of American Airlines Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Primecap Management Co. CA lifted its holdings in shares of American Airlines Group by 0.8% in the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock worth $644,498,000 after buying an additional 458,310 shares in the last quarter. U S Global Investors Inc. increased its holdings 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 acquiring an additional 508,119 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in American Airlines Group by 75.5% in the 2nd 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. Toronto Dominion Bank boosted its holdings in shares of American Airlines Group by 379.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock valued at $18,743,000 after purchasing an additional 1,319,859 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after purchasing an additional 787,671 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

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.