American Airlines Group (NASDAQ:AAL) Stock Price Breaks Above 50 Day Moving Average – Time to Sell?

American Airlines Group Inc. (NASDAQ:AAL) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $12.94 and traded as high as $13.40. American Airlines Group shares last traded at $13.08, with a volume of 84,039,310 shares changing hands.

Wall Street Analysts Forecast Growth

AAL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on American Airlines Group from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Sanford C. Bernstein set a $19.00 price objective on shares of American Airlines Group in a research note on Tuesday, October 20th. Melius Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $15.00 to $19.00 in a research report on Tuesday, July 7th. Wall Street Zen lowered shares of American Airlines Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 10th. Finally, Freedom Broker reduced their price target on shares of American Airlines Group from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.28.

American Airlines Group Stock Performance

The business has a 50 day moving average of $12.94 and a two-hundred day moving average of $13.55. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of -17.92 and a beta of 1.37.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 22nd. The airline reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.08. The firm had revenue of $16.34 billion during the quarter, compared to analysts’ expectations of $16.21 billion. American Airlines Group had a negative return on equity of 9.11% and a negative net margin of 0.79%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.17) earnings per share. On average, equities analysts predict that American Airlines Group Inc. will post -1.29 EPS for the current fiscal year.

Institutional Trading of American Airlines Group

Several hedge funds have recently bought and sold shares of AAL. International Assets Investment Management LLC acquired a new position in American Airlines Group during the third quarter worth $143,000. Heritage Family Offices LLP acquired a new position in shares of American Airlines Group during the third quarter valued at about $65,000. Kestra Advisory Services LLC grew its holdings in shares of American Airlines Group by 25.4% during the third quarter. Kestra Advisory Services LLC now owns 27,688 shares of the airline’s stock valued at $370,000 after buying an additional 5,605 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of American Airlines Group by 122.8% during the third quarter. Chicago Partners Investment Group LLC now owns 30,924 shares of the airline’s stock worth $374,000 after acquiring an additional 17,047 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of American Airlines Group during the third quarter worth about $1,172,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

About American Airlines Group

American Airlines Group Inc is a holding company whose principal subsidiary, American Airlines, provides scheduled passenger air transportation and air cargo services. The company operates a large mainline network under the American Airlines brand and offers regional service through carriers operating as American Eagle. Its services include domestic and international flights, connecting passengers through a network of hubs and focus cities.

American Airlines serves destinations throughout the United States, as well as markets in Canada, Mexico, the Caribbean, Central and South America, Europe, Asia and other international regions.