American Airlines Group (NASDAQ:AAL) Shares Gap Down to $14.53

American Airlines Group Inc. (NASDAQ:AAL)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $14.53, but opened at $13.96. American Airlines Group shares last traded at $14.25, with a volume of 8,321,960 shares.

Analyst Ratings Changes

A number of brokerages recently issued reports on AAL. Sanford C. Bernstein increased their price objective on American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Wolfe Research raised American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price target for the company in a research note on Monday, January 22nd. Seaport Res Ptn raised American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. UBS Group began coverage on American Airlines Group in a research note on Wednesday, March 20th. They set a “buy” rating and a $19.00 price objective for the company. Finally, TD Cowen raised American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $14.00 to $21.00 in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Stock Down 2.2 %

The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 0.12 and a beta of 1.57. The company’s 50-day simple moving average is $14.49 and its 200 day simple moving average is $13.61.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.18. The company had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business posted $1.17 earnings per share. On average, equities analysts expect that American Airlines Group Inc. will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

Several hedge funds and other institutional investors have recently made changes to their positions in AAL. Jupiter Asset Management Ltd. acquired a new stake in shares of American Airlines Group in the third quarter valued at about $59,411,000. Invesco Ltd. grew its position in American Airlines Group by 28.3% during the third quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock worth $155,249,000 after buying an additional 2,672,793 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in American Airlines Group during the third quarter worth about $28,867,000. Barclays PLC grew its position in American Airlines Group by 191.7% during the third quarter. Barclays PLC now owns 3,333,370 shares of the airline’s stock worth $42,448,000 after buying an additional 2,190,456 shares in the last quarter. Finally, U S Global Investors Inc. grew its position in American Airlines Group by 18.7% during the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after buying an additional 2,001,247 shares in the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Company Profile

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.