American Airlines Group (AAL) Reaches New 52-Week Low at $36.76

American Airlines Group Inc (NASDAQ:AAL) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $36.76 and last traded at $37.75, with a volume of 5645315 shares trading hands. The stock had previously closed at $38.36.

AAL has been the subject of several recent research reports. Citigroup cut their price target on American Airlines Group from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, May 29th. Zacks Investment Research cut American Airlines Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 12th. Buckingham Research cut their price target on American Airlines Group from $75.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday, June 13th. ValuEngine cut American Airlines Group from a “hold” rating to a “sell” rating in a research note on Friday, June 8th. Finally, Imperial Capital upgraded American Airlines Group from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $49.00 to $56.00 in a research note on Friday, June 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $59.91.

The company has a debt-to-equity ratio of -21.56, a current ratio of 0.57 and a quick ratio of 0.48. The company has a market capitalization of $17.67 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.62 and a beta of 0.99.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, April 26th. The airline reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.01. American Airlines Group had a return on equity of 92.63% and a net margin of 4.35%. The firm had revenue of $10.40 billion during the quarter, compared to analysts’ expectations of $10.41 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. equities analysts forecast that American Airlines Group Inc will post 5.15 EPS for the current fiscal year.

In other news, President Robert D. Isom, Jr. sold 10,000 shares of the stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $45.00, for a total value of $450,000.00. Following the completion of the transaction, the president now directly owns 646,205 shares in the company, valued at approximately $29,079,225. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Robert D. Isom, Jr. sold 5,000 shares of the stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $46.72, for a total value of $233,600.00. Following the completion of the transaction, the president now owns 675,276 shares of the company’s stock, valued at $31,548,894.72. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Focused Wealth Management Inc acquired a new stake in American Airlines Group in the fourth quarter valued at $151,000. Assetmark Inc. increased its holdings in American Airlines Group by 1,283.6% in the first quarter. Assetmark Inc. now owns 3,293 shares of the airline’s stock valued at $171,000 after purchasing an additional 3,055 shares during the period. Bray Capital Advisors acquired a new stake in American Airlines Group in the first quarter valued at $190,000. Weil Company Inc. acquired a new stake in American Airlines Group in the fourth quarter valued at $208,000. Finally, GHP Investment Advisors Inc. acquired a new stake in American Airlines Group in the fourth quarter valued at $208,000. Institutional investors own 80.67% of the company’s stock.

American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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