American Airlines Group (NASDAQ:AAL) Downgraded to “Sell” Rating by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of American Airlines Group (NASDAQ:AAL) from a neutral rating to a sell rating in a research report report published on Tuesday morning, MarketBeat.com reports. They currently have $8.00 price target on the airline’s stock, down from their previous price target of $16.00.

A number of other analysts have also recently issued reports on the company. TD Cowen lifted their price objective on American Airlines Group to $26.00 and gave the company a “buy” rating in a research report on Thursday, March 13th. Redburn Atlantic raised American Airlines Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $18.00 to $24.00 in a research note on Wednesday, February 26th. Citigroup dropped their price objective on American Airlines Group from $21.50 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Bank of America reduced their target price on shares of American Airlines Group from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.95.

American Airlines Group Price Performance

NASDAQ AAL opened at $9.07 on Tuesday. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. The company has a 50 day simple moving average of $13.37 and a 200-day simple moving average of $14.41. American Airlines Group has a 52-week low of $8.50 and a 52-week high of $19.10.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (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%. On average, analysts predict that American Airlines Group will post 2.42 EPS for the current year.

Insider Buying and Selling at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at $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 available through this link. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

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

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.