American Airlines Group Inc. (NASDAQ:AAL) Short Interest Down 16.7% in November

American Airlines Group Inc. (NASDAQ:AAL) was the target of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 47,430,000 shares, a decrease of 16.7% from the November 15th total of 56,940,000 shares. Based on an average daily trading volume, of 33,710,000 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On American Airlines Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. increased its stake in American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares during the last quarter. UMB Bank n.a. raised its holdings in American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after purchasing an additional 2,264 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of American Airlines Group in the 2nd quarter valued at approximately $36,000. Sentry Investment Management LLC purchased a new stake in shares of American Airlines Group during the 2nd quarter worth $36,000. Finally, First Command Advisory Services Inc. purchased a new stake in American Airlines Group during the second quarter worth about $43,000. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Stock Down 1.9 %

Shares of American Airlines Group stock opened at $16.92 on Friday. The business’s fifty day simple moving average is $14.06 and its 200-day simple moving average is $11.95. The firm has a market cap of $11.12 billion, a PE ratio of 51.27, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $18.20.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the prior year, the company earned $0.38 EPS. American Airlines Group’s revenue was up 1.2% on a year-over-year basis. As a group, equities analysts expect that American Airlines Group will post 1.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.99.

About American Airlines Group

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.