LATAM Airlines Group (NYSE:LTM) Stock Rating Lowered by Wall Street Zen

LATAM Airlines Group (NYSE:LTM) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other analysts have also recently issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Wednesday, October 8th. Zacks Research downgraded shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

LATAM Airlines Group Stock Up 0.8%

LTM stock opened at $43.97 on Friday. LATAM Airlines Group has a twelve month low of $26.18 and a twelve month high of $52.54. The company has a market cap of $13.29 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.43 and a beta of 3.61. The business’s 50-day simple moving average is $45.70 and its 200 day simple moving average is $41.89.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. grew its stake in LATAM Airlines Group by 101.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 309,213 shares of the transportation company’s stock worth $12,566,000 after buying an additional 155,553 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of LATAM Airlines Group by 1,028.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 139,478 shares of the transportation company’s stock worth $4,363,000 after acquiring an additional 127,123 shares in the last quarter. U S Global Investors Inc. acquired a new position in shares of LATAM Airlines Group in the 2nd quarter worth approximately $4,349,000. Kiker Wealth Management LLC bought a new stake in LATAM Airlines Group during the 2nd quarter worth approximately $1,459,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in LATAM Airlines Group during the 2nd quarter valued at $4,458,000.

About LATAM Airlines Group

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Europe, Colombia, Brazil, Ecuador, Chile, the Asia Pacific, and rest of Latin America. The company operates in two segments, Air Transportation; and Multiplus Coalition and Loyalty Program.