LATAM Airlines Group S.A. $LTM Shares Sold by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd reduced its holdings in shares of LATAM Airlines Group S.A. (NYSE:LTM) by 14.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 292,253 shares of the transportation company’s stock after selling 50,400 shares during the period. LATAM Airlines Group makes up 7.8% of Aubrey Capital Management Ltd’s holdings, making the stock its 3rd biggest holding. Aubrey Capital Management Ltd’s holdings in LATAM Airlines Group were worth $14,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pictet Asset Management Holding SA bought a new stake in LATAM Airlines Group during the 4th quarter worth approximately $5,822,000. UBS Group AG boosted its holdings in LATAM Airlines Group by 8.1% in the fourth quarter. UBS Group AG now owns 610,678 shares of the transportation company’s stock worth $32,983,000 after acquiring an additional 45,607 shares in the last quarter. JPMorgan Chase & Co. grew its position in LATAM Airlines Group by 79.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 535,389 shares of the transportation company’s stock valued at $24,226,000 after purchasing an additional 237,363 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of LATAM Airlines Group by 87.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,018,218 shares of the transportation company’s stock valued at $54,994,000 after buying an additional 474,593 shares during the last quarter. Finally, Fundamenta Capital S.A. acquired a new position in LATAM Airlines Group during the 4th quarter valued at about $14,987,000.

Analyst Upgrades and Downgrades

LTM has been the subject of several recent analyst reports. Jefferies Financial Group assumed coverage on shares of LATAM Airlines Group in a research note on Thursday, June 18th. They issued a “buy” rating and a $70.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Tuesday, April 21st. Morgan Stanley raised shares of LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $61.00 to $60.00 in a research report on Thursday, March 26th. The Goldman Sachs Group reissued a “buy” rating and set a $72.60 price objective on shares of LATAM Airlines Group in a report on Tuesday, May 12th. Finally, Zacks Research upgraded shares of LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $66.27.

LATAM Airlines Group Price Performance

Shares of NYSE LTM opened at $53.43 on Wednesday. The stock has a market capitalization of $15.34 billion, a P/E ratio of 9.20, a PEG ratio of 1.26 and a beta of 3.61. The firm’s 50 day simple moving average is $52.81 and its two-hundred day simple moving average is $54.24. LATAM Airlines Group S.A. has a one year low of $40.52 and a one year high of $70.42.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings results on Wednesday, May 6th. The transportation company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.66. LATAM Airlines Group had a net margin of 11.03% and a return on equity of 127.75%. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.96 billion. As a group, equities analysts expect that LATAM Airlines Group S.A. will post 5.03 earnings per share for the current fiscal year.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.