Short Interest in American Airlines Group Inc (AAL) Grows By 5.6%

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American Airlines Group Inc (NASDAQ:AAL) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 25,455,862 shares, a growth of 5.6% from the January 15th total of 24,108,578 shares. Based on an average daily trading volume, of 10,905,518 shares, the short-interest ratio is presently 2.3 days. Currently, 5.6% of the shares of the stock are short sold.

NASDAQ:AAL traded up $0.59 during midday trading on Monday, reaching $36.59. 4,917,785 shares of the stock traded hands, compared to its average volume of 9,146,771. American Airlines Group has a 12-month low of $28.81 and a 12-month high of $57.44. The stock has a market capitalization of $16.79 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.18 and a beta of 1.59.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 24th. The airline reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. American Airlines Group had a net margin of 3.17% and a negative return on equity of 322.87%. The company had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. American Airlines Group’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts anticipate that American Airlines Group will post 6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Wednesday, February 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, February 5th. This represents a $0.40 dividend on an annualized basis and a yield of 1.09%. American Airlines Group’s payout ratio is 8.79%.

Several analysts have recently issued reports on AAL shares. JPMorgan Chase & Co. set a $53.00 target price on shares of American Airlines Group and gave the company a “buy” rating in a research report on Monday, October 15th. Imperial Capital dropped their target price on shares of American Airlines Group from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 16th. Raymond James dropped their target price on shares of American Airlines Group from $52.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 16th. Deutsche Bank upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $40.00 to $47.00 in a research note on Wednesday, October 17th. Finally, BidaskClub upgraded shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $47.24.

In other news, Director Jeffrey D. Benjamin bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was bought at an average price of $35.69 per share, with a total value of $535,350.00. Following the acquisition, the director now owns 22,146 shares of the company’s stock, valued at approximately $790,390.74. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.70% of the company’s stock.

A number of large investors have recently bought and sold shares of AAL. Park Avenue Securities LLC grew its position in shares of American Airlines Group by 4.9% in the fourth quarter. Park Avenue Securities LLC now owns 9,461 shares of the airline’s stock valued at $301,000 after purchasing an additional 440 shares during the period. Comerica Bank raised its stake in American Airlines Group by 0.7% during the fourth quarter. Comerica Bank now owns 83,292 shares of the airline’s stock worth $3,023,000 after purchasing an additional 590 shares during the period. IFP Advisors Inc raised its stake in American Airlines Group by 6.7% during the fourth quarter. IFP Advisors Inc now owns 10,224 shares of the airline’s stock worth $325,000 after purchasing an additional 641 shares during the period. Advisors Capital Management LLC raised its stake in American Airlines Group by 1.0% during the fourth quarter. Advisors Capital Management LLC now owns 69,651 shares of the airline’s stock worth $2,236,000 after purchasing an additional 708 shares during the period. Finally, IMS Capital Management purchased a new position in American Airlines Group during the third quarter worth about $35,000. 82.04% of the stock is owned by institutional investors.

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American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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