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

American Airlines Group Inc. (NASDAQ:AAL) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 68,720,000 shares, a growth of 34.3% from the March 31st total of 51,170,000 shares. Approximately 10.5% of the shares of the stock are short sold. Based on an average trading volume of 57,040,000 shares, the short-interest ratio is presently 1.2 days.

American Airlines Group Trading Up 0.5 %

NASDAQ:AAL opened at $9.95 on Thursday. The company has a 50-day moving average price of $11.12 and a 200-day moving average price of $14.18. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 0.21 and a beta of 1.17. American Airlines Group has a 12 month low of $8.50 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.10. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. The business had revenue of $12.55 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same period in the previous year, the firm posted ($0.34) EPS. The business’s revenue was down .2% on a year-over-year basis. Equities analysts forecast that American Airlines Group will post 2.42 EPS for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAL. Tidal Investments LLC grew its position in shares of American Airlines Group by 63.1% in the 3rd quarter. Tidal Investments LLC now owns 66,249 shares of the airline’s stock worth $745,000 after buying an additional 25,637 shares during the period. Retirement Systems of Alabama grew its holdings in American Airlines Group by 451.2% in the third quarter. Retirement Systems of Alabama now owns 797,738 shares of the airline’s stock worth $8,967,000 after purchasing an additional 653,012 shares during the period. Principal Financial Group Inc. increased its stake in shares of American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after purchasing an additional 787,671 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of American Airlines Group during the fourth quarter valued at approximately $409,000. Finally, Strathmore Capital Advisors Inc. bought a new stake in shares of American Airlines Group in the 4th quarter worth approximately $351,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AAL. TD Cowen raised their price target on American Airlines Group to $13.00 and gave the company an “unchanged” rating in a research report on Friday, April 25th. Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Jefferies Financial Group reiterated a “hold” rating and set a $12.00 price target (down from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. Evercore ISI boosted their price objective on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Finally, Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

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.