American Airlines Group (NASDAQ:AAL) Trading 5.1% Higher

American Airlines Group Inc. (NASDAQ:AAL) traded up 5.1% during mid-day trading on Thursday . The company traded as high as $19.46 and last traded at $19.44. 996,359 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 30,582,368 shares. The stock had previously closed at $18.50.

A number of analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $23.00 to $21.00 in a report on Tuesday. The Goldman Sachs Group downgraded shares of American Airlines Group from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $19.00 to $18.00 in a report on Wednesday, October 6th. Zacks Investment Research downgraded shares of American Airlines Group from a “hold” rating to a “sell” rating and set a $19.00 target price on the stock. in a report on Wednesday, December 22nd. Finally, Citigroup lowered their target price on shares of American Airlines Group from $21.50 to $20.50 and set a “neutral” rating on the stock in a report on Tuesday, October 26th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.77.

The stock’s 50-day simple moving average is $18.64 and its 200 day simple moving average is $19.68. The stock has a market capitalization of $11.97 billion, a P/E ratio of -3.36 and a beta of 1.66.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Wednesday, October 20th. The airline reported ($0.99) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.04) by $0.05. The company had revenue of $9 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same period last year, the firm earned ($5.54) earnings per share. The company’s revenue for the quarter was up 183.6% compared to the same quarter last year. Equities analysts anticipate that American Airlines Group Inc. will post -8.59 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of AAL. Ovata Capital Management Ltd acquired a new position in American Airlines Group in the third quarter valued at about $8,512,000. Renaissance Technologies LLC acquired a new position in American Airlines Group in the third quarter valued at about $106,947,000. Allianz Asset Management GmbH acquired a new position in American Airlines Group in the third quarter valued at about $96,313,000. Parametric Portfolio Associates LLC raised its stake in American Airlines Group by 107.6% in the second quarter. Parametric Portfolio Associates LLC now owns 3,908,562 shares of the airline’s stock valued at $82,901,000 after purchasing an additional 2,026,013 shares in the last quarter. Finally, U S Global Investors Inc. raised its stake in American Airlines Group by 12.3% in the third quarter. U S Global Investors Inc. now owns 18,300,657 shares of the airline’s stock valued at $375,529,000 after purchasing an additional 1,999,652 shares in the last quarter. 56.31% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Company Profile (NASDAQ:AAL)

American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific.

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