American Airlines Group Inc. (NASDAQ:AAL) Sees Large Decrease in Short Interest

American Airlines Group Inc. (NASDAQ:AAL) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 40,560,000 shares, a decrease of 11.0% from the March 15th total of 45,560,000 shares. Based on an average trading volume of 34,010,000 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On American Airlines Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAL. Empirical Finance LLC boosted its stake in shares of American Airlines Group by 13.2% during the 3rd quarter. Empirical Finance LLC now owns 21,159 shares of the airline’s stock valued at $271,000 after buying an additional 2,462 shares during the last quarter. Oak Thistle LLC bought a new position in American Airlines Group during the 4th quarter valued at $1,171,000. Assenagon Asset Management S.A. grew its holdings in American Airlines Group by 7,871.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock worth $24,211,000 after acquiring an additional 1,739,977 shares in the last quarter. Compagnie Lombard Odier SCmA increased its position in shares of American Airlines Group by 15.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 38,500 shares of the airline’s stock worth $529,000 after purchasing an additional 5,067 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of American Airlines Group by 1,291.7% in the 4th quarter. International Assets Investment Management LLC now owns 215,372 shares of the airline’s stock valued at $29,590,000 after purchasing an additional 199,897 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Stock Down 3.5 %

NASDAQ AAL opened at $13.15 on Monday. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The business has a 50 day moving average price of $14.64 and a two-hundred day moving average price of $13.56. The stock has a market cap of $8.61 billion, a PE ratio of 11.95, a P/E/G ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18. The business had revenue of $13.06 billion for the quarter, compared to analysts’ expectations of $13.01 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 earnings per share. Sell-side analysts anticipate that American Airlines Group will post 2.53 EPS for the current fiscal year.

Analysts Set New Price Targets

AAL has been the topic of a number of analyst reports. Citigroup reaffirmed a “buy” rating and set a $20.00 price objective on shares of American Airlines Group in a research note on Thursday, March 14th. Barclays lifted their price target on shares of American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. Seaport Res Ptn raised shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. TD Cowen upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $14.00 to $21.00 in a report on Friday, January 26th. Finally, JPMorgan Chase & Co. upped their target price on American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.53.

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.