By otakuyassine3@gmail.com 
Melius upgraded shares of American Airlines Group (NASDAQ:AAL – Free Report) from a hold rating to a buy rating in a research note published on Monday morning, MarketBeat.com reports. Melius currently has $23.00 price objective on the airline’s stock.
A number of other research firms have also recently commented on AAL. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research report on Friday, November 15th. Citigroup upped their target price on shares of American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday, December 5th. Finally, Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.10.
Read Our Latest Analysis on American Airlines Group
American Airlines Group Price Performance
NASDAQ:AAL opened at $17.60 on Monday. The firm’s 50-day moving average price is $15.62 and its 200-day moving average price is $12.63. The company has a market capitalization of $11.57 billion, a PE ratio of 53.33, a P/E/G ratio of 0.29 and a beta of 1.35. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $18.20.
American Airlines Group (NASDAQ:AAL – Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter in the prior year, the company earned $0.38 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that American Airlines Group will post 1.62 EPS for the current fiscal year.
Insider Buying and Selling at American Airlines Group
In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s 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 completion of the sale, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.49% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in AAL. Blue Trust Inc. increased its holdings in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of American Airlines Group in the second quarter worth approximately $36,000. Point72 Hong Kong Ltd bought a new position in shares of American Airlines Group in the third quarter worth approximately $55,000. KBC Group NV increased its stake in shares of American Airlines Group by 55.8% in the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock worth $69,000 after purchasing an additional 2,204 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of American Airlines Group by 44.3% during the 3rd quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock valued at $112,000 after purchasing an additional 3,047 shares during the period. 52.44% of the stock is owned by hedge funds and other institutional investors.
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.
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