American Airlines Group (NASDAQ:AAL) Stock Price Breaks Above 50 Day Moving Average – Time to Sell?

American Airlines Group Inc. (NASDAQ:AAL) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $12.94 and traded as high as $13.40. American Airlines Group shares last traded at $13.08, with a volume of 84,039,310 shares.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Freedom Broker dropped their price target on American Airlines Group from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Morgan Stanley lowered their price objective on American Airlines Group from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. Barclays dropped their target price on American Airlines Group from $19.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, September 11th. Rothschild & Co Redburn lifted their target price on American Airlines Group from $12.50 to $13.50 and gave the stock a “neutral” rating in a report on Friday, September 18th. Finally, UBS Group reduced their target price on shares of American Airlines Group from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, October 16th. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.28.

American Airlines Group Trading Up 3.8%

The stock has a 50 day simple moving average of $12.94 and a 200 day simple moving average of $13.55. The stock has a market cap of $8.67 billion, a P/E ratio of -17.92 and a beta of 1.37.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 22nd. The airline reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.08. The firm had revenue of $16.34 billion during the quarter, compared to the consensus estimate of $16.21 billion. American Airlines Group had a negative return on equity of 9.11% and a negative net margin of 0.79%. The company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.17) EPS. Equities analysts anticipate that American Airlines Group Inc. will post -1.29 earnings per share for the current year.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently bought and sold shares of AAL. HB Wealth Management LLC lifted its position in shares of American Airlines Group by 4.5% during the 1st quarter. HB Wealth Management LLC now owns 20,205 shares of the airline’s stock worth $217,000 after buying an additional 871 shares during the last quarter. Root Financial Partners LLC raised its position in shares of American Airlines Group by 33.1% in the 1st quarter. Root Financial Partners LLC now owns 3,816 shares of the airline’s stock worth $41,000 after acquiring an additional 949 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of American Airlines Group by 1.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 70,836 shares of the airline’s stock worth $1,280,000 after acquiring an additional 972 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of American Airlines Group by 8.2% in the 1st quarter. International Assets Investment Management LLC now owns 12,820 shares of the airline’s stock worth $143,000 after acquiring an additional 977 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. lifted its stake in shares of American Airlines Group by 16.7% in the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 7,000 shares of the airline’s stock valued at $94,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 52.44% of the company’s stock.

About American Airlines Group

American Airlines Group Inc is a holding company whose principal subsidiary, American Airlines, provides scheduled passenger air transportation and air cargo services. The company operates a large mainline network under the American Airlines brand and offers regional service through carriers operating as American Eagle. Its services include domestic and international flights, connecting passengers through a network of hubs and focus cities.

American Airlines serves destinations throughout the United States, as well as markets in Canada, Mexico, the Caribbean, Central and South America, Europe, Asia and other international regions.