Short Interest in American Airlines Group Inc. (NASDAQ:AAL) Declines By 20.2%

American Airlines Group Inc. (NASDAQ:AAL) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 97,030,000 shares, a decline of 20.2% from the August 15th total of 121,640,000 shares. Based on an average daily volume of 32,990,000 shares, the short-interest ratio is currently 2.9 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. TD Cowen lowered shares of American Airlines Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $16.00 to $10.00 in a research note on Wednesday, July 17th. Susquehanna lowered their price target on American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. JPMorgan Chase & Co. decreased their price objective on shares of American Airlines Group from $21.00 to $15.00 in a report on Friday, July 26th. Evercore decreased their price target on shares of American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Finally, Redburn Atlantic raised American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.73.

Institutional Trading of American Airlines Group

Institutional investors have recently bought and sold shares of the company. ORG Partners LLC bought a new stake in American Airlines Group in the second quarter worth approximately $36,000. Cetera Investment Advisers lifted its stake in shares of American Airlines Group by 271.8% in the 1st quarter. Cetera Investment Advisers now owns 187,130 shares of the airline’s stock valued at $2,872,000 after purchasing an additional 136,797 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in American Airlines Group in the second quarter worth $5,452,000. Spire Wealth Management increased its position in American Airlines Group by 583.7% during the second quarter. Spire Wealth Management now owns 81,015 shares of the airline’s stock worth $918,000 after buying an additional 69,165 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in American Airlines Group by 70.0% during the second quarter. GAMMA Investing LLC now owns 6,885 shares of the airline’s stock valued at $78,000 after buying an additional 2,836 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Price Performance

NASDAQ AAL opened at $10.69 on Friday. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43. The company has a 50 day simple moving average of $10.41 and a 200-day simple moving average of $12.37. 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 released its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. The firm had revenue of $14.33 billion for 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 company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.92 EPS. On average, analysts predict that American Airlines Group will post 1.06 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.