American Airlines Group Inc. (NASDAQ:AAL) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 36,602,489 shares, a decrease of 4.6% from the September 15th total of 38,354,934 shares. Based on an average trading volume of 7,099,225 shares, the days-to-cover ratio is presently 5.2 days. Approximately 7.0% of the shares of the stock are short sold.

Shares of American Airlines Group (NASDAQ:AAL) opened at 39.35 on Wednesday. The firm has a market capitalization of $20.85 billion, a price-to-earnings ratio of 3.72 and a beta of 0.97. American Airlines Group has a 12 month low of $24.85 and a 12 month high of $47.09. The company has a 50-day moving average price of $37.09 and a 200-day moving average price of $34.85.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Friday, July 22nd. The airline reported $1.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.09. The company earned $10.40 billion during the quarter, compared to the consensus estimate of $10.27 billion. American Airlines Group had a return on equity of 107.21% and a net margin of 16.50%. American Airlines Group’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the business posted $2.62 earnings per share. Equities analysts forecast that American Airlines Group will post $5.44 EPS for the current fiscal year.

Several research analysts have issued reports on the company. Vetr lowered American Airlines Group from a “buy” rating to a “hold” rating and set a $40.62 price objective for the company. in a research note on Wednesday. Sanford C. Bernstein assumed coverage on American Airlines Group in a research note on Monday, October 10th. They set an “underperform” rating and a $31.00 price objective for the company. Credit Suisse Group AG reiterated a “sell” rating and set a $34.00 price objective on shares of American Airlines Group in a research note on Tuesday, September 13th. Stifel Nicolaus dropped their price objective on American Airlines Group from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, October 12th. Finally, Zacks Investment Research lowered American Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 12th. Five analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. American Airlines Group has a consensus rating of “Hold” and an average target price of $42.07.

In other American Airlines Group news, EVP Beverly K. Goulet sold 20,000 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $37.50, for a total transaction of $750,000.00. Following the completion of the transaction, the executive vice president now directly owns 268,604 shares in the company, valued at $10,072,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maya Leibman sold 10,000 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $36.34, for a total value of $363,400.00. Following the transaction, the executive vice president now owns 196,907 shares of the company’s stock, valued at $7,155,600.38. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

Several hedge funds have recently modified their holdings of AAL. Primecap Management Co. CA increased its stake in shares of American Airlines Group by 28.6% in the second quarter. Primecap Management Co. CA now owns 35,432,161 shares of the airline’s stock worth $1,003,084,000 after buying an additional 7,883,585 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of American Airlines Group by 146.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 6,296,233 shares of the airline’s stock worth $178,246,000 after buying an additional 3,745,807 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of American Airlines Group by 322.1% in the second quarter. Janus Capital Management LLC now owns 3,512,651 shares of the airline’s stock worth $99,443,000 after buying an additional 2,680,375 shares during the last quarter. FMR LLC increased its stake in shares of American Airlines Group by 28.6% in the second quarter. FMR LLC now owns 10,098,039 shares of the airline’s stock worth $285,875,000 after buying an additional 2,243,176 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of American Airlines Group by 31.6% in the second quarter. BlackRock Fund Advisors now owns 9,217,078 shares of the airline’s stock worth $260,935,000 after buying an additional 2,213,277 shares during the last quarter. 74.63% of the stock is owned by institutional investors.

American Airlines Group Company Profile

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

5 Day Chart for NASDAQ:AAL

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