American Airlines Group (NASDAQ:AAL) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

• American Airlines shares fell below their 200-day moving average, touching $13.30 and last trading at $13.31, versus the average of $13.49.
• Analyst sentiment is mixed: the consensus rating is Hold from 9 Buy, 10 Hold, and 2 Sell ratings, with an average price target of $17.28.
• The airline beat quarterly estimates, reporting a loss of $0.28 per share versus expectations of $0.36 and revenue of $16.34 billion, up 19.3% year over year.

Shares of American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $13.49 and traded as low as $13.30. American Airlines Group shares last traded at $13.31, with a volume of 54,537,373 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently commented on AAL shares. UBS Group decreased their target price on shares of American Airlines Group from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Friday, October 16th. Weiss Ratings lowered shares of American Airlines Group from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, October 23rd. Susquehanna cut their price target on shares of American Airlines Group from $20.00 to $15.00 and set a "positive" rating for the company in a research report on Wednesday, October 7th. Wall Street Zen cut American Airlines Group from a "hold" rating to a "sell" rating in a research note on Saturday, October 10th. Finally, Sanford C. Bernstein set a $19.00 price objective on American Airlines Group in a report on Tuesday, October 20th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $17.28.

American Airlines Group Price Performance

The stock has a market cap of $8.82 billion, a PE ratio of -18.23 and a beta of 1.45. The business has a 50 day moving average price of $12.93 and a two-hundred day moving average price of $13.49.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, October 22nd. The airline reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.08. American Airlines Group had a negative net margin of 0.79% and a negative return on equity of 9.11%. The company had revenue of $16.34 billion for the quarter, compared to the consensus estimate of $16.21 billion. During the same period in the previous year, the firm earned ($0.17) earnings per share. The firm's revenue for the quarter was up 19.3% on a year-over-year basis. On average, sell-side analysts forecast that American Airlines Group Inc. will post -1.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Fiduciary Financial Advisors purchased a new position in American Airlines Group during the second quarter valued at $29,000. Keating Financial Advisory Services Inc. bought a new position in shares of American Airlines Group in the second quarter worth approximately $29,000. Pinnacle Holdings LLC bought a new position in American Airlines Group in the 2nd quarter valued at approximately $30,000. Root Financial Partners LLC purchased a new stake in shares of American Airlines Group during the third quarter valued at $53,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of American Airlines Group by 622.8% during the 3rd quarter. Fortitude Family Office LLC now owns 4,192 shares of the airline's stock valued at $56,000 after acquiring an additional 3,612 shares during the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

About American Airlines Group

American Airlines Group Inc. is a holding company whose principal business is operating a global airline through American Airlines and its regional partners. The company provides scheduled passenger and cargo air transportation, along with related services such as loyalty programs and travel offerings. Its network connects destinations across the United States and serves markets in the Caribbean, Latin America, Europe and the Asia-Pacific region. Regional flights are operated under the American Eagle brand by affiliated carriers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.