American Airlines Group (NASDAQ:AAL) Shares Down 3.1% Following Weak Earnings

American Airlines Group Inc. (NASDAQ:AAL)’s stock price traded down 3.1% during trading on Friday following a dissappointing earnings announcement. The company traded as low as $13.66 and last traded at $13.69. 5,199,219 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 34,170,055 shares. The stock had previously closed at $14.13.

The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The company had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same period last year, the business earned $0.05 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AAL shares. Seaport Res Ptn upgraded American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, January 11th. Evercore ISI reiterated a “hold” rating and set a $17.00 target price on shares of American Airlines Group in a research note on Monday, January 29th. Citigroup reiterated a “buy” rating and set a $20.00 target price on shares of American Airlines Group in a research note on Thursday, March 14th. Finally, TD Cowen upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $14.00 to $21.00 in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, American Airlines Group has a consensus rating of “Hold” and a consensus price target of $17.53.

Institutional Trading of American Airlines Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new stake in American Airlines Group in the fourth quarter valued at approximately $27,000. Gables Capital Management Inc. lifted its position in American Airlines Group by 100.0% in the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock valued at $26,000 after purchasing an additional 1,000 shares during the last quarter. GoalVest Advisory LLC bought a new stake in American Airlines Group in the first quarter valued at approximately $38,000. Quarry LP bought a new stake in American Airlines Group in the fourth quarter valued at approximately $34,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in American Airlines Group in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Down 2.9 %

The company has a 50-day simple moving average of $14.47 and a two-hundred day simple moving average of $13.61. The stock has a market cap of $8.98 billion, a P/E ratio of 12.85, a P/E/G ratio of 0.11 and a beta of 1.57.

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.