American Airlines Group Inc. (NASDAQ:AAL) Short Interest Update

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) was the recipient of a large 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 trading volume of 33,710,000 shares, the short-interest ratio is presently 1.4 days.

American Airlines Group Price Performance

AAL stock traded down $0.32 during mid-day trading on Friday, reaching $16.92. 20,174,294 shares of the company's stock were exchanged, compared to its average volume of 33,755,289. The company has a market cap of $11.12 billion, a price-to-earnings ratio of 51.27, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $18.20. The stock's 50 day moving average is $14.06 and its 200 day moving average is $11.95.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion for 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%. The business's revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. On average, research analysts forecast that American Airlines Group will post 1.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AAL. The Goldman Sachs Group restated a "neutral" rating and issued a $15.00 price target on shares of American Airlines Group in a report on Friday, November 15th. TD Cowen upped their price target 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. Jefferies Financial Group lifted their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a "hold" rating in a research note on Wednesday, October 2nd. Evercore ISI raised their target price on American Airlines Group from $10.00 to $12.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lifted their price target on American Airlines Group from $15.00 to $20.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $15.99.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds have recently made changes to their positions in AAL. SG Americas Securities LLC raised its stake in American Airlines Group by 132.8% in the 2nd quarter. SG Americas Securities LLC now owns 147,877 shares of the airline's stock valued at $1,675,000 after purchasing an additional 598,941 shares during the last quarter. ORG Partners LLC purchased a new position in shares of American Airlines Group in the second quarter worth about $36,000. First Citizens Bank & Trust Co. acquired a new position in American Airlines Group during the second quarter worth about $5,987,000. Neo Ivy Capital Management purchased a new stake in American Airlines Group during the 2nd quarter valued at about $4,730,000. Finally, Fifth Third Bancorp raised its holdings in American Airlines Group by 121.7% in the 2nd quarter. Fifth Third Bancorp now owns 25,809 shares of the airline's stock valued at $292,000 after acquiring an additional 14,168 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company's stock.

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.