American Airlines Group (NASDAQ:AAL) Stock Price Up 4.1% – Still a Buy?

American Airlines Group Inc. (NASDAQ:AAL) shares traded up 4.1% during mid-day trading on Thursday . The stock traded as high as $14.60 and last traded at $14.58. Approximately 4,952,698 shares were traded during trading, a decline of 86% from the average daily volume of 34,227,402 shares. The stock had previously closed at $14.01.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. Bank of America lifted their price target on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Evercore ISI increased their price objective on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. BNP Paribas raised American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Finally, Evercore cut their price target on shares of American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.96.

American Airlines Group Price Performance

The stock has a market capitalization of $9.46 billion, a PE ratio of 43.61, a P/E/G ratio of 0.25 and a beta of 1.39. The company’s 50 day moving average price is $12.21 and its two-hundred day moving average price is $11.78.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. Analysts forecast that American Airlines Group Inc. will post 1.49 earnings per share for the current year.

Institutional Trading of American Airlines Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Primecap Management Co. CA lifted its stake in shares of American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after purchasing an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after buying an additional 1,823,928 shares during the last quarter. Point72 DIFC Ltd purchased a new position in American Airlines Group during the third quarter worth about $16,490,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of American Airlines Group by 10,997.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock valued at $13,118,000 after acquiring an additional 1,156,540 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of American Airlines Group by 743.1% during the 3rd quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after purchasing an additional 1,098,865 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

About American Airlines Group

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.