American Airlines Group (NASDAQ:AAL) Shares Gap Down - Here's What Happened

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $10.55, but opened at $10.30. American Airlines Group shares last traded at $10.04, with a volume of 8,396,365 shares traded.

Analysts Set New Price Targets

AAL has been the subject of a number of analyst reports. Barclays dropped their price target on American Airlines Group from $18.00 to $16.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. UBS Group upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Raymond James dropped their target price on shares of American Airlines Group from $23.00 to $15.00 and set an "outperform" rating on the stock in a report on Wednesday. Sanford C. Bernstein raised shares of American Airlines Group from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $12.00 price objective (down from $20.00) on shares of American Airlines Group in a research note on Tuesday. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.30.

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American Airlines Group Stock Down 0.9 %

The business's 50-day simple moving average is $13.85 and its 200 day simple moving average is $14.42. The firm has a market capitalization of $6.19 billion, a P/E ratio of 8.26, a PEG ratio of 0.21 and a beta of 1.17.

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 (EPS) for the quarter, beating the consensus estimate 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%. Sell-side analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Insider Buying and Selling

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the stock in a transaction on Monday, January 27th. The stock was 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 in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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