American Airlines Group (NASDAQ:AAL) was upgraded by research analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, The Fly reports.
Several other research analysts also recently commented on the company. JPMorgan Chase & Co. raised American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price objective for the company in a research note on Wednesday, November 1st. Cowen increased their price objective on American Airlines Group from $55.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday, October 10th. BidaskClub raised American Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Buckingham Research reissued a “buy” rating on shares of American Airlines Group in a research note on Friday, October 27th. Finally, Zacks Investment Research raised American Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $60.97.
American Airlines Group (NASDAQ AAL) opened at $52.59 on Wednesday. American Airlines Group has a 52 week low of $39.21 and a 52 week high of $59.08. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 5.73. The company has a market capitalization of $25,207.33, a price-to-earnings ratio of 13.45, a P/E/G ratio of 1.15 and a beta of 0.99.
In other news, Director Alberto Ibarguen sold 4,229 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $47.60, for a total transaction of $201,300.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO W Douglas Parker sold 224,572 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total value of $11,749,607.04. Following the transaction, the chief executive officer now owns 1,925,242 shares of the company’s stock, valued at $100,728,661.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 271,463 shares of company stock valued at $14,202,001. 0.69% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. grew its holdings in shares of American Airlines Group by 3.5% during the 2nd quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after purchasing an additional 72 shares during the period. WFG Advisors LP grew its holdings in shares of American Airlines Group by 28.1% during the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock worth $119,000 after purchasing an additional 519 shares during the period. IHT Wealth Management LLC grew its holdings in shares of American Airlines Group by 516.8% during the 2nd quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock worth $126,000 after purchasing an additional 2,000 shares during the period. Exane Derivatives grew its holdings in shares of American Airlines Group by 416.3% during the 3rd quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock worth $123,000 after purchasing an additional 2,090 shares during the period. Finally, Blue Granite Capital LLC purchased a new position in shares of American Airlines Group during the 3rd quarter worth $131,000. Institutional investors and hedge funds own 81.29% of the company’s stock.
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About American Airlines Group
American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.