American Airlines Group Inc. (NASDAQ:AAL) Short Interest Down 18.8% in October

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 66,510,000 shares, a decline of 18.8% from the October 15th total of 81,870,000 shares. Based on an average daily trading volume, of 33,510,000 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of American Airlines Group

Large investors have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock worth $29,000 after acquiring an additional 911 shares in the last quarter. UMB Bank n.a. boosted its position in shares of 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 buying an additional 2,264 shares during the period. Beaird Harris Wealth Management LLC raised its holdings in shares of American Airlines Group by 51.3% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline's stock valued at $36,000 after purchasing an additional 795 shares during the last quarter. ORG Partners LLC acquired a new position in shares of American Airlines Group during the 2nd quarter worth approximately $36,000. Finally, Sentry Investment Management LLC acquired a new stake in American Airlines Group in the 2nd quarter valued at about $36,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Price Performance

Shares of NASDAQ AAL traded up $0.02 during mid-day trading on Friday, hitting $14.28. The company had a trading volume of 13,009,457 shares, compared to its average volume of 34,273,230. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 43.21, a PEG ratio of 0.25 and a beta of 1.39. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $16.15. The firm's 50 day simple moving average is $12.14 and its two-hundred day simple moving average is $11.76.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $13.65 billion for the quarter, compared to analysts' expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. Equities analysts forecast that American Airlines Group will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AAL shares. Redburn Atlantic raised shares of American Airlines Group to a "hold" rating in a research report on Tuesday, September 3rd. Bank of America raised their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an "underperform" rating in a report on Friday, October 25th. Susquehanna boosted their price objective on American Airlines Group from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Barclays raised American Airlines Group from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $10.00 to $16.00 in a research note on Thursday. Finally, Evercore cut their price objective on shares of American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $13.96.

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.