American Airlines Group Inc. (NASDAQ: AAL – Get Rating) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 72,810,000 shares, a decrease of 9.6% from the July 31st total of 80,570,000 shares. Based on an average daily trading volume, of 33,650,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 11.4% of the shares of the stock are short sold.
American Airlines Group Stock Performance
NASDAQ: AAL opened at $ 13.33 on Wednesday. The company has a market capitalization of $ 8.66 billion, a price-to-earnings ratio of -4.40 and a beta of 1.53. American Airlines Group has a one year low of $ 11.93 and a one year high of $ 22.35. The stock has a 50-day simple moving average of $ 14.12 and a 200 day simple moving average of $ 15.90.
American Airlines Group (NASDAQ: AAL – Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The airline reported $ 0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $ 0.79 by ($ 0.03). The firm had revenue of $ 13.42 billion during the quarter, compared to analyst estimates of $ 13.40 billion. During the same period in the previous year, the company posted ($ 1.69) EPS. The company’s revenue for the quarter was up 79.5% on a year-over-year basis. On average, equities research analysts forecast that American Airlines Group will post -0.82 EPS for the current fiscal year.
Institutional Investors Weigh In On American Airlines Group
A number of large investors have recently bought and sold shares of the business. Alphastar Capital Management LLC raised its position in American Airlines Group by 2.5% in the first quarter. Alphastar Capital Management LLC now owns 23,336 shares of the airline’s stock worth $ 426,000 after purchasing an additional 569 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of American Airlines Group by 0.3% during the second quarter. Retirement Systems of Alabama now owns 215,323 shares of the airline’s stock valued at $ 2,730,000 after purchasing an additional 708 shares during the last quarter. Franklin Resources Inc. boosted its stake in American Airlines Group by 6.7% in the second quarter. Franklin Resources Inc. now owns 12,311 shares of the airline’s stock valued at $ 156,000 after acquiring an additional 771 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in American Airlines Group by 2.8% in the first quarter. Kestra Private Wealth Services LLC now owns 28,945 shares of the airline’s stock valued at $ 528,000 after acquiring an additional 778 shares during the last quarter. Finally, Fernwood Investment Management LLC raised its holdings in American Airlines Group by 1.6% in the fourth quarter. Fernwood Investment Management LLC now owns 50,379 shares of the airline’s stock worth $ 905,000 after purchasing an additional 782 shares during the period. 54.06% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on AAL shares. Argus cut American Airlines Group from a “buy” rating to a “hold” rating in a report on Friday, July 8th. Susquehanna Bancshares decreased their price objective on American Airlines Group from $ 19.00 to $ 15.00 and set a “neutral” rating on the stock in a report on Tuesday, July 12th. Jefferies Financial Group restated a “hold” rating and set a $ 20.00 price objective on shares of American Airlines Group in a report on Monday, June 27th. Melius started coverage on American Airlines Group in a report on Monday, August 15th. They set a “hold” rating on the stock. Finally, Barclays decreased their price objective on American Airlines Group from $ 20.00 to $ 17.00 and set an “underweight” rating on the stock in a report on Tuesday, June 14th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $ 18.56.
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, Madrid, Seattle / Tacoma, Sydney, and Tokyo.
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