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

American Airlines Group Inc. (NASDAQ:AAL) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 47,430,000 shares, a decrease of 16.7% from the November 15th total of 56,940,000 shares. Based on an average daily trading volume, of 33,710,000 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On American Airlines Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares in the last quarter. UMB Bank n.a. raised its stake in American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after acquiring an additional 2,264 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of American Airlines Group in the second quarter worth about $36,000. ORG Partners LLC acquired a new stake in shares of American Airlines Group in the 2nd quarter valued at approximately $36,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of American Airlines Group during the 2nd quarter valued at approximately $43,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $16.92 on Monday. The company has a market capitalization of $11.12 billion, a P/E ratio of 51.27, a P/E/G ratio of 0.29 and a beta of 1.41. The business’s 50 day simple moving average is $14.06 and its 200 day simple moving average is $11.94. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $18.20.

American Airlines Group (NASDAQ:AAL) last released its 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. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company had revenue of $13.65 billion for 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% on a year-over-year basis. On average, sell-side analysts anticipate that American Airlines Group will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AAL shares. Jefferies Financial Group lifted their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Evercore ISI lifted their price target on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. BNP Paribas upgraded American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $15.00 target price on shares of American Airlines Group in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, American Airlines Group has an average rating of “Moderate Buy” and an average target price of $15.99.

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.