LATAM Airlines Group S.A. (NYSE:LTM) Short Interest Update

LATAM Airlines Group S.A. (NYSE:LTM) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 3,397,117 shares, a growth of 89.0% from the July 15th total of 1,797,135 shares. Based on an average daily volume of 663,105 shares, the short-interest ratio is presently 5.1 days. Approximately 1.3% of the shares of the stock are sold short.

LATAM Airlines Group Stock Down 0.2%

Shares of NYSE:LTM opened at $52.15 on Tuesday. The business has a fifty day simple moving average of $54.31 and a 200-day simple moving average of $53.44. LATAM Airlines Group has a 52 week low of $41.41 and a 52 week high of $70.42. The company has a market cap of $14.97 billion, a P/E ratio of 9.59, a P/E/G ratio of 1.15 and a beta of 3.62.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. LATAM Airlines Group had a net margin of 9.69% and a return on equity of 101.21%. The company had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $4.06 billion. Sell-side analysts expect that LATAM Airlines Group will post 5.46 earnings per share for the current fiscal year.

Institutional Trading of LATAM Airlines Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in LATAM Airlines Group by 49.1% during the fourth quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 246 shares during the period. Assetmark Inc. lifted its position in LATAM Airlines Group by 684.3% during the first quarter. Assetmark Inc. now owns 1,302 shares of the transportation company’s stock valued at $64,000 after buying an additional 1,136 shares in the last quarter. Leonteq Securities AG purchased a new stake in LATAM Airlines Group during the fourth quarter worth approximately $78,000. GAMMA Investing LLC increased its position in shares of LATAM Airlines Group by 26.2% in the second quarter. GAMMA Investing LLC now owns 1,647 shares of the transportation company’s stock worth $96,000 after acquiring an additional 342 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of LATAM Airlines Group in the 2nd quarter valued at $90,000.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of LATAM Airlines Group in a research note on Wednesday, June 3rd. They set an “overweight” rating and a $70.00 price objective for the company. Jefferies Financial Group initiated coverage on LATAM Airlines Group in a report on Thursday, June 18th. They set a “buy” rating and a $70.00 target price on the stock. Zacks Research raised LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Friday, July 17th. Finally, Wall Street Zen downgraded shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock 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.