American Airlines Group Inc. (NASDAQ:AAL) Short Interest Update

American Airlines Group Inc. (NASDAQ:AAL) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 66,510,000 shares, a drop of 18.8% from the October 15th total of 81,870,000 shares. Based on an average daily volume of 33,510,000 shares, the short-interest ratio is presently 2.0 days.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in shares of American Airlines Group by 36.9% in the 1st quarter. Sei Investments Co. now owns 1,045,606 shares of the airline’s stock worth $16,050,000 after buying an additional 281,956 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of American Airlines Group by 12.6% in the 1st quarter. QRG Capital Management Inc. now owns 24,656 shares of the airline’s stock worth $378,000 after buying an additional 2,752 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of American Airlines Group by 17.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,817 shares of the airline’s stock worth $304,000 after acquiring an additional 3,005 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in American Airlines Group by 0.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 650,916 shares of the airline’s stock valued at $9,601,000 after acquiring an additional 4,947 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in American Airlines Group by 36.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 443,881 shares of the airline’s stock worth $6,814,000 after acquiring an additional 119,092 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Trading Up 1.8 %

Shares of NASDAQ:AAL opened at $14.26 on Friday. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $16.15. The stock’s 50-day moving average price is $12.14 and its 200-day moving average price is $11.76. The stock has a market capitalization of $9.37 billion, a P/E ratio of 43.46, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. As a group, research analysts predict that American Airlines Group will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

AAL has been the subject of several recent analyst reports. Barclays upgraded American Airlines Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $10.00 to $16.00 in a research report on Thursday. Bank of America upped their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Jefferies Financial Group lifted their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. TD Cowen increased their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, TD Securities dropped their price objective on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.89.

American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.