Short Interest in American Airlines Group Inc. (NASDAQ:AAL) Drops By 5.0%

American Airlines Group Inc. (NASDAQ:AAL) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 79,210,000 shares, a decline of 5.0% from the May 31st total of 83,420,000 shares. Based on an average trading volume of 33,580,000 shares, the short-interest ratio is currently 2.4 days.

Analysts Set New Price Targets

AAL has been the subject of a number of research analyst reports. TD Cowen cut their price objective on American Airlines Group from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. UBS Group assumed coverage on American Airlines Group in a report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price target for the company. HSBC began coverage on American Airlines Group in a report on Monday, May 13th. They set a “buy” rating and a $17.90 price objective on the stock. Sanford C. Bernstein boosted their price target on shares of American Airlines Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Finally, Bank of America lowered their price objective on shares of American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a research report on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, American Airlines Group has a consensus rating of “Hold” and a consensus price target of $16.53.

Institutional Investors Weigh In On American Airlines Group

Hedge funds have recently bought and sold shares of the stock. Everence Capital Management Inc. grew its position in shares of American Airlines Group by 15.7% during the 2nd quarter. Everence Capital Management Inc. now owns 30,790 shares of the airline’s stock valued at $349,000 after acquiring an additional 4,180 shares during the period. GAMMA Investing LLC boosted its position in American Airlines Group by 70.0% during the second quarter. GAMMA Investing LLC now owns 6,885 shares of the airline’s stock worth $78,000 after purchasing an additional 2,836 shares in the last quarter. Keynote Financial Services LLC acquired a new stake in American Airlines Group in the first quarter valued at approximately $171,000. EverSource Wealth Advisors LLC raised its stake in shares of American Airlines Group by 968.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 29,116 shares of the airline’s stock worth $447,000 after buying an additional 26,391 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of American Airlines Group by 324.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 10,707 shares of the airline’s stock valued at $162,000 after buying an additional 8,185 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Up 0.6 %

Shares of AAL opened at $11.12 on Thursday. The company has a 50 day moving average of $12.72 and a two-hundred day moving average of $13.77. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 0.20 and a beta of 1.44. American Airlines Group has a twelve month low of $10.86 and a twelve month high of $19.08.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The business had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. American Airlines Group’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. On average, sell-side analysts expect that American Airlines Group will post 2.07 EPS for the current year.

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.