American Airlines Group (NASDAQ:AAL) Stock Price Up 4.1% – Time to Buy?

American Airlines Group Inc. (NASDAQ:AAL)’s stock price rose 4.1% during mid-day trading on Thursday . The company traded as high as $14.60 and last traded at $14.58. Approximately 4,952,698 shares were traded during trading, a decline of 86% from the average daily volume of 34,227,402 shares. The stock had previously closed at $14.01.

Analyst Upgrades and Downgrades

AAL has been the subject of several recent research reports. Evercore ISI raised their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. TD Cowen lifted their target price on American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, October 25th. BNP Paribas upgraded American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a research note on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.96.

American Airlines Group Trading Up 0.9 %

The firm has a market capitalization of $9.46 billion, a PE ratio of 43.61, a P/E/G ratio of 0.25 and a beta of 1.39. The company has a fifty day moving average price of $12.21 and a two-hundred day moving average price of $11.78.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. American Airlines Group’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS. As a group, equities research analysts predict that American Airlines Group Inc. will post 1.49 earnings per share for the current year.

Hedge Funds Weigh In On American Airlines Group

Institutional investors have recently added to or reduced their stakes in the stock. Primecap Management Co. CA grew its stake in shares of American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after purchasing an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of American Airlines Group by 75.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after purchasing an additional 1,823,928 shares during the period. Point72 DIFC Ltd purchased a new position in American Airlines Group in the 3rd quarter valued at $16,490,000. Connor Clark & Lunn Investment Management Ltd. raised its position in American Airlines Group by 10,997.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock worth $13,118,000 after buying an additional 1,156,540 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of American Airlines Group by 743.1% in the 3rd quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after acquiring an additional 1,098,865 shares during the period. Institutional investors and hedge funds 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.