American Airlines Group (NASDAQ:AAL) Shares Gap Up to $13.03

American Airlines Group Inc. (NASDAQ:AAL)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $13.03, but opened at $13.45. American Airlines Group shares last traded at $13.61, with a volume of 6,461,979 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Evercore ISI restated a “hold” rating and issued a $17.00 price objective on shares of American Airlines Group in a research report on Monday, January 29th. Citigroup restated a “buy” rating and issued a $20.00 price objective on shares of American Airlines Group in a research report on Thursday, March 14th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, January 11th. Seaport Res Ptn upgraded American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Finally, Sanford C. Bernstein upped their price objective on American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Trading Up 0.9 %

The business has a fifty day simple moving average of $14.56 and a two-hundred day simple moving average of $13.56. The company has a market cap of $9.18 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. The company had revenue of $13.06 billion for the quarter, compared to analyst estimates of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. Equities analysts expect that American Airlines Group Inc. will post 2.45 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in American Airlines Group by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock valued at $1,010,566,000 after purchasing an additional 667,660 shares in the last quarter. Geode Capital Management LLC lifted its holdings in American Airlines Group by 2.4% in the 1st quarter. Geode Capital Management LLC now owns 14,197,531 shares of the airline’s stock valued at $209,161,000 after purchasing an additional 331,613 shares in the last quarter. U S Global Investors Inc. increased its stake in shares of American Airlines Group by 18.7% in the 4th quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after acquiring an additional 2,001,247 shares during the last quarter. Invesco Ltd. increased its stake in shares of American Airlines Group by 28.3% in the 3rd 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 last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of American Airlines Group by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,140,602 shares of the airline’s stock worth $65,388,000 after acquiring an additional 145,382 shares during the last quarter. Hedge funds and other institutional investors 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.