Vasu Raja Sells 5,298 Shares of American Airlines Group Inc. (NASDAQ:AAL) Stock

American Airlines Group Inc. (NASDAQ:AAL) EVP Vasu Raja sold 5,298 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $12.23, for a total value of $64,794.54. Following the completion of the sale, the executive vice president now directly owns 339,170 shares of the company’s stock, valued at $4,148,049.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

American Airlines Group Stock Performance

Shares of AAL traded up $0.11 during midday trading on Monday, hitting $12.40. The company had a trading volume of 23,879,042 shares, compared to its average volume of 27,167,244. The company’s 50-day simple moving average is $12.23 and its 200-day simple moving average is $14.56. The firm has a market capitalization of $8.10 billion, a P/E ratio of 5.62, a P/E/G ratio of 0.10 and a beta of 1.58. American Airlines Group Inc. has a 1 year low of $10.86 and a 1 year high of $19.08.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 19th. The airline reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. The business had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $13.51 billion. American Airlines Group had a negative return on equity of 47.30% and a net margin of 3.04%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. Equities analysts predict that American Airlines Group Inc. will post 2.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AAL has been the subject of a number of recent analyst reports. Citigroup cut their price objective on American Airlines Group from $13.00 to $12.50 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Morgan Stanley reissued an “equal weight” rating and set a $20.00 price objective on shares of American Airlines Group in a research report on Tuesday, July 25th. Evercore ISI cut their price objective on American Airlines Group from $19.00 to $17.00 and set an “in-line” rating for the company in a research report on Monday, August 28th. TD Cowen cut their price objective on American Airlines Group from $16.00 to $10.00 and set a “market perform” rating for the company in a research report on Wednesday, September 13th. Finally, BNP Paribas downgraded American Airlines Group from an “outperform” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.64.

Institutional Investors Weigh In On American Airlines Group

Institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in American Airlines Group during the first quarter worth approximately $25,000. Gables Capital Management Inc. lifted its stake in American Airlines Group by 100.0% during the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after purchasing an additional 1,000 shares during the last quarter. RVW Wealth LLC purchased a new stake in American Airlines Group during the third quarter worth approximately $27,000. Kalos Management Inc. purchased a new stake in American Airlines Group during the first quarter worth approximately $31,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in American Airlines Group during the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 58.50% 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.