American Airlines Group (NASDAQ:AAL) Lifted to Hold at Redburn Atlantic

American Airlines Group (NASDAQ:AAL) was upgraded by analysts at Redburn Atlantic to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

Several other research analysts have also recently weighed in on AAL. Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $18.00 to $12.00 in a report on Monday, July 22nd. Jefferies Financial Group lowered shares of American Airlines Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $17.00 to $12.00 in a research report on Wednesday, May 29th. Susquehanna cut their price objective on shares of American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. Morgan Stanley cut their price objective on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, June 3rd. Finally, HSBC initiated coverage on shares of American Airlines Group in a research report on Monday, May 13th. They issued a “buy” rating and a $17.90 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.73.

American Airlines Group Stock Up 1.6 %

American Airlines Group stock opened at $10.80 on Tuesday. The stock has a market capitalization of $7.09 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 0.22 and a beta of 1.43. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15. The company has a 50 day moving average of $10.45 and a 200-day moving average of $12.57.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. The company had revenue of $14.33 billion during the quarter, compared to analysts’ expectations of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.92 earnings per share. Equities analysts anticipate that American Airlines Group will post 0.97 EPS for the current fiscal year.

Hedge Funds Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Beaird Harris Wealth Management LLC increased its holdings in shares of American Airlines Group by 51.3% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares during the last quarter. Empirical Finance LLC grew its stake in shares of American Airlines Group by 1.4% in the first quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock valued at $899,000 after acquiring an additional 797 shares in the last quarter. Eudaimonia Partners LLC increased its position in American Airlines Group by 4.2% during the first quarter. Eudaimonia Partners LLC now owns 23,054 shares of the airline’s stock worth $354,000 after acquiring an additional 927 shares during the period. Ackerman Capital Advisors LLC increased its position in American Airlines Group by 6.5% during the first quarter. Ackerman Capital Advisors LLC now owns 15,661 shares of the airline’s stock worth $240,000 after acquiring an additional 949 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its position in American Airlines Group by 4.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock worth $359,000 after acquiring an additional 978 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

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.