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

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, July 28th. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The airline reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.05.

On August 1 the company was upgraded to “Overweight” from “Overweight” in a report issued by JP Morgan. First Manhattan Co. boosted its position in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. increased its stake in shares of American Airlines Group by 3.3% in the second quarter.

In the market the company is trading down by -0.79 percent from yesterday’s close. The company has a 50-day moving average price of $50.76 and a 200-day moving average price of $46.59. The New York-based Metropolitan Life Insur New York has invested 0.09% in American Airlines Group Inc (NASDAQ:AAL). The stock of American Airlines Group Inc (NASDAQ:AAL) earned “Strong-Buy” rating by Vetr on Wednesday, September 2. Gateway Investment Advisers LLC now owns 402,565 shares of the airline’s stock valued at $17,028,000 after buying an additional 16,784 shares in the last quarter. BidaskClub upgraded shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. MCF Advisors LLC purchased a new position in American Airlines Group during the second quarter valued at $106,000. Finally, LSV Asset Management raised its stake in American Airlines Group by 34.3% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock worth $1,210,114,000 after buying an additional 27,977,045 shares in the last quarter. The company’s sales went up 7.2% compared with the same period in the prior year. financial stock experts expect that American Airlines Group to post $5.12 earnings per share for the full year. After this trade, the EVP has an ownership of 312,368 stocks in the company, assessed at roughly $15,727,728.80. The company now has an average rating of “Hold” and a consensus price target of $53.57. During the same quarter past year, the firm posted $1.77 EPS. The California-based Wells Fargo And Mn has invested 0.02% in American Airlines Group Inc (NASDAQ:AAL).

A number of equities analysts have recently weighed in on AAL shares. Following the completion of the transaction, the vice president now owns 591,195 shares of the company’s stock, valued at $29,559,750. On July 13 Citigroup made no change to the company rating of “Buy” and moved up the price target to $67.00 from $55.00. The Stelliam Investment Management Lp holds 1.72M shares with $12.04M value, up from 535,000 last quarter. The shares were sold at an average price of $49.74, for a total transaction of $1,661,316.00. Evanson Asset Management LLC increased its stake in shares of American Airlines Group by 6.5% in the first quarter. Moore Capital Management Lp sold 25,000 shares as American Airlines Group Inc (AAL)’s stock declined 3.60%. Thrivent Financial For Lutherans raised its stake in American Airlines Group by 0.6% in the second quarter. It increased, as 45 investors sold BK shares while 317 reduced holdings. Also, EVP Elise R. Eberwein sold 33,400 shares of the business’s stock in a transaction dated Friday, June 2nd. The disclosure for this sale can be found here. The business had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. Over the last quarter, insiders have sold 187,623 shares of company stock worth $9,389,966. Stockholders of record on Monday, August 14th will be paid a $0.10 dividend. The dividend yield will be $0.81. The ex-dividend date of this dividend is Thurs, Aug 10th. this indicates a $0.40 annual dividend and a payout of 0.82%. Imperial Capital maintained American Airlines Group Inc (NASDAQ:AAL) on Tuesday, November 22 with “In-Line” rating.

Hedge funds and other institutional investors own 81.51% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “American Airlines Group, Inc”.

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter. If you are reading this report on another publication, it was copied illegally and republished in violation of U.S. and global trademark and copyright law. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The correct version of this article can be accessed at https://www.themarketsdaily.com/2017/08/12/american-airlines-group-inc-aal-rating-reiterated-by-morgan-stanley-updated-updated-updated.html. The Company operates through American segment, which provides air transportation for passengers and cargo.