American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 110,410,000 shares, an increase of 26.6% from the June 30th total of 87,240,000 shares. Based on an average daily trading volume, of 34,090,000 shares, the days-to-cover ratio is presently 3.2 days.
Hedge Funds Weigh In On American Airlines Group
A number of hedge funds have recently bought and sold shares of AAL. Vermillion & White Wealth Management Group LLC bought a new stake in American Airlines Group in the fourth quarter worth approximately $27,000. Beaird Harris Wealth Management LLC lifted its position in shares of 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 acquiring an additional 795 shares during the period. GoalVest Advisory LLC bought a new position in American Airlines Group during the first quarter worth $38,000. Quarry LP acquired a new stake in American Airlines Group in the fourth quarter worth $34,000. Finally, GAMMA Investing LLC bought a new stake in American Airlines Group in the fourth quarter valued at $38,000. Institutional investors own 52.44% of the company’s stock.
American Airlines Group Trading Up 0.2 %
Shares of AAL opened at $10.62 on Friday. The stock’s 50-day moving average price is $11.51 and its two-hundred day moving average price is $13.40. American Airlines Group has a 12 month low of $9.76 and a 12 month high of $16.87. The company has a market capitalization of $6.97 billion, a PE ratio of 17.70, a PEG ratio of 0.36 and a beta of 1.44.
American Airlines Group (NASDAQ:AAL – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $14.33 billion for the quarter, compared to analyst estimates of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.92 earnings per share. Equities research analysts predict that American Airlines Group will post 1.1 EPS for the current fiscal year.
Analyst Ratings Changes
AAL has been the subject of several research analyst reports. Sanford C. Bernstein downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Jefferies Financial Group cut American Airlines Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $17.00 to $12.00 in a report on Wednesday, May 29th. Barclays reduced their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Morgan Stanley decreased their target price on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, June 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of American Airlines Group from $21.00 to $15.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.80.
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.