Short Interest in American Airlines Group Inc (AAL) Expands By 8.2%

Lloyd Doyle
December 7, 2017

The institutional investor owned 656,433 shares of the airline's stock after selling 820,107 shares during the period. 2,829,527 shares of the company's stock traded hands, compared to its average volume of 6,014,988.

American Airlines Group Inc is a holding company. (NASDAQ:AAL) has risen 40.65% since December 6, 2016 and is uptrending. Its down 5.64% from 25.81M shares, reported previously. Herndon Cap Management Ltd invested in 106 shares or 0% of the stock. The stock increased 0.44% or $0.22 during the last trading session, reaching $49.69. It has underperformed by 103.74% the S&P500.

In related news, Director Alberto Ibarguen sold 4,229 shares of American Airlines Group stock in a transaction that occurred on Friday, November 17th. Therefore 48% are positive. Caxton Assocs Limited Partnership, New Jersey-based fund reported 7,800 shares. Morgan Stanley maintained the shares of AAL in report on Thursday, August 17 with "Equal-Weight" rating. The stock now has a consensus rating of "Buy" and a consensus target price of $58.47. The stock has "Solid Sell" rating by Zacks on Tuesday, August 11. (NASDAQ:AAL) rating on Wednesday, September 2. The firm has "Buy" rating by Stifel Nicolaus given on Monday, October 23. (NASDAQ:AAL) rating on Thursday, January 7. The company was upgraded on Thursday, March 24 by Raymond James. As per Monday, July 17, the company rating was maintained by Morgan Stanley. The firm has "Buy" rating given on Wednesday, September 13 by Citigroup. Imperial Capital maintained it with "In-Line" rating and $52 target in Tuesday, January 31 report. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 0.70 as current ratio and on the opponent side the debt to equity ratio was 6.25 and long-term debt to equity ratio also remained 5.63. Its down 0.03, from 0.94 in 2017Q1. It turned negative, as 47 investors sold AAL shares while 194 reduced holdings.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. The airline reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.02. Hanson Mcclain has invested 0% of its portfolio in American Airlines Group Inc.


American Airlines Group Inc (NASDAQ:AAL) traded up $0.14 during midday trading on Wednesday, hitting $49.61. (NASDAQ:AAL) news were published by: Nasdaq.com which released: "American Airlines Group, Inc". Nelson Van Denburg And Campbell Wealth Mngmt Gp Limited Com owns 0% invested in American Airlines Group Inc. Birinyi Associates Inc sold 29,000 shares as American Airlines Group Inc (AAL)'s stock declined 3.60%. Tarbox Family Office Inc holds 317 shares.

American Airlines Group Inc is a holding company. Da Davidson And reported 13,111 shares stake. Huntington National Bank now owns 2,629 shares of the airline's stock valued at $132,000 after buying an additional 1,100 shares during the last quarter. Corporate insiders own 0.64% of the company's stock. American Airlines Group has a 12 month low of $39.21 and a 12 month high of $54.48. As of November 15th, there was short interest totalling 26,356,901 shares, a growth of 8.2% from the October 31st total of 24,357,623 shares. American Airlines Group had 66 analyst reports since July 28, 2015 according to SRatingsIntel. (NASDAQ:AAL). 872,000 are owned by Capital World Invsts. During the same period previous year, the firm earned $2.80 EPS. Exane Derivatives raised its holdings in American Airlines Group by 416.3% in the third quarter. Finally, Cadence Capital Management LLC increased its position in American Airlines Group by 0.7% during the second quarter. Facebook Inc (NASDAQ:FB) was raised too. "(AMGN) Ex-Dividend Date Scheduled for November 16, 2017" on November 15, 2017, also Reuters.com with their article: "FDA approves heart protection claims for Amgen cholesterol drug" published on December 01, 2017, Marketwatch.com published: "Republican tax bill makes big winners of Amgen, Gilead and other drugmakers" on December 05, 2017. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of American Airlines Group during the 2nd quarter valued at $3,259,000. 100 funds opened positions while 517 raised stakes. Andra Ap invested in 30,200 shares or 0.04% of the stock. Swiss Comml Bank accumulated 459,700 shares. Portland Advisors Llc reported 1.04% in Amgen Inc. (NASDAQ:AMGN). Ledyard Bank has 0.77% invested in Amgen Inc. Gemmer Asset Ltd Liability holds 180 shares or 0% of its portfolio. Evercore Wealth Limited Company reported 14,334 shares. 50,000 were reported by Redwood Capital Mgmt Lc. Quantum Capital Management stated it has 0.19% in Amgen Inc. Wetherby Asset Management Inc. now owns 4,969 shares of the airline's stock worth $250,000 after purchasing an additional 47 shares during the last quarter. 406,169 were accumulated by Sumitomo Mitsui Tru Inc.

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