American Airlines Group Inc. (NASDAQ:AAL) Short Interest Down 13.2% in February

American Airlines Group Inc. (NASDAQ:AAL – Get Rating) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 62,800,000 shares, a decrease of 13.2% from the February 13th total of 72,370,000 shares. Based on an average daily trading volume, of 25,150,000 shares, the days-to-cover ratio is currently 2.5 days.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AAL shares. Cowen lifted their price objective on American Airlines Group from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Friday, January 27th. Cowen upped their price objective on American Airlines Group from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, January 27th. Redburn Partners raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, February 8th. JPMorgan Chase & Co. upped their price objective on American Airlines Group from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, January 27th. Finally, The Goldman Sachs Group initiated coverage on American Airlines Group in a research report on Friday, December 16th. They issued a “neutral” rating and a $13.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.06.

American Airlines Group Trading Down 2.6 %

Shares of NASDAQ AAL opened at $15.46 on Monday. The stock has a fifty day moving average price of $16.00 and a 200 day moving average price of $14.38. The company has a market cap of $10.07 billion, a P/E ratio of -1,546.00 and a beta of 1.55. American Airlines Group has a 12-month low of $11.65 and a 12-month high of $21.42.

American Airlines Group (NASDAQ:AAL – Get Rating) last posted its quarterly earnings results on Thursday, January 26th. The airline reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.03. The firm had revenue of $13.19 billion for the quarter, compared to analyst estimates of $13.20 billion. American Airlines Group had a net margin of 0.26% and a negative return on equity of 4.22%. The firm’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.42) earnings per share. On average, sell-side analysts forecast that American Airlines Group will post 2.32 EPS for the current fiscal year.

Insider Transactions at American Airlines Group

In other news, COO David Seymour sold 74,614 shares of the firm’s stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $16.03, for a total value of $1,196,062.42. Following the transaction, the chief operating officer now owns 398,371 shares in the company, valued at $6,385,887.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.78% of the company’s stock.

Institutional Trading of American Airlines Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAL. Whitebox Advisors LLC bought a new stake in American Airlines Group in the third quarter valued at approximately $107,916,000. Barclays PLC lifted its stake in shares of American Airlines Group by 514.2% during the 3rd quarter. Barclays PLC now owns 5,756,385 shares of the airline’s stock worth $69,307,000 after buying an additional 7,146,133 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of American Airlines Group by 223.8% during the 2nd quarter. Renaissance Technologies LLC now owns 7,948,300 shares of the airline’s stock worth $100,784,000 after buying an additional 5,493,500 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of American Airlines Group by 502.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,986,179 shares of the airline’s stock worth $54,498,000 after buying an additional 2,490,121 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of American Airlines Group by 21.0% during the 4th quarter. Two Sigma Advisers LP now owns 10,655,200 shares of the airline’s stock worth $135,534,000 after buying an additional 1,852,000 shares during the last quarter. Institutional investors own 54.84% of the company’s stock.

About American Airlines Group

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American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic, Department of Transportation Latin America, Department of Transportation Atlantic, and Department of Transportation Pacific.