American Airlines Group Inc. (NASDAQ:AAL) Short Interest Down 18.8% in October

American Airlines Group Inc. (NASDAQ:AAL) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 66,510,000 shares, a decrease of 18.8% from the October 15th total of 81,870,000 shares. Based on an average daily volume of 33,510,000 shares, the short-interest ratio is presently 2.0 days.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. TD Cowen upped their target price on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Bank of America boosted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Evercore ISI raised their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Jefferies Financial Group increased their price objective on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. Finally, BNP Paribas upgraded American Airlines Group to a “hold” rating in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.89.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares during the period. UMB Bank n.a. grew its position in shares of American Airlines Group by 404.3% in the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after purchasing an additional 2,264 shares in the last quarter. Beaird Harris Wealth Management LLC raised its stake in shares of American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares during the period. ORG Partners LLC purchased a new stake in American Airlines Group during the 2nd quarter worth about $36,000. Finally, Sentry Investment Management LLC bought a new position in American Airlines Group in the 2nd quarter worth about $36,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Trading Up 1.8 %

AAL opened at $14.26 on Friday. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $16.15. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 43.46, a PEG ratio of 0.25 and a beta of 1.39. The company’s fifty day moving average price is $12.14 and its two-hundred day moving average price is $11.76.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same period in the prior year, the firm posted $0.38 EPS. American Airlines Group’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that American Airlines Group will post 1.49 earnings per share for the current fiscal year.

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.