American Airlines Group Inc (NASDAQ:AAL) fell 7.3% during trading on Monday . The stock traded as low as $27.70 and last traded at $27.77, 15,348,482 shares were traded during mid-day trading. An increase of 117% from the average session volume of 7,062,630 shares. The stock had previously closed at $29.95.

Several research firms have recently commented on AAL. Credit Suisse Group downgraded American Airlines Group from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $32.00 to $30.00 in a research note on Monday, July 8th. Citigroup set a $54.00 target price on American Airlines Group and gave the stock a “buy” rating in a research report on Friday, July 26th. Buckingham Research cut their target price on American Airlines Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Barclays cut their target price on American Airlines Group from $60.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday, May 20th. Finally, Berenberg Bank started coverage on American Airlines Group in a research report on Friday, September 6th. They set a “buy” rating and a $35.00 target price for the company. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $40.76.

The firm has a 50-day moving average of $27.70 and a 200-day moving average of $31.21. The stock has a market cap of $12.37 billion, a PE ratio of 6.10, a PEG ratio of 0.37 and a beta of 1.72.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, July 25th. The airline reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.05. The business had revenue of $11.96 billion during the quarter, compared to analysts’ expectations of $11.98 billion. American Airlines Group had a negative return on equity of 588.10% and a net margin of 3.35%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. On average, sell-side analysts expect that American Airlines Group Inc will post 4.9 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.44%. The ex-dividend date was Tuesday, August 6th. American Airlines Group’s dividend payout ratio is presently 8.79%.

In other news, President Robert D. Isom, Jr. purchased 2,500 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was acquired at an average price of $26.34 per share, for a total transaction of $65,850.00. Following the acquisition, the president now directly owns 771,271 shares of the company’s stock, valued at approximately $20,315,278.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray M. Robinson sold 6,930 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $29.11, for a total value of $201,732.30. Following the transaction, the director now owns 29,754 shares of the company’s stock, valued at approximately $866,138.94. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in shares of American Airlines Group by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 5,530,993 shares of the airline’s stock valued at $177,362,000 after purchasing an additional 366,191 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of American Airlines Group by 5.0% in the 1st quarter. Janus Henderson Group PLC now owns 25,615 shares of the airline’s stock valued at $814,000 after purchasing an additional 1,230 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of American Airlines Group by 46.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 13,066 shares of the airline’s stock valued at $416,000 after purchasing an additional 4,141 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of American Airlines Group by 3.8% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,822 shares of the airline’s stock valued at $503,000 after purchasing an additional 585 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its stake in shares of American Airlines Group by 4.3% in the 1st quarter. First Allied Advisory Services Inc. now owns 12,582 shares of the airline’s stock valued at $404,000 after purchasing an additional 522 shares during the last quarter. Institutional investors and hedge funds own 79.07% of the company’s stock.

About American Airlines Group (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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