BidaskClub downgraded shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a sell rating in a report published on Wednesday.
Other research analysts have also recently issued research reports about the company. Stephens restated a hold rating and issued a $62.00 price target on shares of American Airlines Group in a research report on Thursday, March 29th. Morgan Stanley reiterated an equal weight rating and issued a $59.00 target price (down previously from $60.00) on shares of American Airlines Group in a research report on Friday, February 23rd. Zacks Investment Research upgraded American Airlines Group from a hold rating to a buy rating and set a $56.00 target price on the stock in a research report on Tuesday, February 13th. Sanford C. Bernstein upgraded American Airlines Group from a market perform rating to an outperform rating and lifted their target price for the company from $52.59 to $62.00 in a research report on Wednesday, January 31st. Finally, Imperial Capital reiterated an in-line rating and issued a $53.00 target price (up previously from $47.00) on shares of American Airlines Group in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $61.80.
Shares of NASDAQ AAL opened at $45.40 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of 5.73. American Airlines Group has a 52 week low of $42.01 and a 52 week high of $59.08. The firm has a market capitalization of $22,455.16, a P/E ratio of 9.30, a P/E/G ratio of 0.42 and a beta of 0.96.
In other news, Director Matthew J. Hart sold 35,182 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $51.90, for a total transaction of $1,825,945.80. Following the sale, the director now directly owns 33,258 shares in the company, valued at $1,726,090.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard C. Kraemer sold 3,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $52.71, for a total value of $158,130.00. Following the sale, the director now owns 53,229 shares in the company, valued at $2,805,700.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,844 shares of company stock worth $4,077,040. Company insiders own 0.64% of the company’s stock.
Several institutional investors have recently bought and sold shares of AAL. Gotham Asset Management LLC acquired a new position in shares of American Airlines Group in the fourth quarter worth approximately $27,667,000. Renaissance Technologies LLC acquired a new position in shares of American Airlines Group in the fourth quarter worth approximately $22,042,000. RWC Asset Management LLP lifted its stake in shares of American Airlines Group by 36.8% in the fourth quarter. RWC Asset Management LLP now owns 1,445,910 shares of the airline’s stock worth $75,231,000 after acquiring an additional 388,765 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of American Airlines Group by 83.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 668,078 shares of the airline’s stock worth $34,760,000 after acquiring an additional 302,976 shares during the period. Finally, Quantitative Investment Management LLC acquired a new position in shares of American Airlines Group in the fourth quarter worth approximately $15,718,000. 80.56% of the stock is currently owned by institutional investors.
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About American Airlines Group
American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.
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