American Airlines Group (AAL) Scheduled to Post Earnings on Thursday

American Airlines Group (NASDAQ:AAL – Get Rating) will release its earnings data before the market opens on Thursday, January 26th. Analysts expect American Airlines Group to post earnings of $0.84 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

American Airlines Group Stock Performance

Shares of NASDAQ AAL traded down $0.15 during mid-day trading on Tuesday, reaching $16.02. The company’s stock had a trading volume of 21,122,124 shares, compared to its average volume of 35,127,016. The stock has a 50-day moving average of $14.15 and a two-hundred day moving average of $13.94. The stock has a market capitalization of $10.41 billion, a P/E ratio of -6.19 and a beta of 1.47. American Airlines Group has a 1-year low of $11.65 and a 1-year high of $21.42.

Insider Buying and Selling at American Airlines Group

In other news, EVP Vasu Raja sold 12,775 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $13.84, for a total value of $176,806.00. Following the completion of the transaction, the executive vice president now owns 54,381 shares of the company’s stock, valued at $752,633.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AAL. Raymond James & Associates lifted its stake in American Airlines Group by 12.8% in the first quarter. Raymond James & Associates now owns 143,373 shares of the airline’s stock worth $2,617,000 after acquiring an additional 16,316 shares during the last quarter. American Century Companies Inc. lifted its stake in American Airlines Group by 14.1% in the first quarter. American Century Companies Inc. now owns 27,651 shares of the airline’s stock worth $505,000 after acquiring an additional 3,421 shares during the last quarter. US Bancorp DE lifted its stake in American Airlines Group by 11.0% in the first quarter. US Bancorp DE now owns 20,747 shares of the airline’s stock worth $378,000 after acquiring an additional 2,064 shares during the last quarter. MetLife Investment Management LLC lifted its stake in American Airlines Group by 23.1% in the first quarter. MetLife Investment Management LLC now owns 176,047 shares of the airline’s stock worth $3,213,000 after acquiring an additional 32,986 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in American Airlines Group by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,668 shares of the airline’s stock worth $1,582,000 after acquiring an additional 5,393 shares during the last quarter. Hedge funds and other institutional investors own 54.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AAL. Cowen reduced their target price on shares of American Airlines Group to $18.00 in a research report on Thursday, October 27th. The Goldman Sachs Group started coverage on shares of American Airlines Group in a research report on Friday, December 16th. They set a “neutral” rating and a $13.00 price objective for the company. Bank of America cut their price objective on shares of American Airlines Group from $8.00 to $7.00 and set an “underperform” rating for the company in a research report on Thursday, October 6th. Morgan Stanley cut their price objective on shares of American Airlines Group from $22.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, December 5th. Finally, Barclays cut their price objective on shares of American Airlines Group from $17.00 to $14.00 in a research report on Wednesday, October 12th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.50.

About American Airlines Group

(Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.