American Airlines Group (NASDAQ:AAL) Shares Gap Down – Here’s What Happened

American Airlines Group Inc. (NASDAQ:AAL) shares gapped down before the market opened on Tuesday . The stock had previously closed at $10.55, but opened at $10.30. American Airlines Group shares last traded at $10.04, with a volume of 8,396,365 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AAL shares. StockNews.com downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Monday, January 6th. Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. Raymond James lowered their target price on shares of American Airlines Group from $23.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Bank of America reduced their price target on shares of American Airlines Group from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $18.50.

American Airlines Group Trading Up 2.8 %

The company has a fifty day moving average price of $14.15 and a 200-day moving average price of $14.46. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating 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%. As a group, research analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 111 Capital purchased a new position in American Airlines Group in the 4th quarter valued at approximately $1,037,000. Wealth Enhancement Advisory Services LLC grew its holdings in American Airlines Group by 11.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,470 shares of the airline’s stock valued at $897,000 after purchasing an additional 5,152 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of American Airlines Group in the fourth quarter valued at $42,000. Heck Capital Advisors LLC acquired a new position in shares of American Airlines Group during the 4th quarter worth $98,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of American Airlines Group in the 4th quarter worth about $8,009,000. Institutional investors and hedge funds 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.