BidaskClub Downgrades American Airlines Group, Inc. (AAL) to Sell

American Airlines Group, Inc. (NASDAQ:AAL) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

AAL has been the topic of several other reports. Morgan Stanley cut their target price on American Airlines Group from $52.00 to $51.00 and set an “equal weight” rating on the stock in a report on Friday, September 1st. Zacks Investment Research lowered American Airlines Group from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Citigroup Inc. boosted their target price on American Airlines Group from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Barclays PLC raised American Airlines Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $55.00 to $65.00 in a research report on Friday, September 22nd. Finally, Buckingham Research reissued a “buy” rating on shares of American Airlines Group in a report on Friday, October 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. American Airlines Group has a consensus rating of “Hold” and a consensus price target of $58.47.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.02. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The company had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.88 billion. During the same quarter last year, the business posted $2.80 EPS. American Airlines Group’s revenue for the quarter was up 2.7% on a year-over-year basis.

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In related news, Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction of $162,537.76. Following the transaction, the director now owns 29,938 shares in the company, valued at approximately $1,399,900.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Maya Leibman sold 10,000 shares of American Airlines Group stock in a transaction on Friday, August 11th. The shares were sold at an average price of $47.97, for a total transaction of $479,700.00. Following the transaction, the executive vice president now owns 161,476 shares in the company, valued at approximately $7,746,003.72. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MCF Advisors LLC bought a new stake in American Airlines Group in the 2nd quarter valued at $106,000. Westside Investment Management Inc. increased its holdings in American Airlines Group by 3.5% in the 2nd quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after acquiring an additional 72 shares during the last quarter. First Manhattan Co. increased its holdings in American Airlines Group by 3.3% in the 2nd quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after acquiring an additional 75 shares during the last quarter. WFG Advisors LP increased its holdings in American Airlines Group by 28.1% in the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after acquiring an additional 519 shares during the last quarter. Finally, D. Scott Neal Inc. bought a new stake in American Airlines Group in the 2nd quarter valued at $120,000. Institutional investors own 82.68% of the company’s stock.

American Airlines Group Company Profile

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.

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