American Airlines Group Inc. (NASDAQ:AAL) Short Interest Down 5.0% in June

American Airlines Group Inc. (NASDAQ:AAL) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totalling 79,210,000 shares, a drop of 5.0% from the May 31st total of 83,420,000 shares. Based on an average daily trading volume, of 33,580,000 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC acquired a new position in American Airlines Group in the fourth quarter valued at $27,000. Quarry LP acquired a new position in American Airlines Group in the fourth quarter valued at $34,000. Beaird Harris Wealth Management LLC boosted its holdings in American Airlines Group by 51.3% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after acquiring an additional 795 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of American Airlines Group during the fourth quarter worth about $38,000. Finally, GoalVest Advisory LLC acquired a new position in shares of American Airlines Group during the first quarter worth about $38,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Morgan Stanley lowered their target price on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, June 3rd. Susquehanna lowered their price objective on American Airlines Group from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. UBS Group started coverage on American Airlines Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 target price for the company. Finally, Citigroup reduced their target price on American Airlines Group from $20.00 to $16.50 and set a “buy” rating for the company in a report on Friday, May 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.53.

American Airlines Group Stock Up 0.1 %

Shares of NASDAQ:AAL opened at $11.05 on Wednesday. The company has a market cap of $7.25 billion, a P/E ratio of 18.42, a P/E/G ratio of 0.20 and a beta of 1.44. American Airlines Group has a 52 week low of $10.86 and a 52 week high of $19.08. The business has a fifty day simple moving average of $12.78 and a 200-day simple moving average of $13.79.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The business had revenue of $12.57 billion during the quarter, compared to analysts’ expectations of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. American Airlines Group’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. Sell-side analysts expect that American Airlines Group will post 2.07 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.