American Airlines Group (NASDAQ:AAL) Rating Increased to Buy at Redburn Partners

Redburn Partners upgraded shares of American Airlines Group (NASDAQ:AAL) from a neutral rating to a buy rating in a research note issued to investors on Wednesday morning,Stock Target Advisor reports. They currently have $24.00 price objective on the airline’s stock.

Several other equities analysts have also recently issued reports on the stock. Seaport Res Ptn raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Barclays boosted their price objective on shares of American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $18.00 to $24.00 in a research note on Wednesday. StockNews.com raised shares of American Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. Finally, Sanford C. Bernstein raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $14.00 to $24.00 in a research note on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.40.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $14.36 on Wednesday. The firm’s fifty day simple moving average is $16.99 and its 200-day simple moving average is $14.21. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.21 and a beta of 1.35. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Analysts anticipate that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Buying and Selling

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the company’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 directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of American Airlines Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline’s stock worth $1,097,838,000 after acquiring an additional 953,766 shares during the period. Primecap Management Co. CA lifted its holdings in shares of American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock worth $1,049,734,000 after acquiring an additional 2,886,041 shares during the period. Northern Trust Corp lifted its holdings in shares of American Airlines Group by 22.0% during the 4th quarter. Northern Trust Corp now owns 5,437,904 shares of the airline’s stock worth $94,783,000 after acquiring an additional 980,409 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of American Airlines Group by 21.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline’s stock worth $92,043,000 after acquiring an additional 943,336 shares during the period. Finally, Voloridge Investment Management LLC purchased a new position in shares of American Airlines Group during the 4th quarter worth about $60,190,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

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.