American Airlines Group (NASDAQ:AAL) Shares Gap Down - Here's Why

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $12.68, but opened at $11.79. American Airlines Group shares last traded at $11.80, with a volume of 62,199,776 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on AAL. Susquehanna lowered their target price on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Sanford C. Bernstein raised their target price on shares of American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. UBS Group raised their target price on shares of American Airlines Group from $9.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, July 7th. The Goldman Sachs Group downgraded shares of American Airlines Group from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $16.00 to $8.00 in a research note on Tuesday, April 8th. Finally, Barclays lifted their price target on shares of American Airlines Group from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, American Airlines Group has a consensus rating of "Moderate Buy" and a consensus target price of $15.89.

American Airlines Group Price Performance

The stock has a 50 day moving average price of $11.53 and a 200-day moving average price of $12.62. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.81 and a beta of 1.36.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, July 24th. The airline reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.16. American Airlines Group had a negative return on equity of 23.75% and a net margin of 1.05%. The company had revenue of $14.39 billion for the quarter, compared to the consensus estimate of $14.27 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The company's revenue for the quarter was up .4% on a year-over-year basis. As a group, research analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Hedge Funds Weigh In On American Airlines Group

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its holdings in shares of American Airlines Group by 0.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 204,485 shares of the airline's stock valued at $2,294,000 after acquiring an additional 848 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of American Airlines Group by 11.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 9,558 shares of the airline's stock valued at $101,000 after acquiring an additional 969 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of American Airlines Group by 3.2% in the 1st quarter. Vident Advisory LLC now owns 32,418 shares of the airline's stock valued at $342,000 after acquiring an additional 1,007 shares during the last quarter. Signaturefd LLC increased its holdings in shares of American Airlines Group by 10.0% in the 1st quarter. Signaturefd LLC now owns 11,289 shares of the airline's stock valued at $119,000 after acquiring an additional 1,030 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in shares of American Airlines Group by 58.0% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 2,839 shares of the airline's stock valued at $30,000 after acquiring an additional 1,042 shares during the last quarter. Institutional investors and hedge funds 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.