American Airlines Group (NASDAQ:AAL) Shares Down 7.1% - Should You Sell?

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report)'s share price was down 7.1% on Tuesday . The company traded as low as $11.61 and last traded at $11.62. Approximately 58,684,825 shares were traded during trading, an increase of 50% from the average daily volume of 39,111,410 shares. The stock had previously closed at $12.50.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AAL. Redburn Atlantic upgraded American Airlines Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. TD Cowen upgraded American Airlines Group from a "hold" rating to a "buy" rating and increased their target price for the company from $17.00 to $25.00 in a research note on Monday, January 6th. Sanford C. Bernstein raised American Airlines Group from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Jefferies Financial Group raised shares of American Airlines Group from a "hold" rating to a "buy" rating and increased their price objective for the company from $12.00 to $20.00 in a research report on Monday, January 6th. Finally, Redburn Partners raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 target price on the stock in a research report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, American Airlines Group currently has a consensus rating of "Moderate Buy" and an average target price of $19.62.

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American Airlines Group Trading Down 8.3 %

The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. The company has a 50-day moving average of $16.45 and a 200-day moving average of $14.44.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping 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, research analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Insider Transactions at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the stock in a transaction dated 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 owns 112,412 shares of the company's stock, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the business's 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 transaction, the chief executive officer now directly owns 2,967,984 shares of the company's stock, valued at $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AAL. Golden State Wealth Management LLC bought a new position in American Airlines Group in the 4th quarter valued at about $25,000. Brooklyn Investment Group boosted 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 acquiring an additional 909 shares in the last quarter. Elequin Capital LP increased its stake in shares of American Airlines Group by 208.5% during the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after acquiring an additional 1,182 shares during the period. Bfsg LLC raised its holdings in American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Bernard Wealth Management Corp. acquired a new stake in American Airlines Group in the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 52.44% of the company's stock.

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.

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