American Airlines Group (NASDAQ:AAL) Shares Up 15.7%

American Airlines Group Inc (NASDAQ:AAL) shot up 15.7% on Wednesday . The company traded as high as $14.81 and last traded at $16.10, 3,872,036 shares traded hands during mid-day trading. A decline of 92% from the average session volume of 49,818,680 shares. The stock had previously closed at $13.92.

A number of research firms have recently weighed in on AAL. ValuEngine downgraded shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Cfra decreased their price objective on shares of American Airlines Group from $35.00 to $26.00 and set a “hold” rating for the company in a report on Friday, February 28th. Barclays cut shares of American Airlines Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $44.00 to $20.00 in a report on Wednesday, March 18th. Citigroup cut shares of American Airlines Group from a “neutral” rating to an “underperform” rating in a report on Thursday, March 5th. Finally, BidaskClub upgraded shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Wednesday. Eight analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.79.

The company has a debt-to-equity ratio of 135.16, a current ratio of 0.45 and a quick ratio of 0.35. The stock’s fifty day moving average is $20.88 and its 200-day moving average is $26.42. The stock has a market capitalization of $5.93 billion, a P/E ratio of 4.11, a PEG ratio of 1.51 and a beta of 1.85.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 23rd. The airline reported $1.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.15. American Airlines Group had a net margin of 3.68% and a negative return on equity of 1,414.94%. The company had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $11.32 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, research analysts expect that American Airlines Group Inc will post 1.6 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in AAL. Pictet Asset Management Ltd. boosted its holdings in American Airlines Group by 4.6% during the third quarter. Pictet Asset Management Ltd. now owns 88,501 shares of the airline’s stock valued at $2,387,000 after acquiring an additional 3,900 shares during the period. Phoenix Holdings Ltd. bought a new stake in shares of American Airlines Group in the third quarter valued at about $16,555,000. Parametric Portfolio Associates LLC lifted its stake in shares of American Airlines Group by 2.5% in the third quarter. Parametric Portfolio Associates LLC now owns 2,178,307 shares of the airline’s stock valued at $58,749,000 after buying an additional 53,764 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of American Airlines Group in the third quarter valued at about $835,000. Finally, Quantum Capital Management bought a new stake in shares of American Airlines Group in the third quarter valued at about $26,000. Institutional investors own 83.67% of the company’s stock.

American Airlines Group Company Profile (NASDAQ:AAL)

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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