American Airlines Group (NASDAQ:AAL) Shares Gap Down to $13.62

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 $13.62, but opened at $13.24. American Airlines Group shares last traded at $13.24, with a volume of 3,423,524 shares.

Analyst Ratings Changes

Several research analysts have recently issued reports on AAL shares. Seaport Res Ptn upgraded American Airlines Group from a "neutral" rating to a "buy" rating in a research report on Friday, January 26th. Wolfe Research raised American Airlines Group from a "peer perform" rating to an "outperform" rating and set a $17.00 price objective on the stock in a research note on Monday, January 22nd. Sanford C. Bernstein raised their price objective on American Airlines Group from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. raised their price objective on American Airlines Group from $19.00 to $22.00 and gave the stock an "overweight" rating in a research note on Friday, January 26th. Finally, Barclays raised their price objective on American Airlines Group from $13.00 to $14.00 and gave the stock an "underweight" rating in a research note on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $17.53.

American Airlines Group Price Performance

The business has a 50-day moving average of $14.64 and a 200-day moving average of $13.54. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.18. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The business had revenue of $13.06 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter last year, the company posted $1.17 earnings per share. American Airlines Group's quarterly revenue was down 1.0% on a year-over-year basis. As a group, equities analysts anticipate that American Airlines Group Inc. will post 2.53 EPS for the current fiscal year.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. boosted its holdings in shares of American Airlines Group by 3.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 21,594 shares of the airline's stock worth $297,000 after acquiring an additional 761 shares during the period. Franklin Resources Inc. boosted its holdings in shares of American Airlines Group by 6.7% during the second quarter. Franklin Resources Inc. now owns 12,311 shares of the airline's stock worth $156,000 after acquiring an additional 771 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of American Airlines Group by 6.1% during the second quarter. Sunbelt Securities Inc. now owns 14,930 shares of the airline's stock worth $268,000 after acquiring an additional 855 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of American Airlines Group by 3.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 23,952 shares of the airline's stock valued at $307,000 after buying an additional 888 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of American Airlines Group by 38.4% in the first quarter. First Horizon Advisors Inc. now owns 3,331 shares of the airline's stock valued at $49,000 after buying an additional 924 shares in the last quarter. Institutional investors own 52.44% of the company's stock.

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.