American Airlines Group, Inc. (NASDAQ:AAL)‘s stock had its “equal weight” rating reiterated by equities researchers at Morgan Stanley in a report released on Monday.
Other analysts also recently issued research reports about the stock. Vetr raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $53.62 target price for the company in a research report on Tuesday, May 23rd. Stifel Nicolaus reissued a “buy” rating on shares of American Airlines Group in a research report on Friday, May 26th. ValuEngine raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of American Airlines Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Atlantic Securities assumed coverage on American Airlines Group in a report on Tuesday, June 20th. They set an “underweight” rating and a $56.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $56.78.
Shares of American Airlines Group (NASDAQ AAL) opened at 45.31 on Monday. The stock’s 50 day moving average is $46.77 and its 200 day moving average is $46.75. American Airlines Group has a 12 month low of $33.90 and a 12 month high of $54.48. The firm has a market cap of $22.07 billion, a PE ratio of 11.25 and a beta of 0.98.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.05. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The company had revenue of $11.11 billion during the quarter, compared to the consensus estimate of $11.08 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Analysts forecast that American Airlines Group will post $4.86 EPS for the current fiscal year.
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In other news, Director Ray M. Robinson sold 3,476 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the sale, the director now directly owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $47.97, for a total value of $479,700.00. Following the sale, the executive vice president now directly owns 161,476 shares of the company’s stock, valued at $7,746,003.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,476 shares of company stock worth $3,159,738. Company insiders own 0.69% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas increased its holdings in American Airlines Group by 9.2% in the 1st quarter. Teacher Retirement System of Texas now owns 323,344 shares of the airline’s stock worth $13,677,000 after acquiring an additional 27,340 shares during the last quarter. State of Tennessee Treasury Department increased its holdings in American Airlines Group by 33.5% in the 2nd quarter. State of Tennessee Treasury Department now owns 183,936 shares of the airline’s stock worth $9,256,000 after acquiring an additional 46,114 shares during the last quarter. Allen Investment Management LLC increased its holdings in American Airlines Group by 65.3% in the 2nd quarter. Allen Investment Management LLC now owns 37,455 shares of the airline’s stock worth $1,885,000 after acquiring an additional 14,797 shares during the last quarter. Gendell Jeffrey L increased its holdings in American Airlines Group by 47.7% in the 1st quarter. Gendell Jeffrey L now owns 1,033,753 shares of the airline’s stock worth $43,728,000 after acquiring an additional 334,053 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its holdings in American Airlines Group by 519.7% in the 1st quarter. Great Lakes Advisors LLC now owns 55,422 shares of the airline’s stock worth $2,344,000 after acquiring an additional 46,478 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.
About American Airlines Group
American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.
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