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

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

American Airlines Group Stock Performance

Shares of AAL opened at $11.04 on Tuesday. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 0.20 and a beta of 1.44. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The firm has a 50 day moving average price of $12.84 and a 200-day moving average price of $13.82.

American Airlines Group (NASDAQ:AAL) last announced 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 negative return on equity of 31.65% and a net margin of 0.94%. The business had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts predict that American Airlines Group will post 2.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AAL. Vermillion & White Wealth Management Group LLC purchased a new position in shares of American Airlines Group in the fourth quarter worth $27,000. Quarry LP purchased a new position in American Airlines Group during the 4th quarter valued at $34,000. Beaird Harris Wealth Management LLC increased its position in American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares during the period. GAMMA Investing LLC purchased a new position in American Airlines Group during the 4th quarter valued at $38,000. Finally, GoalVest Advisory LLC purchased a new position in American Airlines Group during the 1st quarter valued at $38,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on AAL. UBS Group began coverage on shares of American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 target price for the company. Bank of America cut 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. Seaport Res Ptn lowered shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. TD Cowen cut their price objective on shares of 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. Finally, Morgan Stanley cut their price objective on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.53.

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.