American Airlines Group (NASDAQ:AAL) Upgraded to Buy at Redburn Partners

American Airlines Group (NASDAQ:AAL) was upgraded by Redburn Partners from a “neutral” rating to a “buy” rating in a report released on Wednesday, Stock Target Advisor reports. The brokerage presently has a $24.00 price objective on the airline’s stock. Redburn Partners’ target price points to a potential upside of 58.10% from the stock’s previous close.

A number of other equities research analysts have also issued reports on AAL. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $12.00 to $20.00 in a report on Monday, January 6th. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Barclays raised their price target on American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Raymond James restated an “outperform” rating and issued a $23.00 price objective (down from $24.00) on shares of American Airlines Group in a report on Friday, January 24th. Finally, Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.00 to $24.00 in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, American Airlines Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.40.

American Airlines Group Stock Performance

AAL traded up $0.05 during trading on Wednesday, reaching $15.18. The stock had a trading volume of 43,134,087 shares, compared to its average volume of 33,461,059. The business has a 50-day moving average of $17.05 and a 200-day moving average of $14.20. American Airlines Group has a one year low of $9.07 and a one year high of $19.10. The stock has a market cap of $9.98 billion, a PE ratio of 13.32, a PEG ratio of 0.21 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Equities research analysts forecast that American Airlines Group will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new position in shares of American Airlines Group during the fourth quarter worth approximately $25,000. Brooklyn Investment Group lifted its holdings in shares of American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after buying an additional 909 shares during the period. Blue Trust Inc. grew its position in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares in the last quarter. Elequin Capital LP raised its holdings in shares of American Airlines Group by 208.5% in the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after acquiring an additional 1,182 shares in the last quarter. Finally, Bfsg LLC lifted its stake in American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after acquiring an additional 1,500 shares during the period. 52.44% of the stock is currently owned by institutional investors.

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.