LATAM Airlines Group S.A. (NYSE:LTM) Short Interest Down 18.2% in January

LATAM Airlines Group S.A. (NYSE:LTM) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 2,287,144 shares, a decline of 18.2% from the January 15th total of 2,794,378 shares. Based on an average trading volume of 1,025,941 shares, the short-interest ratio is currently 2.2 days. Approximately 0.8% of the company’s stock are sold short. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 1,025,941 shares, the short-interest ratio is currently 2.2 days.

LATAM Airlines Group Trading Down 2.6%

NYSE:LTM traded down $1.60 during mid-day trading on Monday, hitting $59.63. 1,718,594 shares of the company’s stock traded hands, compared to its average volume of 1,798,008. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 0.40 and a beta of 3.88. The firm has a 50 day moving average of $58.52 and a two-hundred day moving average of $50.40. LATAM Airlines Group has a 12 month low of $26.36 and a 12 month high of $70.42.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings data on Tuesday, February 3rd. The transportation company reported $1.69 earnings per share (EPS) 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 the consensus estimate of $3.81 billion. LATAM Airlines Group had a net margin of 10.07% and a return on equity of 136.61%. As a group, equities research analysts expect that LATAM Airlines Group will post 3.37 earnings per share for the current year.

Hedge Funds Weigh In On LATAM Airlines Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position in shares of LATAM Airlines Group by 49.1% during the 4th quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock worth $40,000 after buying an additional 246 shares during the period. Leonteq Securities AG bought a new position in LATAM Airlines Group in the fourth quarter valued at approximately $78,000. Caitong International Asset Management Co. Ltd grew its holdings in LATAM Airlines Group by 761.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the transportation company’s stock worth $88,000 after acquiring an additional 1,918 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of LATAM Airlines Group during the 2nd quarter valued at $90,000. Finally, Rhumbline Advisers lifted its stake in shares of LATAM Airlines Group by 113.8% in the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 1,700 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LTM. The Goldman Sachs Group set a $64.10 price target on shares of LATAM Airlines Group and gave the stock a “neutral” rating in a research note on Thursday. 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 LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Zacks Research raised LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Finally, Barclays reiterated an “overweight” rating and set a $75.00 price target (up previously from $60.00) on shares of LATAM Airlines Group in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.55.

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.