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

Shares of American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) gapped up before the market opened 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 changing hands.

Wall Street Analysts Forecast Growth

AAL has been the subject of several recent research reports. UBS Group initiated coverage on shares of American Airlines Group in a research note on Wednesday, March 20th. They set a "buy" rating and a $19.00 target price for the company. Barclays boosted their target price on shares of American Airlines Group from $13.00 to $14.00 and gave the company an "underweight" rating in a research note on Friday, January 26th. Citigroup reiterated a "buy" rating and set a $20.00 target price on shares of American Airlines Group in a research note on Thursday, March 14th. Wolfe Research upgraded shares of American Airlines Group from a "peer perform" rating to an "outperform" rating and set a $17.00 target price for the company in a research note on Monday, January 22nd. Finally, Evercore ISI reissued a "hold" rating and set a $17.00 price target on shares of American Airlines Group in a report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $17.53.

American Airlines Group Price Performance

The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 0.11 and a beta of 1.57. The firm's fifty day moving average is $14.56 and its two-hundred day moving average is $13.56.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data 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. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The business had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The company's quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities analysts forecast that American Airlines Group Inc. will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

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

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.