Short Interest in American Airlines Group Inc. (NASDAQ:AAL) Decreases By 18.8%

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AAL shares. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Sanford C. Bernstein downgraded American Airlines Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. Evercore ISI raised their price target on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Finally, Bank of America increased their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Austin Private Wealth LLC bought a new position in American Airlines Group in the third quarter valued at about $723,000. Maverick Capital Ltd. boosted its stake in shares of American Airlines Group by 95.3% in the 2nd quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock valued at $2,196,000 after purchasing an additional 94,573 shares during the last quarter. Sei Investments Co. grew its position in shares of American Airlines Group by 14.7% during the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock worth $13,586,000 after buying an additional 153,515 shares during the period. U S Global Investors Inc. raised its stake in shares of American Airlines Group by 5.9% during the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after buying an additional 508,119 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in American Airlines Group in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of American Airlines Group stock opened at $14.39 on Friday. The firm has a market cap of $9.46 billion, a P/E ratio of 43.61, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39. The firm’s 50-day simple moving average is $12.21 and its 200-day simple moving average is $11.78. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $13.50 billion. During the same period in the prior year, the business posted $0.38 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, equities analysts forecast that American Airlines Group will post 1.49 earnings per share for the current fiscal year.

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.