150,000 Shares in Grupo Aeromexico $AERO Bought by Seven Grand Managers LLC

Seven Grand Managers LLC purchased a new stake in Grupo Aeromexico (NYSE:AERO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $3,294,000. Seven Grand Managers LLC owned about 0.11% of Grupo Aeromexico as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Strategic Value Partners LLC purchased a new stake in Grupo Aeromexico in the fourth quarter valued at $208,318,000.

Insiders Place Their Bets

In other Grupo Aeromexico news, insider Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total value of $906,000.00. Following the completion of the transaction, the insider owned 1,968,130 shares of the company’s stock, valued at approximately $2,971,876.30. The trade was a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AERO. Weiss Ratings lowered shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. JPMorgan Chase & Co. lowered their price target on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Zacks Research upgraded Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Wall Street Zen raised shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.43.

Grupo Aeromexico Stock Performance

AERO opened at $17.01 on Thursday. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05. The company has a fifty day moving average of $15.01 and a two-hundred day moving average of $17.73. The stock has a market capitalization of $2.32 billion and a price-to-earnings ratio of 20.75.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The company had revenue of $1.34 billion during the quarter. On average, equities research analysts forecast that Grupo Aeromexico will post 1.13 earnings per share for the current year.

Grupo Aeromexico 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.