American Airlines Group (NASDAQ:AAL) Shares Gap Down – Should You Sell?

American Airlines Group Inc. (NASDAQ:AAL)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $18.66, but opened at $17.30. American Airlines Group shares last traded at $17.03, with a volume of 31,415,288 shares changing hands.

Analysts Set New Price Targets

AAL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $14.00 to $24.00 in a report on Tuesday, December 10th. Susquehanna increased their price objective on American Airlines Group from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. TD Cowen raised shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $17.00 to $25.00 in a research report on Monday, January 6th. Finally, Evercore ISI raised their price target on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 9th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.99.

American Airlines Group Trading Down 0.4 %

The firm has a 50-day moving average of $16.71 and a two-hundred day moving average of $13.23. The firm has a market capitalization of $11.14 billion, a P/E ratio of 51.40, a P/E/G ratio of 0.97 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. On average, sell-side analysts anticipate that American Airlines Group Inc. will post 1.73 EPS for the current fiscal year.

Insider Activity

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Airlines Group

Hedge funds have recently modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of American Airlines Group by 2.8% in the second quarter. American Century Companies Inc. now owns 54,178 shares of the airline’s stock worth $614,000 after acquiring an additional 1,468 shares during the period. Envestnet Asset Management Inc. raised its holdings in American Airlines Group by 1,432.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock worth $6,768,000 after purchasing an additional 558,384 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after purchasing an additional 1,823,928 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of American Airlines Group by 90.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 48,605 shares of the airline’s stock worth $551,000 after buying an additional 23,091 shares during the period. Finally, Blair William & Co. IL raised its stake in American Airlines Group by 34.3% during the second quarter. Blair William & Co. IL now owns 18,521 shares of the airline’s stock worth $210,000 after buying an additional 4,735 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

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.