36,345 Shares in Grupo Aeromexico $AERO Acquired by Element Capital Management LLC

Element Capital Management LLC purchased a new position in shares of Grupo Aeromexico (NYSE:AERO) in the fourth quarter, Holdings Channel reports. The fund purchased 36,345 shares of the company’s stock, valued at approximately $798,000.

Other large investors have also made changes to their positions in the company. Silver Point Capital L.P. acquired a new stake in shares of Grupo Aeromexico in the fourth quarter worth $289,274,000. Strategic Value Partners LLC acquired a new position in Grupo Aeromexico during the fourth quarter valued at $208,318,000. Baupost Group LLC MA purchased a new stake in Grupo Aeromexico in the fourth quarter valued at $106,620,000. Corre Partners Management LLC acquired a new stake in Grupo Aeromexico during the 4th quarter worth about $48,638,000. Finally, 140 Summer Partners LP purchased a new position in shares of Grupo Aeromexico during the 4th quarter valued at about $28,513,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AERO. Zacks Research upgraded Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Barclays decreased their price target on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. JPMorgan Chase & Co. dropped their price objective on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Wall Street Zen cut shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.21.

Insider Activity

In other news, insider Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $1.56, for a total value of $546,000.00. Following the sale, the insider owned 1,618,130 shares in the company, valued at $2,524,282.80. This trade represents a 17.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.82% of the stock is currently owned by company insiders.

Grupo Aeromexico Price Performance

Grupo Aeromexico stock opened at $17.70 on Thursday. The stock has a market capitalization of $2.42 billion and a PE ratio of 21.59. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05. The business has a 50 day simple moving average of $15.94 and a 200-day simple moving average of $17.63.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $1.34 billion for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. On average, equities research analysts anticipate that Grupo Aeromexico will post 0.91 EPS for the current fiscal 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.