Trading Report: The Short Interest in American Airlines Group Inc. (AAL) Drops By 4.9%

The Short Interest in American Airlines Group Inc. (AAL) Drops By 4.9%

American Airlines Group Inc. (NASDAQ:AAL) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 34,234,262 shares, a decline of 4.9% from the October 31st total of 35,992,578 shares. Based on an average trading volume of 7,791,774 shares, the days-to-cover ratio is currently 4.4 days. Currently, 6.7% of the company’s stock are sold short.

AAL has been the topic of several analyst reports. Vetr raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $41.57 price target on the stock in a research note on Monday, October 24th. Imperial Capital reissued an “in-line” rating and issued a $43.00 target price (up previously from $40.00) on shares of American Airlines Group in a research report on Friday, October 21st. Wolfe Research set a $46.00 target price on shares of American Airlines Group and gave the stock a “buy” rating in a research report on Friday, October 21st. Stifel Nicolaus dropped their target price on shares of American Airlines Group from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, October 12th. Finally, Raymond James Financial Inc. downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 21st. Four research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $44.09.

In related news, EVP Beverly K. Goulet sold 5,000 shares of American Airlines Group stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $46.18, for a total transaction of $230,900.00. Following the sale, the executive vice president now owns 238,604 shares of the company’s stock, valued at approximately $11,018,732.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maya Leibman sold 10,000 shares of American Airlines Group stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $36.34, for a total transaction of $363,400.00. Following the sale, the executive vice president now directly owns 196,907 shares in the company, valued at approximately $7,155,600.38. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

Several institutional investors have recently made changes to their positions in AAL. Van Hulzen Asset Management LLC acquired a new position in shares of American Airlines Group during the third quarter worth about $106,000. Cribstone Capital Management LLC acquired a new position in shares of American Airlines Group during the second quarter worth about $108,000. Westbourne Investment Advisors Inc. acquired a new position in shares of American Airlines Group during the second quarter worth about $115,000. Checchi Capital Advisers LLC boosted its position in shares of American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock worth $117,000 after buying an additional 37 shares in the last quarter. Finally, Evercore Wealth Management LLC boosted its position in shares of American Airlines Group by 60.1% in the second quarter. Evercore Wealth Management LLC now owns 4,601 shares of the airline’s stock worth $130,000 after buying an additional 1,727 shares in the last quarter. Institutional investors own 75.78% of the company’s stock.

Shares of American Airlines Group (NASDAQ:AAL) opened at 46.82 on Monday. The firm has a market capitalization of $24.26 billion, a price-to-earnings ratio of 4.85 and a beta of 0.88. American Airlines Group has a 52 week low of $24.85 and a 52 week high of $46.95. The stock has a 50 day moving average of $41.37 and a 200-day moving average of $35.75.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 20th. The airline reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $1.23. American Airlines Group had a net margin of 14.16% and a return on equity of 95.17%. The firm earned $10.60 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the prior year, the firm earned $2.77 EPS. The business’s revenue was down 1.0% on a year-over-year basis. Analysts expect that American Airlines Group will post $5.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Monday, November 7th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, November 3rd. American Airlines Group’s dividend payout ratio is 4.30%.

American Airlines Group Company Profile

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