Verde Servicos Internacionais S.A. Invests $679,000 in LATAM Airlines Group S.A. $LTM

Verde Servicos Internacionais S.A. purchased a new stake in LATAM Airlines Group S.A. (NYSE:LTM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,000 shares of the transportation company’s stock, valued at approximately $679,000. LATAM Airlines Group accounts for approximately 0.2% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 27th biggest position.

A number of other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new stake in LATAM Airlines Group during the first quarter valued at about $3,061,000. Goldman Sachs Group Inc. increased its position in shares of LATAM Airlines Group by 133.9% in the first quarter. Goldman Sachs Group Inc. now owns 40,258 shares of the transportation company’s stock worth $1,259,000 after acquiring an additional 23,044 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of LATAM Airlines Group by 113.8% during the first quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 1,700 shares during the period. Blue Trust Inc. lifted its position in shares of LATAM Airlines Group by 58.4% in the 2nd quarter. Blue Trust Inc. now owns 3,087 shares of the transportation company’s stock valued at $125,000 after acquiring an additional 1,138 shares in the last quarter. Finally, Aubrey Capital Management Ltd boosted its stake in LATAM Airlines Group by 19.1% in the 2nd quarter. Aubrey Capital Management Ltd now owns 335,153 shares of the transportation company’s stock worth $13,620,000 after purchasing an additional 53,753 shares during the period.

LATAM Airlines Group Trading Up 0.5%

Shares of NYSE:LTM opened at $61.44 on Thursday. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 0.41 and a beta of 3.89. LATAM Airlines Group S.A. has a 1 year low of $26.36 and a 1 year high of $70.42. The business has a fifty day simple moving average of $57.97 and a 200 day simple moving average of $49.97.

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

Analyst Ratings Changes

Several brokerages have issued reports on LTM. Wall Street Zen raised shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $58.50 price target on shares of LATAM Airlines Group in a report on Friday, December 5th. Zacks Research raised LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Weiss Ratings restated a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Thursday, January 22nd. Finally, Barclays reaffirmed an “overweight” rating and set a $75.00 target price (up previously from $60.00) on shares of LATAM Airlines Group in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $66.75.

About LATAM Airlines Group

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.