American Airlines Group (NASDAQ:AAL) Reaches New 1-Year Low at $10.26

American Airlines Group Inc. (NASDAQ:AAL) hit a new 52-week low on Wednesday . The company traded as low as $10.26 and last traded at $10.29, with a volume of 11405503 shares changing hands. The stock had previously closed at $10.48.

Analyst Ratings Changes

AAL has been the subject of a number of research analyst reports. Susquehanna cut their price target on shares of American Airlines Group from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Morgan Stanley reduced their price objective on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, June 3rd. JPMorgan Chase & Co. reduced their price objective on shares of American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Barclays reduced their price objective on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. Finally, Sanford C. Bernstein lowered shares of American Airlines Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $18.00 to $12.00 in a research note on Monday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.03.

American Airlines Group Trading Down 3.0 %

The business has a fifty day moving average price of $11.77 and a two-hundred day moving average price of $13.47. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 0.22 and a beta of 1.44.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The firm had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same quarter in the prior year, the company posted $0.05 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts anticipate that American Airlines Group Inc. will post 1.78 EPS for the current year.

Hedge Funds Weigh In On American Airlines Group

Hedge funds have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC acquired a new position in American Airlines Group in the fourth quarter worth approximately $27,000. Beaird Harris Wealth Management LLC grew its holdings in American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares during the last quarter. GoalVest Advisory LLC acquired a new position in American Airlines Group during the first quarter valued at approximately $38,000. Quarry LP acquired a new position in American Airlines Group during the fourth quarter valued at approximately $34,000. Finally, GAMMA Investing LLC acquired a new position in American Airlines Group during the fourth quarter valued at approximately $38,000. 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.