American Airlines Group (NASDAQ:AAL) Shares Gap Down - Should You Sell?

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $10.90, but opened at $10.32. American Airlines Group shares last traded at $10.35, with a volume of 15,939,401 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Jefferies Financial Group reiterated a "hold" rating and set a $12.00 target price (down from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. Wall Street Zen lowered shares of American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. The Goldman Sachs Group downgraded shares of American Airlines Group from a "neutral" rating to a "sell" rating and lowered their target price for the company from $16.00 to $8.00 in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Finally, Sanford C. Bernstein boosted their price objective 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, American Airlines Group has an average rating of "Moderate Buy" and a consensus price target of $15.68.

American Airlines Group Trading Up 5.1%

The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.21 and a beta of 1.39. The firm has a 50-day moving average of $10.73 and a 200 day moving average of $13.65.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping analysts' consensus estimates of ($0.69) by $0.10. The business had revenue of $12.55 billion for the quarter, compared to analysts' expectations of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.34) earnings per share. As a group, research analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.

Institutional Trading of American Airlines Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. boosted its holdings in American Airlines Group by 11.3% in the first quarter. Geneos Wealth Management Inc. now owns 9,558 shares of the airline's stock valued at $101,000 after purchasing an additional 969 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of American Airlines Group during the first quarter worth approximately $8,227,000. Teza Capital Management LLC grew its position in shares of American Airlines Group by 602.6% during the first quarter. Teza Capital Management LLC now owns 75,454 shares of the airline's stock worth $796,000 after buying an additional 64,715 shares in the last quarter. Polar Asset Management Partners Inc. increased its stake in shares of American Airlines Group by 93.0% in the first quarter. Polar Asset Management Partners Inc. now owns 887,038 shares of the airline's stock worth $9,358,000 after buying an additional 427,516 shares during the last quarter. Finally, Nearwater Capital Markets Ltd acquired a new stake in American Airlines Group in the first quarter valued at $29,012,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

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.