American Airlines Group Inc. (NASDAQ:AAL) Short Interest Down 18.8% in October

American Airlines Group Inc. (NASDAQ:AAL) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 66,510,000 shares, a drop of 18.8% from the October 15th total of 81,870,000 shares. Based on an average trading volume of 33,510,000 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of American Airlines Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. raised its holdings in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after acquiring an additional 911 shares in the last quarter. UMB Bank n.a. raised its stake 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 valued at $32,000 after purchasing an additional 2,264 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its position in 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 worth $36,000 after purchasing an additional 795 shares during the period. ORG Partners LLC acquired a new stake in American Airlines Group during the second quarter worth about $36,000. Finally, Sentry Investment Management LLC bought a new position in American Airlines Group in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Up 0.9 %

Shares of NASDAQ AAL opened at $14.39 on Friday. The business’s 50 day moving average price is $12.21 and its two-hundred day moving average price is $11.78. The company has a market cap of $9.46 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, research analysts anticipate that American Airlines Group will post 1.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. BNP Paribas raised American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Evercore ISI lifted their target price on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Barclays raised American Airlines Group from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $10.00 to $16.00 in a research report on Thursday. The Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a research report on Friday. Finally, Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.96.

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.