American Airlines Group (NASDAQ:AAL) Stock Price Down 7.1% – Here’s Why

by · The Cerbat Gem

American Airlines Group Inc. (NASDAQ:AAL – Get Free Report)’s stock price fell 7.1% during mid-day trading on Tuesday . The company traded as low as $11.61 and last traded at $11.62. 58,684,825 shares were traded during trading, an increase of 50% from the average session volume of 39,111,410 shares. The stock had previously closed at $12.50.

Analyst Ratings Changes

AAL has been the topic of a number of research analyst reports. Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Raymond James restated an “outperform” rating and set a $23.00 price target (down previously from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Bank of America lowered their price objective on American Airlines Group from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, TD Cowen increased their target price on American Airlines Group to $26.00 and gave the company a “buy” rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.37.

Check Out Our Latest Report on American Airlines Group

American Airlines Group Trading Down 2.4 %

The firm’s fifty day simple moving average is $16.20 and its two-hundred day simple moving average is $14.42. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. As a group, analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the transaction, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now owns 112,412 shares of the company’s stock, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of American Airlines Group

Several hedge funds have recently made changes to their positions in AAL. Golden State Wealth Management LLC purchased a new position in American Airlines Group in the fourth quarter valued at $25,000. Brooklyn Investment Group boosted its stake in shares of American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after buying an additional 909 shares during the period. Elequin Capital LP boosted its stake in shares of American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after buying an additional 1,182 shares during the period. Bfsg LLC grew its position in shares of American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after buying an additional 1,500 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of American Airlines Group during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Company Profile

(Get Free Report)

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.

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