LATAM Airlines Group S.A. $LTM is Olympus Peak Asset Management LP’s Largest Position

Olympus Peak Asset Management LP lessened its holdings in shares of LATAM Airlines Group S.A. (NYSE:LTM) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,492,410 shares of the transportation company’s stock after selling 213,700 shares during the quarter. LATAM Airlines Group accounts for 100.0% of Olympus Peak Asset Management LP’s portfolio, making the stock its largest position. Olympus Peak Asset Management LP’s holdings in LATAM Airlines Group were worth $293,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its position in shares of LATAM Airlines Group by 248.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,484,669 shares of the transportation company’s stock valued at $67,181,000 after purchasing an additional 1,058,554 shares in the last quarter. SPX Gestao de Recursos Ltda grew its position in shares of LATAM Airlines Group by 3,884.5% during the third quarter. SPX Gestao de Recursos Ltda now owns 935,321 shares of the transportation company’s stock worth $42,323,000 after buying an additional 911,847 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of LATAM Airlines Group by 266.7% in the third quarter. Vanguard Group Inc. now owns 1,039,414 shares of the transportation company’s stock worth $47,033,000 after buying an additional 755,997 shares during the last quarter. UBS Group AG increased its stake in shares of LATAM Airlines Group by 637.5% in the third quarter. UBS Group AG now owns 565,071 shares of the transportation company’s stock worth $25,569,000 after buying an additional 488,450 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of LATAM Airlines Group in the second quarter worth $12,308,000.

LATAM Airlines Group Trading Up 1.2%

LTM stock opened at $47.62 on Friday. The stock’s 50 day simple moving average is $58.53 and its 200 day simple moving average is $51.53. LATAM Airlines Group S.A. has a 12-month low of $26.36 and a 12-month high of $70.42. The firm has a market cap of $14.39 billion, a P/E ratio of 9.56, a P/E/G ratio of 0.32 and a beta of 3.89.

LATAM Airlines Group (NYSE:LTM) last released its quarterly earnings data on Tuesday, February 3rd. The transportation company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.34. LATAM Airlines Group had a net margin of 10.07% and a return on equity of 136.61%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.81 billion. On average, research analysts forecast that LATAM Airlines Group S.A. will post 3.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LTM shares. Barclays reiterated an “overweight” rating and set a $75.00 price objective (up from $60.00) on shares of LATAM Airlines Group in a research note on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 22nd. Zacks Research cut shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, The Goldman Sachs Group set a $64.10 price target on LATAM Airlines Group and gave the stock a “neutral” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.70.

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.