American Airlines Group Inc. (NASDAQ:AAL) Short Interest Down 16.7% in November

American Airlines Group Inc. (NASDAQ:AAL) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 47,430,000 shares, a decline of 16.7% from the November 15th total of 56,940,000 shares. Based on an average daily volume of 33,710,000 shares, the short-interest ratio is currently 1.4 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AAL. Jefferies Financial Group increased their price target on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. TD Cowen upped their price objective on shares of American Airlines Group from $10.00 to $17.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Morgan Stanley raised their price objective on shares of American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group restated a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. Finally, UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.99.

American Airlines Group Stock Down 1.9 %

Shares of AAL stock opened at $16.92 on Friday. The business’s fifty day moving average is $14.06 and its 200 day moving average is $11.95. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 51.27, a PEG ratio of 0.29 and a beta of 1.41. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $18.20.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. American Airlines Group’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. Equities research analysts expect that American Airlines Group will post 1.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Airlines Group

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in shares of American Airlines Group by 132.8% during the 2nd quarter. SG Americas Securities LLC now owns 147,877 shares of the airline’s stock valued at $1,675,000 after buying an additional 598,941 shares in the last quarter. ORG Partners LLC bought a new stake in American Airlines Group during the second quarter worth approximately $36,000. First Citizens Bank & Trust Co. purchased a new stake in American Airlines Group during the 2nd quarter valued at $5,987,000. Neo Ivy Capital Management purchased a new stake in shares of American Airlines Group in the second quarter valued at $4,730,000. Finally, Fifth Third Bancorp lifted its stake in American Airlines Group by 121.7% in the second quarter. Fifth Third Bancorp now owns 25,809 shares of the airline’s stock worth $292,000 after purchasing an additional 14,168 shares during the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Company Profile

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.