StockNews.com Downgrades American Airlines Group (NASDAQ:AAL) to Hold

American Airlines Group (NASDAQ:AAL - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday.

Other research analysts also recently issued reports about the company. TD Cowen boosted their price target on American Airlines Group to $26.00 and gave the company a "buy" rating in a report on Thursday. Raymond James reiterated an "outperform" rating and issued a $23.00 target price (down from $24.00) on shares of American Airlines Group in a research note on Friday, January 24th. Redburn Partners raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price objective for the company in a report on Wednesday, February 26th. The Goldman Sachs Group reissued a "neutral" rating and set a $15.00 target price on shares of American Airlines Group in a research note on Friday, November 15th. Finally, Scotiabank upgraded American Airlines Group from a "neutral" rating to a "buy" rating and set a $20.00 target price on the stock in a research report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $19.37.

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American Airlines Group Stock Performance

Shares of American Airlines Group stock traded up $0.45 during trading on Thursday, hitting $11.32. 64,311,956 shares of the company's stock were exchanged, compared to its average volume of 33,993,228. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.21 and a beta of 1.27. The business has a 50-day simple moving average of $15.83 and a 200-day simple moving average of $14.46. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data 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 negative return on equity of 28.56% and a net margin of 1.56%. On average, equities analysts anticipate that American Airlines Group will post 2.42 earnings per share for the current fiscal year.

Insider Activity at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm's stock in a transaction dated 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 directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Angela Owens sold 51,906 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. 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

A number of institutional investors have recently made changes to their positions in AAL. Golden State Wealth Management LLC acquired a new position in American Airlines Group in the 4th quarter valued at about $25,000. Brooklyn Investment Group grew its holdings in shares of American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after purchasing an additional 909 shares in the last quarter. Elequin Capital LP increased its stake in American Airlines Group by 208.5% during the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock worth $30,000 after buying an additional 1,182 shares during the period. Bfsg LLC lifted its holdings in American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after buying an additional 1,500 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new position in American Airlines Group in the 4th quarter valued at approximately $42,000. 52.44% of the stock is currently 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.