Grupo Aeromexico (NYSE:AERO) Insider Aaron James Murray Sells 350,000 Shares of Stock

Grupo Aeromexico (NYSE:AERO) insider Aaron James Murray sold 350,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $1.56, for a total value of $546,000.00. Following the completion of the sale, the insider directly owned 1,618,130 shares in the company, valued at approximately $2,524,282.80. The trade was a 17.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Aaron James Murray also recently made the following trade(s):

• On Wednesday, May 20th, Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock. The shares were sold at an average price of $1.51, for a total value of $906,000.00.

Grupo Aeromexico Stock Performance

NYSE AERO opened at $16.06 on Friday. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05. The company’s 50-day moving average is $14.85. The firm has a market cap of $2.19 billion and a P/E ratio of 19.58.

Grupo Aeromexico (NYSE:AERO) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 EPS for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The company had revenue of $1.34 billion during the quarter. On average, analysts expect that Grupo Aeromexico will post 1.13 EPS for the current fiscal year.

Institutional Trading of Grupo Aeromexico

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in Grupo Aeromexico during the 1st quarter worth approximately $56,000. Federated Hermes Inc. acquired a new stake in Grupo Aeromexico during the 4th quarter worth approximately $220,000. Sandia Investment Management LP acquired a new stake in Grupo Aeromexico during the 4th quarter worth approximately $220,000. Quarry LP acquired a new stake in Grupo Aeromexico during the 4th quarter worth approximately $232,000. Finally, R Squared Ltd purchased a new position in Grupo Aeromexico in the 1st quarter worth approximately $163,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a research note on Monday, May 11th. Zacks Research downgraded shares of Grupo Aeromexico from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Barclays dropped their price objective on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.43.

About Grupo Aeromexico

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.