Short Interest in American Airlines Group Inc (AAL) Declines By 16.8%
American Airlines Group Inc (NASDAQ:AAL) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 20,814,028 shares, a decrease of 16.8% from the February 15th total of 25,029,379 shares. Approximately 4.7% of the company’s shares are short sold. Based on an average trading volume of 7,110,730 shares, the short-interest ratio is currently 2.9 days.
Shares of NASDAQ:AAL opened at $31.84 on Thursday. American Airlines Group has a 52-week low of $28.81 and a 52-week high of $57.21. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 1.16 and a beta of 1.59.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 24th. The airline reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.03. American Airlines Group had a net margin of 3.17% and a negative return on equity of 322.87%. The company had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.94 billion. During the same quarter last year, the company earned $0.95 earnings per share. American Airlines Group’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts forecast that American Airlines Group will post 6.04 EPS for the current fiscal year.
Several research analysts recently commented on AAL shares. Imperial Capital raised their price target on shares of American Airlines Group from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, December 4th. They noted that the move was a valuation call. Citigroup cut their price target on shares of American Airlines Group from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, March 8th. Zacks Investment Research upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Thursday, December 13th. Susquehanna Bancshares started coverage on shares of American Airlines Group in a report on Wednesday, November 28th. They issued a “positive” rating and a $47.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of American Airlines Group from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, November 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. American Airlines Group has an average rating of “Hold” and a consensus price target of $46.57.
A number of large investors have recently modified their holdings of the business. Primecap Management Co. CA grew its position in American Airlines Group by 16.3% in the third quarter. Primecap Management Co. CA now owns 68,944,981 shares of the airline’s stock valued at $2,849,496,000 after acquiring an additional 9,665,167 shares in the last quarter. BlackRock Inc. grew its position in American Airlines Group by 1.9% in the fourth quarter. BlackRock Inc. now owns 23,557,390 shares of the airline’s stock valued at $756,426,000 after acquiring an additional 444,541 shares in the last quarter. Harris Associates L P grew its position in American Airlines Group by 14.0% in the fourth quarter. Harris Associates L P now owns 18,951,352 shares of the airline’s stock valued at $608,528,000 after acquiring an additional 2,328,627 shares in the last quarter. FMR LLC grew its position in American Airlines Group by 37.5% in the fourth quarter. FMR LLC now owns 14,226,885 shares of the airline’s stock valued at $456,824,000 after acquiring an additional 3,883,285 shares in the last quarter. Finally, Lansdowne Partners UK LLP grew its position in American Airlines Group by 23.5% in the third quarter. Lansdowne Partners UK LLP now owns 7,391,768 shares of the airline’s stock valued at $305,501,000 after acquiring an additional 1,407,699 shares in the last quarter. 80.83% of the stock is owned by institutional investors.
About American Airlines Group
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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