Short Interest in American Airlines Group Inc. (NASDAQ:AAL) Drops By 11.6%

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Good Life Advisors LLC bought a new position in American Airlines Group in the third quarter valued at approximately $140,000. Vontobel Holding Ltd. boosted its stake in American Airlines Group by 110.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 38,815 shares of the airline’s stock worth $436,000 after purchasing an additional 20,383 shares during the period. Creative Planning boosted its stake in American Airlines Group by 33.3% in the 3rd quarter. Creative Planning now owns 232,811 shares of the airline’s stock worth $2,617,000 after purchasing an additional 58,127 shares during the period. CX Institutional raised its stake in shares of American Airlines Group by 255.3% in the 3rd quarter. CX Institutional now owns 14,345 shares of the airline’s stock valued at $161,000 after purchasing an additional 10,308 shares during the period. Finally, Watts Gwilliam & Co. LLC bought a new stake in shares of American Airlines Group in the third quarter valued at about $642,000. 52.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Evercore ISI boosted their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Evercore decreased their price objective on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. dropped their target price on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.09.

American Airlines Group Trading Up 7.1 %

American Airlines Group stock opened at $12.89 on Thursday. The firm has a market capitalization of $8.46 billion, a P/E ratio of 21.48, a PEG ratio of 0.26 and a beta of 1.43. The business has a 50-day moving average of $10.85 and a 200-day moving average of $11.83. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $16.15.

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