American Airlines Group (NASDAQ:AAL) Upgraded at Redburn Atlantic

Redburn Atlantic upgraded shares of American Airlines Group (NASDAQ:AAL) from a neutral rating to a buy rating in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage currently has $24.00 target price on the airline’s stock, up from their previous target price of $18.00.

Several other brokerages have also issued reports on AAL. TD Cowen raised shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their target price for the company from $17.00 to $25.00 in a research note on Monday, January 6th. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. StockNews.com raised shares of American Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday, January 6th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.40.

American Airlines Group Stock Down 1.2 %

Shares of NASDAQ:AAL opened at $14.36 on Wednesday. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $19.10. The company’s 50-day moving average price is $16.99 and its two-hundred day moving average price is $14.21. The firm has a market cap of $9.44 billion, a P/E ratio of 12.59, a P/E/G ratio of 0.21 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping 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%. As a group, equities analysts predict that American Airlines Group will post 2.42 earnings per share for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On American Airlines Group

A number of institutional investors have recently added to or reduced their stakes in AAL. Blue Trust Inc. boosted its position in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares during the period. Sequoia Financial Advisors LLC bought a new position in American Airlines Group during the third quarter worth $114,000. Allworth Financial LP boosted its position in American Airlines Group by 31.8% during the third quarter. Allworth Financial LP now owns 45,796 shares of the airline’s stock worth $515,000 after purchasing an additional 11,050 shares during the period. Louisiana State Employees Retirement System boosted its position in American Airlines Group by 390.6% during the third quarter. Louisiana State Employees Retirement System now owns 182,000 shares of the airline’s stock worth $2,046,000 after purchasing an additional 144,900 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in American Airlines Group by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 76,169 shares of the airline’s stock worth $856,000 after purchasing an additional 5,175 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

About American Airlines Group

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.