BNP Paribas Arbitrage SA Grows Stock Position in Azul SA (NYSE:AZUL)

BNP Paribas Arbitrage SA boosted its stake in Azul SA (NYSE:AZUL) by 301.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,671 shares of the company’s stock after acquiring an additional 5,011 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Azul were worth $68,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC purchased a new position in Azul in the 4th quarter worth approximately $41,000. Profund Advisors LLC raised its position in shares of Azul by 24.8% in the 4th quarter. Profund Advisors LLC now owns 8,872 shares of the company’s stock valued at $380,000 after purchasing an additional 1,765 shares in the last quarter. Fred Alger Management LLC raised its position in shares of Azul by 3.6% in the 4th quarter. Fred Alger Management LLC now owns 77,700 shares of the company’s stock valued at $3,326,000 after purchasing an additional 2,700 shares in the last quarter. UBS Group AG raised its position in shares of Azul by 61.0% in the 4th quarter. UBS Group AG now owns 8,554 shares of the company’s stock valued at $366,000 after purchasing an additional 3,241 shares in the last quarter. Finally, Deltec Asset Management LLC raised its position in shares of Azul by 7.1% in the 1st quarter. Deltec Asset Management LLC now owns 62,990 shares of the company’s stock valued at $642,000 after purchasing an additional 4,200 shares in the last quarter. Hedge funds and other institutional investors own 2.79% of the company’s stock.

Shares of NYSE:AZUL opened at $11.38 on Wednesday. Azul SA has a 1-year low of $5.30 and a 1-year high of $44.55. The firm has a market capitalization of $4.58 billion, a PE ratio of -1.34 and a beta of 0.99. The business’s 50 day moving average is $10.19 and its 200-day moving average is $23.24.

Azul (NYSE:AZUL) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($1.63) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by ($1.13). The firm had revenue of $632.96 million for the quarter, compared to analyst estimates of $613.01 million. Azul had a negative return on equity of 10.48% and a negative net margin of 41.88%. As a group, equities research analysts anticipate that Azul SA will post -1.53 EPS for the current fiscal year.

Several equities research analysts recently issued reports on AZUL shares. Zacks Investment Research lowered Azul from a “strong-buy” rating to a “strong sell” rating and set a $13.00 price target on the stock. in a research report on Friday, March 27th. ValuEngine raised Azul from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. Deutsche Bank decreased their target price on Azul from $12.00 to $10.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Bank of America started coverage on Azul in a research note on Thursday, May 28th. They set a “neutral” rating for the company. Finally, Morgan Stanley lowered Azul from an “overweight” rating to an “equal weight” rating and set a $10.30 price target for the company. in a research report on Friday, April 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.22.

Azul Company Profile

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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Institutional Ownership by Quarter for Azul (NYSE:AZUL)

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