Morgan Stanley Reiterates "Equal Weight" Rating for American Airlines Group, Inc. (AAL)

Cornelia Mascio
Августа 12, 2017

American Airls Group Inc now has $23.44B valuation. (NASDAQ:AAL) by 27.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Traders bought 1,841 put options on the stock. Regent Investment Management LLC raised its position in shares of American Airlines Group by 13.9% in the first quarter. The Stelliam Investment Management Lp holds 1.72M shares with $12.04M value, up from 535,000 last quarter. Bank of Montreal Can raised its stake in American Airlines Group by 1.4% in the first quarter. FNY Managed Accounts LLC now owns 2,810 shares of the airline's stock valued at $141,000 after buying an additional 1,672 shares in the last quarter. Global X Management Co. Huntington National Bank now owns 2,629 shares of the airline's stock valued at $132,000 after buying an additional 1,100 shares in the last quarter. First Manhattan Co. raised its position in shares of American Airlines Group by 3.3% in the second quarter. (NASDAQ:AAL) saw a significant growth in short interest in the month of July. The company has a market cap of $23.55 billion, a price-to-earnings ratio of 12.00 and a beta of 0.96. Now the P/E of American Airlines Group Inc. American Airlines Group Inc's 50-day moving average is $51.03 and its 200-day moving average is $46.87.

While trading at volume below than average, American Airlines Group Inc. The airline reported $1.92 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.87 by $0.05. Lastly, J P Morgan Chase & Co cut American Airlines Group from an overweight recommendation to a neutral recommendation and reduced their target price for The corporation from $59.00 to $52.00 in a note on Thurs, Apr 27th. The firm had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. American Airlines Group's revenue for the quarter was up 7.2% compared to the same quarter previous year. In the last earnings report the EPS was $4.03 and is projected to be $5.12 for the current year with 487,009,000 shares now outstanding.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Friday, July 28th. Stockholders of record on Monday, August 14th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, August 10th. American Airlines Group presently has a consensus rating of "Hold" and an average target price of $53.57.

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These firms have also modified their investment in AAL. Primecap Management Co. CA raised its position in shares of American Airlines Group by 3.4% in the first quarter. Morgan Stanley maintained the shares of AAL in report on Monday, July 17 with "Equal-Weight" rating. BidaskClub upgraded shares of American Airlines Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 8th. On Tuesday, August 16 the stock rating was maintained by Barclays Capital with "Underweight". Citigroup Inc. increased their price objective on shares of American Airlines Group from $58.00 to $67.00 and gave the stock a buy rating in a research note on Thursday, July 13th. Finally, Deutsche Bank AG reduced their price target on shares of American Airlines Group from $55.00 to $54.00 and set a "buy" rating for the company in a research report on Friday, April 28th. Finally, Vetr raised shares of American Airlines Group from a "hold" rating to a "buy" rating and set a $49.75 price target on the stock in a research report on Monday, April 24th. The company now has an average rating of "Hold" and a consensus target price of $53.57.

In other news, VP Derek J. Kerr sold 104,223 shares of the firm's stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $50.35, for a total value of $2,517,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Elise R. Eberwein sold 33,400 shares of the firm's stock in a transaction that occurred on Friday, June 2nd. American Airlines Group had a net profit margin of 5.02% and a ROE of 83.58%. the company reported sales of $11.11 B for the period, compared to the average forecast of $11.08 B. for the same period in the prior fiscal year, the business reported $1.77 EPS. Following the sale, the executive vice president now owns 362,368 shares in the company, valued at $18,024,184.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 187,623 shares of company stock valued at $9,389,966.

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