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

American Airlines Group Inc. (NASDAQ:AAL) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 84,430,000 shares, a drop of 11.6% from the September 15th total of 95,520,000 shares. Based on an average trading volume of 37,540,000 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On American Airlines Group

Several hedge funds have recently bought and sold shares of AAL. UMB Bank n.a. boosted its holdings in American Airlines Group by 404.3% in the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after acquiring an additional 2,264 shares in the last quarter. Quarry LP bought a new position in American Airlines Group in the 4th quarter worth about $34,000. Beaird Harris Wealth Management LLC grew its position in American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares during the last quarter. ORG Partners LLC bought a new stake in American Airlines Group during the 2nd quarter valued at about $36,000. Finally, Sentry Investment Management LLC purchased a new position in American Airlines Group in the second quarter worth about $36,000. Institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on AAL shares. Barclays decreased their target price on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. decreased their price objective on shares of American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Evercore cut their target price on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. Finally, Redburn Atlantic raised American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.09.

American Airlines Group Stock Up 1.3 %

AAL opened at $12.03 on Wednesday. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $16.15. The stock has a market cap of $7.89 billion, a PE ratio of 20.05, a PEG ratio of 0.26 and a beta of 1.43. The business has a 50 day moving average of $10.72 and a 200-day moving average of $11.84.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The business had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. During the same quarter in the prior year, the company earned $1.92 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts anticipate that American Airlines Group will post 1.22 EPS for the current year.

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.