American Airlines Group (NASDAQ:AAL) Sets New 12-Month Low at $11.87

Shares of American Airlines Group Inc. (NASDAQ:AALGet Rating) reached a new 52-week low on Friday . The stock traded as low as $11.87 and last traded at $11.90, with a volume of 1415051 shares traded. The stock had previously closed at $12.71.

Analysts Set New Price Targets

Several research firms recently issued reports on AAL. Jefferies Financial Group reiterated a “hold” rating and set a $20.00 target price on shares of American Airlines Group in a report on Monday, June 27th. Citigroup dropped their price objective on American Airlines Group from $22.00 to $15.75 in a research note on Monday, July 11th. Barclays dropped their price objective on American Airlines Group from $20.00 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 14th. Evercore ISI dropped their price objective on American Airlines Group from $20.00 to $13.00 and set an “in-line” rating on the stock in a research note on Monday, June 27th. Finally, Susquehanna Bancshares dropped their price objective on American Airlines Group from $19.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 12th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.56.

American Airlines Group Stock Performance

The stock has a 50-day moving average of $14.12 and a 200-day moving average of $15.52.

American Airlines Group (NASDAQ:AALGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The airline reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The company had revenue of $13.42 billion during the quarter, compared to analyst estimates of $13.40 billion. American Airlines Group’s quarterly revenue was up 79.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.69) earnings per share. Analysts forecast that American Airlines Group Inc. will post -0.82 EPS for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of American Airlines Group by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,377,073 shares of the airline’s stock valued at $24,732,000 after purchasing an additional 68,522 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of American Airlines Group by 22.6% in the 4th quarter. Teacher Retirement System of Texas now owns 31,590 shares of the airline’s stock valued at $567,000 after purchasing an additional 5,825 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of American Airlines Group by 78.5% in the 4th quarter. Private Advisor Group LLC now owns 90,043 shares of the airline’s stock valued at $1,617,000 after purchasing an additional 39,601 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of American Airlines Group by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 12,169,912 shares of the airline’s stock valued at $218,247,000 after purchasing an additional 44,225 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of American Airlines Group by 10.0% in the 4th quarter. Invesco Ltd. now owns 5,864,681 shares of the airline’s stock valued at $105,330,000 after purchasing an additional 531,471 shares in the last quarter. Institutional investors and hedge funds own 54.06% of the company’s stock.

About American Airlines Group

(Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

Further Reading

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