American Airlines Group (NASDAQ:AAL) Cut to “Hold” at StockNews.com

American Airlines Group (NASDAQ:AAL) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other equities research analysts also recently weighed in on AAL. Bank of America cut their price target on American Airlines Group from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. Susquehanna cut their price objective on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Redburn Partners raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, American Airlines Group has an average rating of “Moderate Buy” and a consensus target price of $19.37.

American Airlines Group Trading Down 2.4 %

NASDAQ AAL traded down $0.26 during trading on Thursday, reaching $10.67. 95,823,005 shares of the company’s stock were exchanged, compared to its average volume of 42,728,559. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $19.10. The firm has a market capitalization of $7.02 billion, a PE ratio of 9.36, a P/E/G ratio of 0.21 and a beta of 1.27. The company’s fifty day simple moving average is $16.08 and its 200-day simple moving average is $14.39.

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

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the transaction, the senior vice president now owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of American Airlines Group during the fourth quarter worth $25,000. Brooklyn Investment Group increased its holdings in 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 during the last quarter. Elequin Capital LP increased its holdings in American Airlines Group by 208.5% in the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after purchasing an additional 1,182 shares during the last quarter. Bfsg LLC increased its holdings in American Airlines Group by 269.3% in the fourth 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. bought a new stake in American Airlines Group in the fourth quarter valued at about $42,000. Institutional investors own 52.44% of the company’s stock.

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.