American Airlines Group (NASDAQ:AAL) Shares Gap Up to $13.03

American Airlines Group Inc. (NASDAQ:AAL) gapped up prior to trading on Wednesday . The stock had previously closed at $13.03, but opened at $13.45. American Airlines Group shares last traded at $13.61, with a volume of 6,461,979 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AAL. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, January 11th. Sanford C. Bernstein lifted their target price on shares of American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Evercore ISI reaffirmed a “hold” rating and issued a $17.00 target price on shares of American Airlines Group in a research report on Monday, January 29th. JPMorgan Chase & Co. lifted their target price on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, Wolfe Research raised shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, American Airlines Group has a consensus rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Stock Performance

The company has a market cap of $8.89 billion, a P/E ratio of 11.85, a P/E/G ratio of 0.11 and a beta of 1.57. The firm’s fifty day moving average is $14.62 and its two-hundred day moving average is $13.56.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.18. The company had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $13.01 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. American Airlines Group’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. On average, equities research analysts expect that American Airlines Group Inc. will post 2.45 EPS for the current year.

Institutional Trading of American Airlines Group

Hedge funds have recently bought and sold shares of the stock. Empirical Finance LLC raised its position in American Airlines Group by 13.2% in the 3rd quarter. Empirical Finance LLC now owns 21,159 shares of the airline’s stock worth $271,000 after purchasing an additional 2,462 shares during the period. Oak Thistle LLC purchased a new stake in American Airlines Group in the 4th quarter worth about $1,171,000. Assenagon Asset Management S.A. raised its position in American Airlines Group by 7,871.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock worth $24,211,000 after purchasing an additional 1,739,977 shares during the period. Compagnie Lombard Odier SCmA grew its stake in American Airlines Group by 15.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 38,500 shares of the airline’s stock worth $529,000 after acquiring an additional 5,067 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in American Airlines Group by 1,291.7% in the 4th quarter. International Assets Investment Management LLC now owns 215,372 shares of the airline’s stock worth $29,590,000 after acquiring an additional 199,897 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Company Profile

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.