Short Interest in American Airlines Group Inc. (NASDAQ:AAL) Expands By 56.4%

American Airlines Group Inc. (NASDAQ:AAL) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 83,420,000 shares, an increase of 56.4% from the May 15th total of 53,330,000 shares. Based on an average daily volume of 32,930,000 shares, the days-to-cover ratio is presently 2.5 days.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. TD Cowen dropped their target price on American Airlines Group from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Seaport Res Ptn cut shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. HSBC initiated coverage on shares of American Airlines Group in a report on Monday, May 13th. They set a “buy” rating and a $17.90 price target for the company. Citigroup cut their price target on shares of American Airlines Group from $20.00 to $16.50 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, Bank of America decreased their price objective on shares of American Airlines Group from $12.00 to $11.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and a consensus target price of $16.53.

Institutional Investors Weigh In On American Airlines Group

Institutional investors have recently made changes to their positions in the company. Beaird Harris Wealth Management LLC boosted its position in shares of American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after buying an additional 795 shares during the last quarter. Empirical Finance LLC boosted its position in American Airlines Group by 1.4% in the first quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock worth $899,000 after purchasing an additional 797 shares during the last quarter. Eudaimonia Partners LLC grew its position in American Airlines Group by 4.2% during the first quarter. Eudaimonia Partners LLC now owns 23,054 shares of the airline’s stock valued at $354,000 after buying an additional 927 shares during the period. Ackerman Capital Advisors LLC grew its position in shares of American Airlines Group by 6.5% during the 1st quarter. Ackerman Capital Advisors LLC now owns 15,661 shares of the airline’s stock valued at $240,000 after acquiring an additional 949 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its position in American Airlines Group by 4.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock worth $359,000 after buying an additional 978 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of AAL opened at $11.28 on Friday. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The firm’s 50-day simple moving average is $13.38 and its two-hundred day simple moving average is $13.99. The stock has a market cap of $7.40 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 0.20 and a beta of 1.49.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The company had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same period last year, the business earned $0.05 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts predict that American Airlines Group will post 2.14 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.