American Airlines Group Inc. (NASDAQ:AAL) Sees Significant Growth in Short Interest

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 51,720,000 shares, a growth of 27.5% from the March 31st total of 40,560,000 shares. Based on an average daily volume of 32,220,000 shares, the short-interest ratio is currently 1.6 days.

American Airlines Group Price Performance

NASDAQ:AAL traded down $0.25 during mid-day trading on Friday, reaching $13.88. 36,527,836 shares of the company's stock traded hands, compared to its average volume of 33,690,384. The company has a 50 day moving average price of $14.46 and a 200-day moving average price of $13.64. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 0.11 and a beta of 1.57. American Airlines Group has a 12-month low of $10.86 and a 12-month high of $19.08.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The firm had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business's revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 earnings per share. As a group, analysts forecast that American Airlines Group will post 2.67 EPS for the current year.

Institutional Trading of American Airlines Group

Several large investors have recently bought and sold shares of AAL. Vanguard Group Inc. grew its stake in shares of American Airlines Group by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline's stock worth $1,010,566,000 after buying an additional 667,660 shares during the last quarter. U S Global Investors Inc. grew its stake in shares of American Airlines Group by 18.7% in the 4th quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline's stock worth $174,159,000 after buying an additional 2,001,247 shares during the last quarter. Invesco Ltd. grew its stake in shares of American Airlines Group by 28.3% in the 3rd quarter. Invesco Ltd. now owns 12,119,358 shares of the airline's stock worth $155,249,000 after buying an additional 2,672,793 shares during the last quarter. Northern Trust Corp grew its stake in shares of American Airlines Group by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,748,260 shares of the airline's stock worth $60,825,000 after buying an additional 98,130 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of American Airlines Group in the 3rd quarter worth approximately $59,411,000. 52.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AAL shares. Sanford C. Bernstein lifted their price objective on American Airlines Group from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Tuesday, March 5th. TD Cowen upgraded American Airlines Group from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $14.00 to $21.00 in a report on Friday, January 26th. UBS Group started coverage on American Airlines Group in a report on Wednesday, March 20th. They issued a "buy" rating and a $19.00 price objective on the stock. Wolfe Research upgraded American Airlines Group from a "peer perform" rating to an "outperform" rating and set a $17.00 price objective on the stock in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on American Airlines Group from $19.00 to $22.00 and gave the stock an "overweight" rating in a report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $17.53.

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.