American Airlines Group (NASDAQ:AAL) Trading Down 4.5%

Shares of American Airlines Group Inc. (NASDAQ:AAL) dropped 4.5% on Wednesday . The stock traded as low as $10.49 and last traded at $10.49. Approximately 27,408,484 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 33,966,188 shares. The stock had previously closed at $10.99.

Analyst Ratings Changes

Several equities research analysts recently commented on AAL shares. Bank of America decreased their target price on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a research note on Wednesday, May 29th. Evercore ISI cut their price target on shares of American Airlines Group to $10.00 and set a “hold” rating on the stock in a report on Friday, July 26th. TD Securities decreased their price objective on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. Finally, Jefferies Financial Group lowered shares of American Airlines Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $17.00 to $12.00 in a research note on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $13.73.

American Airlines Group Stock Performance

The stock has a market capitalization of $7.07 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 0.23 and a beta of 1.43. The business’s 50-day moving average price is $10.43 and its 200 day moving average price is $12.44.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The business had revenue of $14.33 billion for the quarter, compared to analyst estimates of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 EPS. As a group, equities research analysts predict that American Airlines Group Inc. will post 0.97 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC bought a new stake in American Airlines Group in the fourth quarter worth $27,000. UMB Bank n.a. lifted its stake in shares of American Airlines Group by 404.3% in the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after acquiring an additional 2,264 shares during the last quarter. Quarry LP purchased a new stake in American Airlines Group during the 4th quarter valued at about $34,000. Beaird Harris Wealth Management LLC grew its position in American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after acquiring an additional 795 shares during the last quarter. Finally, ORG Partners LLC bought a new stake in American Airlines Group in the second quarter valued at approximately $36,000. 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.