American Airlines Group (AAL) to Release Earnings on Thursday

American Airlines Group (NASDAQ:AALGet Rating) is scheduled to post its quarterly earnings results before the market opens on Thursday, January 26th. Analysts expect American Airlines Group to post earnings of $0.84 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

American Airlines Group Trading Down 0.9 %

NASDAQ:AAL traded down $0.15 during mid-day trading on Tuesday, hitting $16.02. The stock had a trading volume of 21,122,124 shares, compared to its average volume of 35,127,016. The stock has a 50-day simple moving average of $14.15 and a two-hundred day simple moving average of $13.94. The company has a market capitalization of $10.41 billion, a PE ratio of -6.19 and a beta of 1.47. American Airlines Group has a twelve month low of $11.65 and a twelve month high of $21.42.

Insider Activity

In other news, EVP Vasu Raja sold 12,775 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $13.84, for a total transaction of $176,806.00. Following the completion of the transaction, the executive vice president now directly owns 54,381 shares in the company, valued at approximately $752,633.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently made changes to their positions in AAL. Vanguard Group Inc. increased its position in American Airlines Group by 1.7% in the first quarter. Vanguard Group Inc. now owns 69,272,683 shares of the airline’s stock worth $1,264,227,000 after buying an additional 1,126,106 shares during the period. Invesco Ltd. increased its position in American Airlines Group by 23.6% in the first quarter. Invesco Ltd. now owns 7,247,250 shares of the airline’s stock worth $132,261,000 after buying an additional 1,382,569 shares during the period. Charles Schwab Investment Management Inc. increased its position in American Airlines Group by 2.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,857,833 shares of the airline’s stock worth $88,656,000 after buying an additional 128,278 shares during the period. The Manufacturers Life Insurance Company increased its position in American Airlines Group by 502.0% in the first quarter. The Manufacturers Life Insurance Company now owns 2,986,179 shares of the airline’s stock worth $54,498,000 after buying an additional 2,490,121 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in American Airlines Group in the first quarter worth $44,800,000. 54.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AAL has been the topic of a number of research analyst reports. Barclays cut their price objective on shares of American Airlines Group from $17.00 to $14.00 in a report on Wednesday, October 12th. Morgan Stanley cut their target price on shares of American Airlines Group from $22.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, December 5th. StockNews.com started coverage on shares of American Airlines Group in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Citigroup lifted their target price on shares of American Airlines Group to $19.00 in a report on Tuesday, January 17th. Finally, Cowen cut their target price on shares of American Airlines Group to $18.00 in a research note on Thursday, October 27th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, American Airlines Group currently has an average rating of “Hold” and a consensus price target of $17.50.

American Airlines Group Company Profile

(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

Earnings History for American Airlines Group (NASDAQ:AAL)

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