American Airlines Group (AAL) Scheduled to Post Quarterly Earnings on Thursday

American Airlines Group (NASDAQ:AAL – Get Rating) is set to release its earnings data before the market opens on Thursday, January 26th. Analysts expect American Airlines Group to post earnings of $0.84 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

American Airlines Group Price Performance

AAL stock opened at $16.02 on Wednesday. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of -6.19 and a beta of 1.47. The business’s fifty day moving average price is $14.15 and its two-hundred day moving average price is $13.94. American Airlines Group has a fifty-two week low of $11.65 and a fifty-two week high of $21.42.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AAL. Cowen reduced their target price on American Airlines Group to $18.00 in a report on Thursday, October 27th. Citigroup increased their target price on American Airlines Group to $19.00 in a report on Tuesday, January 17th. Morgan Stanley reduced their target price on 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. Evercore ISI raised their price objective on American Airlines Group to $17.00 in a research note on Friday, January 13th. Finally, The Goldman Sachs Group initiated coverage on American Airlines Group in a research note on Friday, December 16th. They issued a “neutral” rating and a $13.00 price objective on the stock. Two 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.50.

Insider Transactions at American Airlines Group

In other news, EVP Vasu Raja sold 12,775 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $13.84, for a total value of $176,806.00. Following the transaction, the executive vice president now owns 54,381 shares in the company, valued at approximately $752,633.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Airlines Group

Large investors have recently modified their holdings of the company. Atria Wealth Solutions Inc. acquired a new stake in shares of American Airlines Group during the first quarter worth $369,000. United Services Automobile Association bought a new position in American Airlines Group during the second quarter worth $301,000. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in American Airlines Group by 4.9% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 23,288 shares of the airline’s stock worth $280,000 after acquiring an additional 1,097 shares in the last quarter. IHT Wealth Management LLC boosted its stake in American Airlines Group by 96.7% during the third quarter. IHT Wealth Management LLC now owns 21,667 shares of the airline’s stock worth $261,000 after acquiring an additional 10,650 shares in the last quarter. Finally, Echo Street Capital Management LLC bought a new position in American Airlines Group during the first quarter worth $256,000. 54.84% of the stock is currently owned by institutional investors and hedge funds.

About American Airlines Group

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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.