American Airlines Group (NASDAQ:AAL) Downgraded to Sell Rating by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of American Airlines Group (NASDAQ:AAL) from a neutral rating to a sell rating in a research report sent to investors on Tuesday, Marketbeat.com reports. The brokerage currently has $8.00 price target on the airline’s stock, down from their previous price target of $16.00.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Susquehanna reduced their price objective on American Airlines Group from $18.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday. UBS Group lowered their target price on American Airlines Group from $13.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Barclays reduced their price target on American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, American Airlines Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.95.

American Airlines Group Stock Performance

American Airlines Group stock opened at $9.51 on Tuesday. The company’s 50 day simple moving average is $13.00 and its 200-day simple moving average is $14.37. American Airlines Group has a 1 year low of $8.50 and a 1 year high of $19.10. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. Equities analysts expect that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Buying and Selling at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

A number of institutional investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new position in shares of American Airlines Group during the 4th quarter worth approximately $25,000. Brooklyn Investment Group increased its position in shares of American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after acquiring an additional 909 shares in the last quarter. Elequin Capital LP raised its stake in shares of American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after acquiring an additional 1,182 shares during the period. Bfsg LLC lifted its holdings in shares of American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in American Airlines Group during the 4th quarter worth $42,000. Hedge funds and other institutional investors 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.