LATAM Airlines Group S.A. $LTM Stock Sold by William Blair Investment Management LLC

William Blair Investment Management LLC cut its holdings in LATAM Airlines Group S.A. (NYSE:LTM) by 41.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 472,733 shares of the transportation company’s stock after selling 335,895 shares during the quarter. William Blair Investment Management LLC owned 0.16% of LATAM Airlines Group worth $23,579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mather Group LLC. purchased a new position in LATAM Airlines Group in the third quarter worth $26,000. Assetmark Inc. boosted its position in shares of LATAM Airlines Group by 684.3% during the 1st quarter. Assetmark Inc. now owns 1,302 shares of the transportation company’s stock worth $64,000 after purchasing an additional 1,136 shares in the last quarter. Signaturefd LLC boosted its position in shares of LATAM Airlines Group by 41.4% during the 3rd quarter. Signaturefd LLC now owns 1,448 shares of the transportation company’s stock worth $72,000 after purchasing an additional 424 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of LATAM Airlines Group during the 3rd quarter worth $81,000. Finally, GAMMA Investing LLC boosted its position in shares of LATAM Airlines Group by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,647 shares of the transportation company’s stock worth $96,000 after purchasing an additional 342 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LTM shares. Weiss Ratings raised shares of LATAM Airlines Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 26th. Wall Street Zen cut shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research cut shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.27.

LATAM Airlines Group Price Performance

NYSE:LTM traded down $0.04 during trading hours on Friday, reaching $47.37. 608,494 shares of the company traded hands, compared to its average volume of 1,103,818. The firm’s 50-day moving average is $49.04 and its 200-day moving average is $52.19. The stock has a market cap of $13.60 billion, a P/E ratio of 8.34, a P/E/G ratio of 1.13 and a beta of 3.87. LATAM Airlines Group S.A. has a 1-year low of $41.44 and a 1-year high of $70.42.

LATAM Airlines Group (NYSE:LTM) last released its quarterly earnings results on Tuesday, November 3rd. The transportation company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.23. LATAM Airlines Group had a return on equity of 87.90% and a net margin of 9.65%. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.54 billion. As a group, research analysts predict that LATAM Airlines Group S.A. will post 4.99 earnings per share for the current year.

LATAM Airlines Group Profile

LATAM Airlines Group is a Chile-based airline group that provides passenger and air cargo transportation in Latin America and other international markets. Its passenger operations connect major cities across the region with destinations in North America, Europe and Oceania. The group operates airlines in several Latin American countries, including Brazil, Chile, Colombia, Ecuador and Peru. Its services include domestic and international passenger flights, along with cargo transportation through its cargo businesses.