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

StockNews.com lowered shares of American Airlines Group (NASDAQ:AAL) from a buy rating to a hold rating in a report released on Tuesday morning.

Several other equities analysts have also recently commented on the stock. Citigroup raised their price target on shares of American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Bank of America raised American Airlines Group from an “underperform” rating to a “neutral” rating and increased their price target for the company from $12.00 to $20.00 in a research report on Friday, January 17th. Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Monday, January 6th. Finally, Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.05.

American Airlines Group Stock Performance

AAL opened at $17.03 on Tuesday. The company has a fifty day moving average of $16.60 and a two-hundred day moving average of $13.16. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 51.61, a PEG ratio of 0.97 and a beta of 1.35. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. On average, equities research analysts forecast that American Airlines Group will post 1.73 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction 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. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group lifted its position in shares of American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after acquiring an additional 909 shares during the period. Blue Trust Inc. boosted its stake in shares of American Airlines Group by 56.2% in 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 during the last quarter. Point72 Hong Kong Ltd bought a new position in American Airlines Group in the 3rd quarter valued at $55,000. KBC Group NV grew its position in American Airlines Group by 55.8% during the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after buying an additional 2,204 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $98,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

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.