The stock of American Airlines Group Incorporated (NASDAQ:AAL) registered a decrease of 7.87% in short interest. AAL’s total short interest was 44.20 million shares in September as published by FINRA. Its down 7.87% from 47.98M shares, reported previously. With 7.50 million shares average volume, it will take short sellers 6 days to cover their AAL’s short positions. The short interest to American Airlines Group Incorporated’s float is 8.43%. About 1.26M shares traded hands. American Airlines Group Inc (NASDAQ:AAL) has risen 7.85% since February 8, 2016 and is uptrending. It has underperformed by 8.64% the S&P500.
American Airlines Group Inc. is a holding firm whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc. (American) and its regional subsidiaries, Envoy Aviation Group Inc. (Envoy), Piedmont Airlines, Inc. (Piedmont) and PSA Airlines, Inc. (PSA). The company has a market cap of $20.04 billion. The Firm has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix and Washington, D.C. It has a 3.65 P/E ratio. Together with its regional airline subsidiaries and third-party regional carriers operating as American Eagle, the Company’s airline operates an average of approximately 6,700 flights per day to over 350 destinations in approximately 50 countries.
The institutional sentiment decreased to 0.6 in 2016 Q2. Its down 0.02, from 0.62 in 2016Q1. The ratio fall, as 111 funds sold all American Airlines Group Inc shares owned while 206 reduced positions. 40 funds bought stakes while 150 increased positions. They now own 384.56 million shares or 8.83% less from 421.82 million shares in 2016Q1.
Kamunting Street Capital Management L.P. holds 13.75% of its portfolio in American Airlines Group Inc for 211,300 shares. Contrarian Capital Management L.L.C. owns 699,848 shares or 13.6% of their US portfolio. Moreover, Cyrus Capital Partners L.P. has 10.26% invested in the company for 3.84 million shares. The Illinois-based Tyvor Capital Llc has invested 6.11% in the stock. Stelliam Investment Management Lp, a New York-based fund reported 6.15 million shares.
Out of 14 analysts covering American Airlines (NASDAQ:AAL), 6 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 43% are positive. American Airlines has been the topic of 18 analyst reports since September 30, 2015 according to StockzIntelligence Inc. Imperial Capital initiated the stock on August 26 with “In-Line” rating. Bank of America downgraded the shares of AAL in a report on June 16 to “Underperform” rating.
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