Grupo Aeromexico (NYSE:AERO) Insider Sells $546,000.00 in Stock

Grupo Aeromexico (NYSE:AERO) insider Aaron James Murray sold 350,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $1.56, for a total transaction of $546,000.00. Following the sale, the insider owned 1,618,130 shares in the company, valued at $2,524,282.80. This represents a 17.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, May 20th, Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock. The stock was sold at an average price of $1.51, for a total value of $906,000.00.

Grupo Aeromexico Stock Up 0.3%

NYSE:AERO opened at $16.06 on Monday. The stock has a market cap of $2.19 billion and a price-to-earnings ratio of 19.58. The firm’s fifty day moving average is $14.85. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05.

Grupo Aeromexico (NYSE:AERO) last announced its earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $1.34 billion during the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%. As a group, analysts anticipate that Grupo Aeromexico will post 1.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strategic Value Partners LLC acquired a new stake in Grupo Aeromexico in the 4th quarter valued at $208,318,000. Mariner Investment Group LLC purchased a new position in Grupo Aeromexico during the fourth quarter valued at $3,717,000. Element Capital Management LLC purchased a new position in Grupo Aeromexico during the fourth quarter valued at $798,000. 140 Summer Partners LP acquired a new stake in shares of Grupo Aeromexico in the fourth quarter valued at about $28,513,000. Finally, Fourth Sail Capital LP acquired a new stake in shares of Grupo Aeromexico in the fourth quarter valued at about $24,156,000.

Grupo Aeromexico Company Profile

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.