The stock of American Airlines Group Inc (NASDAQ:AAL) is a huge mover today! About 8.88 million shares traded hands or 16.08% up from the average. American Airlines Group Inc (NASDAQ:AAL) has declined 10.71% since February 29, 2016 and is downtrending. It has underperformed by 22.92% the S&P500.
The move comes after 8 months positive chart setup for the $20.42B company. It was reported on Oct, 4 by Barchart.com. We have $48.85 PT which if reached, will make NASDAQ:AAL worth $5.92 billion more.
Analysts await American Airlines Group Inc (NASDAQ:AAL) to report earnings on October, 28. They expect $1.53 EPS, down 44.77% or $1.24 from last year’s $2.77 per share. AAL’s profit will be $825.00 million for 6.19 P/E if the $1.53 EPS becomes a reality. After $1.77 actual EPS reported by American Airlines Group Inc for the previous quarter, Wall Street now forecasts -13.56% negative EPS growth.
American Airlines Group Inc (NASDAQ:AAL) Ratings Coverage
Out of 16 analysts covering American Airlines Group (NASDAQ:AAL), 7 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 44% are positive. American Airlines Group has been the topic of 26 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Monday, October 12, the company rating was maintained by Deutsche Bank. As per Wednesday, September 30, the company rating was downgraded by Goldman Sachs. Cowen & Co upgraded American Airlines Group Inc (NASDAQ:AAL) on Monday, February 1 to “Outperform” rating. The firm has “Overweight” rating given on Thursday, February 4 by JP Morgan. The rating was downgraded by Raymond James on Wednesday, September 21 to “Mkt Perform”. Credit Suisse maintained the shares of AAL in a report on Tuesday, April 12 with “Outperform” rating. The rating was downgraded by HSBC to “Reduce” on Wednesday, November 25. The rating was downgraded by Credit Suisse to “Underperform” on Wednesday, July 6. Imperial Capital initiated the stock with “In-Line” rating in Friday, August 26 report. The rating was downgraded by Vetr on Thursday, August 27 to “Strong-Buy”.
According to Zacks Investment Research, “American Airlines Group Inc. operates in the airline industry. The company provides scheduled passenger, freight and mail service primarily in North America, the Caribbean, Latin America, Europe and the Pacific. American Airlines Group Inc. is the holding company for American Airlines and US Airways. American Airlines Group Inc. is based in FORT WORTH TX.”
Insitutional Activity: The institutional sentiment decreased to 0.6 in 2016 Q2. Its down 0.02, from 0.62 in 2016Q1. The ratio turned negative, as 111 funds sold all American Airlines Group Inc shares owned while 206 reduced positions. 40 funds bought stakes while 150 increased positions. They now own 384.56 million shares or 8.83% less from 421.82 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.01% of its portfolio in American Airlines Group Inc (NASDAQ:AAL). Alps Advisors last reported 10,989 shares in the company. Moreover, Legal & General Gru Public Ltd Limited Liability Company has 0.02% invested in American Airlines Group Inc (NASDAQ:AAL) for 703,357 shares. The Oregon-based Oregon Pub Employees Retirement Fund has invested 0.05% in American Airlines Group Inc (NASDAQ:AAL). Western Asset Management, a California-based fund reported 13,003 shares. E&G Limited Partnership accumulated 85,340 shares or 1.47% of the stock. Cornerstone accumulated 0.01% or 392 shares. Guardian Life Insur Of America accumulated 2,261 shares or 0% of the stock. Blair William Il accumulated 15,061 shares or 0% of the stock. Department Mb National Bank & Trust N A owns 14,879 shares or 0.07% of their US portfolio. Moreover, Adage Cap Prtn Gru Ltd Liability has 0.49% invested in American Airlines Group Inc (NASDAQ:AAL) for 6.30M shares. Systematic Lp reported 340,435 shares or 0.13% of all its holdings. Shelton Management last reported 42,659 shares in the company. Amer Century Companies Inc reported 440,507 shares or 0.01% of all its holdings. National Planning Corp owns 6,179 shares or 0.02% of their US portfolio.
Insider Transactions: Since April 15, 2016, the stock had 1 insider buy, and 4 insider sales for $2.40 million net activity. $96,390 worth of shares were bought by SCHIFTER RICHARD P on Monday, June 13. 692 shares with value of $28,580 were sold by KIRBY J SCOTT on Friday, April 15. GOULET – BEVERLY K. sold $1.36M worth of stock. Leibman Maya sold $363,432 worth of stock or 10,000 shares.
More important recent American Airlines Group Inc (NASDAQ:AAL) news were published by: Wsj.com which released: “American Airlines Weekend Technology Transfer Appears to Go Well” on October 02, 2016, also Investorplace.com published article titled: “Why Netflix, Inc. (NFLX), American Airlines Group Inc (AAL) and Skechers USA …”, Wsj.com published: “American Airlines Faces Next IT Hurdle” on September 28, 2016. More interesting news about American Airlines Group Inc (NASDAQ:AAL) was released by: Chicagotribune.com and their article: “American Airlines hopes IT switch doesn’t snag flights this weekend” with publication date: September 30, 2016.
AAL Company Profile
American Airlines Group Inc. (AAG), incorporated on February 16, 1982, is a holding firm whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc. (American) and its regional subsidiaries, Envoy Aviation Group Inc. (Envoy), Piedmont Airlines, Inc. (Piedmont) and PSA Airlines, Inc. (PSA) that operate under capacity purchase agreements as American Eagle.
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