American Airlines Group (NASDAQ:AAL) Shares Down 3.1% Following Weak Earnings

American Airlines Group Inc. (NASDAQ:AAL) shares traded down 3.1% during mid-day trading on Friday following a weaker than expected earnings announcement. The stock traded as low as $13.66 and last traded at $13.69. 5,199,219 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 34,170,055 shares. The stock had previously closed at $14.13.

The airline reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The company had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. American Airlines Group’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays increased their target price on shares of American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th. Citigroup restated a “buy” rating and issued a $20.00 price objective on shares of American Airlines Group in a research report on Thursday, March 14th. Evercore ISI restated a “hold” rating and issued a $17.00 price objective on shares of American Airlines Group in a research report on Monday, January 29th. Wolfe Research upgraded shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a research report on Monday, January 22nd. Finally, Sanford C. Bernstein raised their target price on shares of American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, American Airlines Group presently has a consensus rating of “Hold” and an average target price of $17.53.

Institutional Trading of American Airlines Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Eudaimonia Partners LLC raised its holdings in American Airlines Group by 4.2% during the 1st quarter. Eudaimonia Partners LLC now owns 23,054 shares of the airline’s stock valued at $354,000 after buying an additional 927 shares during the period. Ackerman Capital Advisors LLC increased its stake in American Airlines Group by 6.5% in the first quarter. Ackerman Capital Advisors LLC now owns 15,661 shares of the airline’s stock worth $240,000 after purchasing an additional 949 shares during the period. Gables Capital Management Inc. increased its stake in American Airlines Group by 100.0% in the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after purchasing an additional 1,000 shares during the period. Federated Hermes Inc. increased its stake in 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 purchasing an additional 1,003 shares during the period. Finally, Global Retirement Partners LLC increased its stake in 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 purchasing an additional 1,078 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Down 2.9 %

The business has a 50 day simple moving average of $14.47 and a two-hundred day simple moving average of $13.61. The firm has a market cap of $8.98 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57.

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.