Zweig DiMenna Associates LLC Invests $1.98 Million in Grupo Aeromexico $AERO

Zweig DiMenna Associates LLC acquired a new position in shares of Grupo Aeromexico (NYSE:AERO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 90,000 shares of the company’s stock, valued at approximately $1,976,000.

Separately, Seven Grand Managers LLC acquired a new position in shares of Grupo Aeromexico during the 4th quarter worth about $3,294,000.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AERO. Zacks Research upgraded shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Barclays cut their target price on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. The Goldman Sachs Group upgraded shares of Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. Wall Street Zen upgraded shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a research note on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Grupo Aeromexico has an average rating of “Moderate Buy” and a consensus target price of $29.43.

Grupo Aeromexico Stock Down 2.8%

Grupo Aeromexico stock opened at $17.08 on Friday. The stock has a market cap of $2.33 billion and a P/E ratio of 20.83. Grupo Aeromexico has a twelve month low of $12.26 and a twelve month high of $23.05. The company’s 50-day moving average price is $15.15 and its two-hundred day moving average price is $17.71.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share 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%. Equities analysts anticipate that Grupo Aeromexico will post 1.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Grupo Aeromexico news, insider Aaron James Murray sold 600,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total value of $906,000.00. Following the transaction, the insider directly owned 1,968,130 shares of the company’s stock, valued at $2,971,876.30. This represents a 23.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.82% of the stock is currently owned by corporate insiders.

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.