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

American Airlines Group Inc. (NASDAQ:AAL)’s stock 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AAL shares. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, January 11th. Seaport Res Ptn raised shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Sanford C. Bernstein boosted their price target on shares of American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Morgan Stanley reissued an “overweight” rating and set a $20.00 price target on shares of American Airlines Group in a research report on Tuesday, March 5th. Finally, Barclays boosted their price target on shares of American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Trading Down 2.2 %

The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 0.12 and a beta of 1.57. The stock’s 50 day moving average is $14.49 and its 200 day moving average is $13.61.

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

Institutional Trading of American Airlines Group

Several large investors have recently made changes to their positions in the company. Ackerman Capital Advisors LLC boosted its position in shares of American Airlines Group by 6.5% during the 1st quarter. Ackerman Capital Advisors LLC now owns 15,661 shares of the airline’s stock worth $240,000 after acquiring an additional 949 shares in the last quarter. Gables Capital Management Inc. lifted its stake in American Airlines Group by 100.0% in the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock valued at $26,000 after purchasing an additional 1,000 shares during the last quarter. Federated Hermes Inc. lifted its stake in American Airlines Group by 32.2% in the 4th quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock valued at $57,000 after purchasing an additional 1,003 shares during the last quarter. Global Retirement Partners LLC lifted its stake in American Airlines Group by 11.0% in the 4th quarter. Global Retirement Partners LLC now owns 10,912 shares of the airline’s stock valued at $144,000 after purchasing an additional 1,078 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of American Airlines Group by 5.2% during the fourth quarter. QRG Capital Management Inc. now owns 21,904 shares of the airline’s stock valued at $301,000 after acquiring an additional 1,084 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

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.