American Airlines Group (NASDAQ:AAL) Upgraded to “Buy” at Redburn Partners

Redburn Partners upgraded shares of American Airlines Group (NASDAQ:AAL) from a neutral rating to a buy rating in a research note issued to investors on Wednesday,Stock Target Advisor reports. The brokerage currently has $24.00 price target on the airline’s stock.

A number of other equities research analysts also recently weighed in on AAL. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Monday, January 6th. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $24.00 in a research note on Tuesday, December 10th. Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Morgan Stanley raised their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.40.

American Airlines Group Stock Up 0.3 %

AAL stock opened at $15.18 on Wednesday. The company has a market cap of $9.98 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.21 and a beta of 1.35. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $19.10. The business has a 50-day simple moving average of $17.05 and a 200 day simple moving average of $14.20.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. On average, analysts anticipate that American Airlines Group will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following 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 Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AAL. Golden State Wealth Management LLC acquired a new stake in American Airlines Group during the fourth quarter worth approximately $25,000. Brooklyn Investment Group lifted its stake 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 buying an additional 909 shares during the period. Blue Trust Inc. boosted its holdings in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares in the last quarter. Elequin Capital LP grew its position in shares of 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 buying an additional 1,182 shares during the period. Finally, Bfsg LLC lifted its position in shares of 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 acquiring an additional 1,500 shares during the period. 52.44% of the stock is 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.