American Airlines Group Inc. (NASDAQ:AAL) Sees Large Increase in Short Interest

American Airlines Group Inc. (NASDAQ:AAL) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 51,720,000 shares, an increase of 27.5% from the March 31st total of 40,560,000 shares. Based on an average daily trading volume, of 32,220,000 shares, the days-to-cover ratio is currently 1.6 days.

Hedge Funds Weigh In On American Airlines Group

Hedge funds have recently bought and sold shares of the business. Gables Capital Management Inc. lifted its position in shares of American Airlines Group by 100.0% in the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after purchasing an additional 1,000 shares during the period. Vermillion & White Wealth Management Group LLC bought a new position in American Airlines Group during the fourth quarter valued at about $27,000. DekaBank Deutsche Girozentrale bought a new position in American Airlines Group during the third quarter valued at about $33,000. Quarry LP bought a new position in American Airlines Group during the fourth quarter valued at about $34,000. Finally, GAMMA Investing LLC purchased a new stake in American Airlines Group during the fourth quarter valued at about $38,000. 52.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Evercore ISI reiterated a “hold” rating and issued a $17.00 price target on shares of American Airlines Group in a report on Monday, January 29th. Morgan Stanley restated an “overweight” rating and set a $20.00 price objective on shares of American Airlines Group in a report on Tuesday, March 5th. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, January 11th. JPMorgan Chase & Co. upped their price target on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, TD Cowen raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $21.00 in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, American Airlines Group has a consensus rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Price Performance

AAL opened at $13.98 on Tuesday. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57. The firm has a 50 day simple moving average of $14.45 and a 200 day simple moving average of $13.66. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same quarter in the previous year, the company posted $0.05 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, analysts expect that American Airlines Group will post 2.67 EPS for the current year.

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.