Advisors Preferred LLC Increases Position in LATAM Airlines Group S.A. $LTM

Advisors Preferred LLC lifted its position in LATAM Airlines Group S.A. (NYSE:LTM) by 448.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,864 shares of the transportation company’s stock after acquiring an additional 17,875 shares during the period. Advisors Preferred LLC’s holdings in LATAM Airlines Group were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of LATAM Airlines Group by 49.1% during the fourth quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock worth $40,000 after purchasing an additional 246 shares during the period. Leonteq Securities AG acquired a new position in LATAM Airlines Group in the 4th quarter worth approximately $78,000. Tower Research Capital LLC TRC acquired a new position in LATAM Airlines Group in the 2nd quarter worth approximately $90,000. Mirae Asset Global Investments Co. Ltd. raised its position in LATAM Airlines Group by 19.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,386 shares of the transportation company’s stock worth $129,000 after buying an additional 391 shares during the last quarter. Finally, Royal Bank of Canada raised its position in LATAM Airlines Group by 340.2% during the 4th quarter. Royal Bank of Canada now owns 2,672 shares of the transportation company’s stock worth $144,000 after buying an additional 2,065 shares during the last quarter.

LATAM Airlines Group Trading Up 0.2%

Shares of LTM stock opened at $53.43 on Wednesday. LATAM Airlines Group S.A. has a 12-month low of $40.52 and a 12-month high of $70.42. The business’s 50 day moving average is $52.81 and its two-hundred day moving average is $54.24. The company has a market capitalization of $15.34 billion, a P/E ratio of 9.20, a P/E/G ratio of 1.26 and a beta of 3.61.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LATAM Airlines Group in a report on Tuesday, April 21st. Morgan Stanley raised shares of LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $61.00 to $60.00 in a report on Thursday, March 26th. Barclays reduced their target price on shares of LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. JPMorgan Chase & Co. began coverage on shares of LATAM Airlines Group in a report on Wednesday, June 3rd. They issued an “overweight” rating and a $70.00 price target on the stock. Finally, Citigroup raised LATAM Airlines Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $53.00 to $58.00 in a research report on Tuesday, March 17th. One investment 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 company. According to data from MarketBeat, LATAM Airlines Group currently has a consensus rating of “Buy” and a consensus target price of $66.27.

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.