American Airlines Group Inc. (NASDAQ:AAL) Short Interest Down 11.0% in March

American Airlines Group Inc. (NASDAQ:AAL) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 40,560,000 shares, a decline of 11.0% from the March 15th total of 45,560,000 shares. Based on an average daily trading volume, of 34,010,000 shares, the days-to-cover ratio is currently 1.2 days.

American Airlines Group Stock Performance

AAL stock opened at $13.03 on Wednesday. The stock has a market cap of $8.53 billion, a P/E ratio of 11.85, a P/E/G ratio of 0.11 and a beta of 1.57. The firm has a 50 day simple moving average of $14.62 and a 200 day simple moving average of $13.56. American Airlines Group has a 52 week low of $10.86 and a 52 week high of $19.08.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, beating the consensus estimate of $0.11 by $0.18. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The business had revenue of $13.06 billion for the quarter, compared to analysts’ expectations of $13.01 billion. During the same period in the previous year, the company posted $1.17 EPS. American Airlines Group’s revenue was down 1.0% on a year-over-year basis. Sell-side analysts predict that American Airlines Group will post 2.53 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on AAL shares. UBS Group started coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Sanford C. Bernstein lifted their price objective on shares of American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Wolfe Research raised shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research note on Monday, January 22nd. Finally, TD Cowen raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $14.00 to $21.00 in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, American Airlines Group has an average rating of “Hold” and an average target price of $17.53.

Hedge Funds Weigh In On American Airlines Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Oppenheimer & Co. Inc. lifted its stake in shares of American Airlines Group by 3.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 21,594 shares of the airline’s stock valued at $297,000 after purchasing an additional 761 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of American Airlines Group by 6.7% in the 2nd quarter. Franklin Resources Inc. now owns 12,311 shares of the airline’s stock valued at $156,000 after purchasing an additional 771 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of American Airlines Group by 6.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,930 shares of the airline’s stock valued at $268,000 after purchasing an additional 855 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of American Airlines Group by 3.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 23,952 shares of the airline’s stock valued at $307,000 after purchasing an additional 888 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of American Airlines Group by 38.4% in the 1st quarter. First Horizon Advisors Inc. now owns 3,331 shares of the airline’s stock valued at $49,000 after purchasing an additional 924 shares during the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

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.