American Airlines Group (NASDAQ:AAL) Trading Down 3.1% After Earnings Miss

American Airlines Group Inc. (NASDAQ:AAL)’s share price dropped 3.1% on Friday following a dissappointing earnings announcement. The company traded as low as $13.66 and last traded at $13.69. Approximately 5,199,219 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 34,170,055 shares. The stock had previously closed at $14.13.

The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The company had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 earnings per share.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAL. UBS Group assumed coverage on shares of American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price target on the stock. Citigroup reiterated a “buy” rating and set a $20.00 price target on shares of American Airlines Group in a research report on Thursday, March 14th. TD Cowen raised American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $14.00 to $21.00 in a report on Friday, January 26th. JPMorgan Chase & Co. upped their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.53.

Institutional Trading of American Airlines Group

A number of large investors have recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC bought a new position in shares of American Airlines Group in the fourth quarter valued at $27,000. Gables Capital Management Inc. grew its holdings in shares of American Airlines Group by 100.0% in the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in shares of American Airlines Group during the first quarter worth $38,000. Quarry LP purchased a new stake in shares of American Airlines Group during the fourth quarter valued at $34,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of American Airlines Group in the 3rd quarter valued at $33,000. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Stock Performance

The stock has a 50 day moving average of $14.46 and a two-hundred day moving average of $13.63. The stock has a market cap of $9.09 billion, a PE ratio of 12.62, a PEG ratio of 0.11 and a beta of 1.57.

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.