American Airlines Group (NASDAQ:AAL) Shares Gap Down to $14.53

Shares of American Airlines Group Inc. (NASDAQ:AAL) gapped down before the market opened on Tuesday . The stock had previously closed at $14.53, but opened at $13.96. American Airlines Group shares last traded at $14.25, with a volume of 8,321,960 shares.

Analyst Ratings Changes

AAL has been the subject of a number of analyst reports. Sanford C. Bernstein lifted their price objective on American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Seaport Res Ptn upgraded American Airlines Group from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, January 11th. TD Cowen upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $14.00 to $21.00 in a research note on Friday, January 26th. Finally, Citigroup reiterated a “buy” rating and set a $20.00 target price on shares of American Airlines Group in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Stock Performance

The firm has a market cap of $9.38 billion, a P/E ratio of 13.21, a P/E/G ratio of 0.12 and a beta of 1.57. The business’s 50-day simple moving average is $14.52 and its 200 day simple moving average is $13.60.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The firm had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities research analysts expect that American Airlines Group Inc. will post 2.45 EPS for the current year.

Hedge Funds Weigh In On American Airlines Group

Several hedge funds have recently added to or reduced their stakes in AAL. Gables Capital Management Inc. grew its stake in American Airlines Group by 100.0% in the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after acquiring an additional 1,000 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of American Airlines Group by 32.2% in the fourth quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock worth $57,000 after buying an additional 1,003 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of American Airlines Group by 11.0% in the fourth quarter. Global Retirement Partners LLC now owns 10,912 shares of the airline’s stock worth $144,000 after buying an additional 1,078 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of American Airlines Group by 5.2% in the fourth quarter. QRG Capital Management Inc. now owns 21,904 shares of the airline’s stock worth $301,000 after buying an additional 1,084 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of American Airlines Group by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 293,480 shares of the airline’s stock worth $3,759,000 after acquiring an additional 1,110 shares during the period. 52.44% of the stock is currently owned by institutional investors.

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.