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.
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
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.
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