Grupo Aeromexico (NYSE:AERO) Insider Aaron James Murray Sells 600,000 Shares of Stock

Grupo Aeromexico (NYSE:AERO) insider Aaron James Murray sold 600,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $1.51, for a total transaction of $906,000.00. Following the completion of the sale, the insider directly owned 1,968,130 shares in the company, valued at approximately $2,971,876.30. This represents a 23.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, May 21st, Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock. The shares were sold at an average price of $1.56, for a total transaction of $546,000.00.

Grupo Aeromexico Stock Up 0.5%

Shares of AERO opened at $16.06 on Friday. The company has a market capitalization of $2.19 billion and a PE ratio of 19.58. The firm’s fifty day moving average price is $14.85. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05.

Grupo Aeromexico (NYSE:AERO) last issued its quarterly earnings results 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 business had revenue of $1.34 billion for the quarter. As a group, research analysts forecast that Grupo Aeromexico will post 1.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a research note on Monday, May 11th. Barclays cut their price objective on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Zacks Research downgraded shares of Grupo Aeromexico from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.43.

Institutional Investors Weigh In On Grupo Aeromexico

A number of hedge funds have recently added to or reduced their stakes in AERO. Public Employees Retirement System of Ohio bought a new stake in shares of Grupo Aeromexico during the first quarter valued at approximately $56,000. Federated Hermes Inc. bought a new stake in shares of Grupo Aeromexico during the fourth quarter valued at approximately $220,000. Sandia Investment Management LP purchased a new position in shares of Grupo Aeromexico during the fourth quarter valued at approximately $220,000. Quarry LP purchased a new position in shares of Grupo Aeromexico during the fourth quarter valued at approximately $232,000. Finally, R Squared Ltd purchased a new position in shares of Grupo Aeromexico during the first quarter valued at approximately $163,000.

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.