Short Interest in American Airlines Group Inc. (NASDAQ:AAL) Rises By 34.3%

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 68,720,000 shares, an increase of 34.3% from the March 31st total of 51,170,000 shares. Based on an average daily trading volume, of 57,040,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 10.5% of the company's stock are sold short.

Institutional Investors Weigh In On American Airlines Group

A number of institutional investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new position in shares of American Airlines Group in the 4th quarter worth approximately $25,000. Brooklyn Investment Group lifted its holdings in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after buying an additional 909 shares during the period. Elequin Capital LP boosted its position in American Airlines Group by 208.5% during the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after acquiring an additional 1,182 shares during the last quarter. Bogart Wealth LLC grew its holdings in American Airlines Group by 1,300.0% during the 1st quarter. Bogart Wealth LLC now owns 2,800 shares of the airline's stock worth $30,000 after acquiring an additional 2,600 shares during the period. Finally, Bfsg LLC raised its position in shares of American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors own 52.44% of the company's stock.

American Airlines Group Price Performance

Shares of AAL stock traded up $0.42 on Monday, hitting $10.94. 56,616,916 shares of the company's stock were exchanged, compared to its average volume of 52,969,270. The company has a 50 day moving average of $10.92 and a 200 day moving average of $14.17. The stock has a market cap of $7.21 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.21 and a beta of 1.31. American Airlines Group has a 12 month low of $8.50 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.10. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. The company had revenue of $12.55 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter last year, the business posted ($0.34) EPS. American Airlines Group's revenue for the quarter was down .2% on a year-over-year basis. Sell-side analysts predict that American Airlines Group will post 2.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group reduced their price target on American Airlines Group from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group downgraded shares of American Airlines Group from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $16.00 to $8.00 in a report on Tuesday, April 8th. Redburn Atlantic raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $18.00 to $24.00 in a research report on Wednesday, February 26th. Raymond James dropped their target price on shares of American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their price target on American Airlines Group from $30.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.25.

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.