Short Interest in American Airlines Group Inc. (NASDAQ:AAL) Declines By 24.7%

American Airlines Group Inc. (NASDAQ:AAL) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 83,170,000 shares, a drop of 24.7% from the July 15th total of 110,410,000 shares. Based on an average daily volume of 35,850,000 shares, the days-to-cover ratio is currently 2.3 days.

Analyst Ratings Changes

A number of equities analysts have weighed in on AAL shares. Barclays decreased their price target on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. TD Cowen downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and cut their target price for the company from $16.00 to $10.00 in a research note on Wednesday, July 17th. Jefferies Financial Group downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $17.00 to $12.00 in a research note on Wednesday, May 29th. JPMorgan Chase & Co. dropped their price target on shares of American Airlines Group from $21.00 to $15.00 in a research note on Friday, July 26th. Finally, Seaport Res Ptn downgraded shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Airlines Group currently has a consensus rating of “Hold” and a consensus price target of $13.80.

American Airlines Group Stock Down 0.4 %

American Airlines Group stock opened at $10.05 on Friday. The firm has a 50-day moving average price of $10.69 and a two-hundred day moving average price of $12.97. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 0.21 and a beta of 1.44. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $16.15.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $14.33 billion during the quarter, compared to analyst estimates of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.92 EPS. Research analysts expect that American Airlines Group will post 0.96 earnings per share for the current year.

Institutional Trading of American Airlines Group

Institutional investors have recently made changes to their positions in the stock. Primecap Management Co. CA raised its holdings in shares of American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after purchasing an additional 14,549,310 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after purchasing an additional 1,823,928 shares during the period. Norges Bank acquired a new position in American Airlines Group in the 4th quarter worth approximately $22,819,000. Vanguard Group Inc. boosted its stake in American Airlines Group by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after purchasing an additional 806,770 shares during the period. Finally, SG Americas Securities LLC boosted its stake in American Airlines Group by 132.8% in the 2nd quarter. SG Americas Securities LLC now owns 147,877 shares of the airline’s stock worth $1,675,000 after purchasing an additional 598,941 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.

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.