American Airlines Group Inc. (AAL) Short Interest Update
American Airlines Group Inc. (NASDAQ:AAL) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 34,234,262 shares, a decrease of 4.9% from the October 31st total of 35,992,578 shares. Currently, 6.7% of the shares of the company are sold short. Based on an average trading volume of 7,791,774 shares, the days-to-cover ratio is presently 4.4 days.
Shares of American Airlines Group (NASDAQ:AAL) opened at 46.44 on Thursday. American Airlines Group has a 52 week low of $24.85 and a 52 week high of $46.95. The stock has a 50 day moving average price of $41.62 and a 200 day moving average price of $35.90. The firm has a market cap of $24.06 billion, a PE ratio of 4.81 and a beta of 0.88.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 20th. The airline reported $2.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $1.23. The firm earned $10.60 billion during the quarter, compared to analyst estimates of $5.43 billion. American Airlines Group had a return on equity of 95.17% and a net margin of 14.16%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.77 earnings per share. Equities analysts expect that American Airlines Group will post $5.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 7th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.40 annualized dividend and a yield of 0.86%. American Airlines Group’s dividend payout ratio is currently 4.30%.
AAL has been the subject of several recent analyst reports. Wolfe Research set a $46.00 price objective on American Airlines Group and gave the stock a “buy” rating in a research note on Friday, October 21st. Vetr lowered American Airlines Group from a “hold” rating to a “sell” rating and set a $42.62 target price for the company. in a research note on Tuesday, November 15th. Cowen and Company restated an “outperform” rating on shares of American Airlines Group in a research note on Thursday, August 11th. Imperial Capital reiterated an “in-line” rating and issued a $43.00 price target (up previously from $40.00) on shares of American Airlines Group in a report on Friday, October 21st. Finally, TheStreet upgraded American Airlines Group from a “hold” rating to a “buy” rating in a report on Monday, October 31st. Four analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $44.09.
In related news, EVP Beverly K. Goulet sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $40.51, for a total value of $202,550.00. Following the completion of the transaction, the executive vice president now directly owns 243,604 shares in the company, valued at $9,868,398.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Andrew P. Nocella sold 171,383 shares of the company’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $40.65, for a total value of $6,966,718.95. Following the completion of the transaction, the chief marketing officer now owns 307,719 shares of the company’s stock, valued at $12,508,777.35. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAL. Van Hulzen Asset Management LLC acquired a new position in shares of American Airlines Group during the third quarter valued at about $106,000. Cribstone Capital Management LLC bought a new stake in American Airlines Group during the second quarter valued at $108,000. Westbourne Investment Advisors Inc. bought a new stake in American Airlines Group during the second quarter valued at $115,000. Checchi Capital Advisers LLC increased its stake in American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock valued at $117,000 after buying an additional 37 shares in the last quarter. Finally, Evercore Wealth Management LLC increased its stake in American Airlines Group by 60.1% in the second quarter. Evercore Wealth Management LLC now owns 4,601 shares of the airline’s stock valued at $130,000 after buying an additional 1,727 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.
About American Airlines Group
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).
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