American Airlines Group (NASDAQ:AAL) Shares Gap Down – Time to Sell?

American Airlines Group Inc. (NASDAQ:AAL)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $10.55, but opened at $10.30. American Airlines Group shares last traded at $10.04, with a volume of 8,396,365 shares.

Analysts Set New Price Targets

Several analysts have issued reports on AAL shares. Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. Raymond James reissued an “outperform” rating and set a $23.00 target price (down from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Citigroup reduced their price objective on American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Melius upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Monday, January 6th. Finally, Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, December 5th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.90.

American Airlines Group Price Performance

The firm has a market capitalization of $6.76 billion, a P/E ratio of 9.01, a PEG ratio of 0.21 and a beta of 1.27. The company’s 50 day moving average price is $14.48 and its 200 day moving average price is $14.49.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating the consensus estimate 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%. On average, research analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now owns 112,412 shares of the company’s stock, valued at $1,927,865.80. This represents a 31.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

Several hedge funds have recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. raised its position in shares of American Airlines Group by 4.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline’s stock valued at $257,000 after acquiring an additional 635 shares during the period. Oregon Public Employees Retirement Fund increased its stake in American Airlines Group by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline’s stock valued at $2,332,000 after purchasing an additional 774 shares in the last quarter. M&T Bank Corp raised its holdings in American Airlines Group by 2.4% in the fourth quarter. M&T Bank Corp now owns 34,525 shares of the airline’s stock worth $602,000 after purchasing an additional 794 shares during the period. Brooklyn Investment Group boosted its position in shares of American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of American Airlines Group by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock valued at $348,000 after buying an additional 981 shares in the last quarter. Institutional investors and hedge funds 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.