The stock of American Airlines Group Inc (NASDAQ:AAL) is a huge mover today! About 9.38 million shares traded hands or 19.04% up from the average. American Airlines Group Inc (NASDAQ:AAL) has declined 8.38% since March 15, 2016 and is downtrending. It has underperformed by 13.87% the S&P500.
The move comes after 8 months positive chart setup for the $20.82B company. It was reported on Oct, 18 by Barchart.com. We have $58.25 PT which if reached, will make NASDAQ:AAL worth $9.99 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 $809.52 million for 6.43 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 17 analysts covering American Airlines Group (NASDAQ:AAL), 7 rate it a “Buy”, 4 “Sell”, while 6 “Hold”. This means 41% are positive. American Airlines Group has been the topic of 28 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Credit Suisse given on Tuesday, April 12. The stock has “Outperform” rating given by Credit Suisse on Thursday, January 7. Imperial Capital maintained the shares of AAL in a report on Wednesday, September 2 with “Outperform” rating. Deutsche Bank maintained American Airlines Group Inc (NASDAQ:AAL) on Monday, October 12 with “Buy” rating. The company was maintained on Thursday, February 4 by JP Morgan. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, March 24 report. The rating was initiated by Stephens with “Equal-Weight” on Tuesday, March 29. Imperial Capital initiated the stock with “In-Line” rating in Friday, August 26 report. The stock of American Airlines Group Inc (NASDAQ:AAL) earned “Overweight” rating by Morgan Stanley on Thursday, April 28. The company was downgraded on Wednesday, November 25 by HSBC.
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 Q2 2016. Its down 0.02, from 0.62 in 2016Q1. The ratio fall, 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.
The Kentucky-based Regent Invest Mngmt Limited Com has invested 0.17% in American Airlines Group Inc (NASDAQ:AAL). Jnba Fincl accumulated 2,135 shares or 0.02% of the stock. South Texas Money Management Ltd has 628,693 shares for 1% of their US portfolio. Hudson Bay Capital Ltd Partnership has 33,160 shares for 0.03% of their US portfolio. Capital Ltd Limited Liability holds 136 shares or 0% of its portfolio. Williams Jones And Assoc Limited Liability Corporation owns 88,640 shares or 0.12% of their US portfolio. Serengeti Asset Mgmt Lp accumulated 0.76% or 125,000 shares. Bedrijfstakpensioenfonds Voor De Media Pno owns 21,000 shares or 0.08% of their US portfolio. Davenport Ltd Limited Liability Company has 169,436 shares for 0% of their US portfolio. Moreover, Hennessy has 0.04% invested in American Airlines Group Inc (NASDAQ:AAL) for 47,300 shares. Teachers Retirement System Of The State Of Kentucky has invested 0.03% of its portfolio in American Airlines Group Inc (NASDAQ:AAL). Morgan Stanley holds 0.03% or 2.61M shares in its portfolio. The New York-based Jpmorgan Chase And has invested 0% in American Airlines Group Inc (NASDAQ:AAL). Tortoise Limited Company has invested 0% of its portfolio in American Airlines Group Inc (NASDAQ:AAL). Amica Pension Fund Board Of Trustees accumulated 0.12% or 33,141 shares.
Insider Transactions: Since June 13, 2016, the stock had 1 insider purchase, and 3 sales for $2.37 million net activity. GOULET – BEVERLY K. sold $750,000 worth of stock. 3,000 shares were bought by SCHIFTER RICHARD P, worth $96,390 on Monday, June 13. Leibman Maya also sold $363,432 worth of American Airlines Group Inc (NASDAQ:AAL) on Wednesday, September 14.
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 Zacks.com published article titled: “American Airlines (AAL) Q3 Earnings: A Beat in the Cards?”, Blogs.Wsj.com published: “American Airlines Plans Major Cloud Move” on September 21, 2016. More interesting news about American Airlines Group Inc (NASDAQ:AAL) was released by: Schaeffersresearch.com and their article: “Bullish Options Traders Fly to American Airlines Group Inc, Delta Air Lines, Inc.” with publication date: October 11, 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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