Short Interest in American Airlines Group Inc (AAL) Grows By 5.6%
American Airlines Group Inc (NASDAQ:AAL) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 25,455,862 shares, a growth of 5.6% from the January 15th total of 24,108,578 shares. Approximately 5.6% of the company’s stock are short sold. Based on an average daily volume of 10,905,518 shares, the short-interest ratio is presently 2.3 days.
Shares of American Airlines Group stock traded up $0.59 during trading hours on Monday, hitting $36.59. The company had a trading volume of 4,917,785 shares, compared to its average volume of 9,146,771. American Airlines Group has a twelve month low of $28.81 and a twelve month high of $57.44. The stock has a market cap of $16.79 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.18 and a beta of 1.59.
American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter in the prior year, the business posted $0.95 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts expect that American Airlines Group will post 6 earnings per share for the current year.
In other American Airlines Group news, Director Jeffrey D. Benjamin acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average price of $35.69 per share, for a total transaction of $535,350.00. Following the completion of the acquisition, the director now owns 22,146 shares of the company’s stock, valued at approximately $790,390.74. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.
Several institutional investors have recently modified their holdings of AAL. Primecap Management Co. CA grew its stake in shares of American Airlines Group by 16.3% during the 3rd quarter. Primecap Management Co. CA now owns 68,944,981 shares of the airline’s stock worth $2,849,496,000 after purchasing an additional 9,665,167 shares during the period. Capital World Investors raised its holdings in American Airlines Group by 653.7% in the third quarter. Capital World Investors now owns 6,572,000 shares of the airline’s stock valued at $271,621,000 after buying an additional 5,700,000 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of American Airlines Group by 2,405.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,249,791 shares of the airline’s stock worth $132,000 after buying an additional 4,080,170 shares in the last quarter. Lansdowne Partners UK LLP boosted its holdings 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 worth $305,501,000 after purchasing an additional 1,407,699 shares during the period. Finally, Packer & Co Ltd boosted its holdings in American Airlines Group by 275.7% in the fourth quarter. Packer & Co Ltd now owns 1,239,800 shares of the airline’s stock worth $13,627,000 after purchasing an additional 909,800 shares during the period. Institutional investors and hedge funds own 82.04% of the company’s stock.
AAL has been the subject of several analyst reports. JPMorgan Chase & Co. set a $53.00 price target on shares of American Airlines Group and gave the stock a “buy” rating in a report on Monday, October 15th. Imperial Capital lowered their price target on shares of American Airlines Group from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Tuesday, October 16th. Raymond James lowered their price target on shares of American Airlines Group from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, October 16th. Deutsche Bank upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $47.00 in a report on Wednesday, October 17th. Finally, BidaskClub upgraded shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Thursday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $47.24.
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American Airlines Group Company Profile
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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