American Airlines Group Inc. (NASDAQ:AALGet Free Report) EVP Vasu Raja sold 5,298 shares of American Airlines Group stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $12.23, for a total transaction of $64,794.54. Following the sale, the executive vice president now owns 339,170 shares in the company, valued at approximately $4,148,049.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

American Airlines Group Stock Performance

NASDAQ AAL traded up $0.11 on Monday, hitting $12.40. 23,879,042 shares of the stock were exchanged, compared to its average volume of 27,167,244. The firm has a market capitalization of $8.10 billion, a P/E ratio of 5.62, a P/E/G ratio of 0.10 and a beta of 1.58. American Airlines Group Inc. has a 52-week low of $10.86 and a 52-week high of $19.08. The stock has a fifty day moving average price of $12.23 and a two-hundred day moving average price of $14.56.

American Airlines Group (NASDAQ:AALGet Free Report) last issued its earnings results on Thursday, October 19th. The airline reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. The firm had revenue of $13.48 billion during the quarter, compared to analyst estimates of $13.51 billion. American Airlines Group had a net margin of 3.04% and a negative return on equity of 47.30%. The business’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. Sell-side analysts expect that American Airlines Group Inc. will post 2.39 earnings per share for the current fiscal year.

Institutional Trading of American Airlines Group

Want More Great Investing Ideas?

Large investors have recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich lifted its stake in American Airlines Group by 98,063.6% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 96,300,495 shares of the airline’s stock worth $1,727,631,000 after acquiring an additional 96,202,393 shares during the period. Renaissance Technologies LLC lifted its stake in American Airlines Group by 69.9% in the first quarter. Renaissance Technologies LLC now owns 15,722,532 shares of the airline’s stock worth $231,907,000 after acquiring an additional 6,471,132 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in American Airlines Group in the third quarter worth about $59,411,000. Invesco Ltd. lifted its stake in American Airlines Group by 28.3% in the third quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock worth $155,249,000 after acquiring an additional 2,672,793 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in American Airlines Group by 502.0% in the first quarter. The Manufacturers Life Insurance Company now owns 2,986,179 shares of the airline’s stock worth $54,498,000 after acquiring an additional 2,490,121 shares during the period. 58.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on AAL. Jefferies Financial Group reduced their price objective on shares of American Airlines Group from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Friday, September 29th. Morgan Stanley reiterated an “equal weight” rating and set a $20.00 price objective on shares of American Airlines Group in a research report on Tuesday, July 25th. StockNews.com initiated coverage on shares of American Airlines Group in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. BNP Paribas cut shares of American Airlines Group from an “outperform” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research report on Friday, November 10th. Finally, TD Cowen reduced their price target on shares of American Airlines Group from $16.00 to $10.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, American Airlines Group has an average rating of “Hold” and a consensus price target of $17.64.

Get Our Latest Report on American Airlines Group

American Airlines Group Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for American Airlines Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for American Airlines Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *