Raymond James Financial Services Advisors Inc. boosted its stake in Azul SA (NYSE:AZUL) by 126.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,097 shares of the company’s stock after buying an additional 11,772 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Azul were worth $616,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of AZUL. Picton Mahoney Asset Management raised its stake in Azul by 1,131.3% during the first quarter. Picton Mahoney Asset Management now owns 98,500 shares of the company’s stock worth $2,877,000 after purchasing an additional 90,500 shares during the period. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Azul during the first quarter valued at about $766,000. Quantamental Technologies LLC increased its position in shares of Azul by 237.7% during the first quarter. Quantamental Technologies LLC now owns 1,013 shares of the company’s stock valued at $30,000 after acquiring an additional 713 shares during the last quarter. Zweig DiMenna Associates LLC increased its position in shares of Azul by 2.2% during the first quarter. Zweig DiMenna Associates LLC now owns 1,456,219 shares of the company’s stock valued at $42,536,000 after acquiring an additional 30,693 shares during the last quarter. Finally, DNB Asset Management AS increased its position in shares of Azul by 4.8% during the first quarter. DNB Asset Management AS now owns 17,346 shares of the company’s stock valued at $507,000 after acquiring an additional 800 shares during the last quarter. Institutional investors and hedge funds own 6.87% of the company’s stock.
A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Azul from a “hold” rating to a “buy” rating in a research report on Thursday, June 6th. Zacks Investment Research cut shares of Azul from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. Finally, Buckingham Research lifted their price objective on shares of Azul from $37.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Azul has an average rating of “Buy” and an average price target of $33.02.
Azul (NYSE:AZUL) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.57 billion. Azul had a net margin of 3.59% and a return on equity of 15.84%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. On average, equities research analysts forecast that Azul SA will post 1.82 EPS for the current year.
Azul SA provides passenger and cargo air transportation services in Brazil. As of March 31, 2018, it operated 739 daily flights to 106 destinations through a network of 206 non-stop routes with a fleet of 120 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.
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