Aaron James Murray Sells 355,600 Shares of Grupo Aeromexico (NYSE:AERO) Stock

Grupo Aeromexico (NYSE:AERO) insider Aaron James Murray sold 355,600 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $1.58, for a total value of $561,848.00. Following the transaction, the insider directly owned 1,262,530 shares of the company’s stock, valued at approximately $1,994,797.40. This trade represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Aaron James Murray also recently made the following trade(s):

• On Thursday, May 21st, Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock. The shares were sold at an average price of $1.56, for a total value of $546,000.00.
• On Wednesday, May 20th, Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock. The shares were sold at an average price of $1.51, for a total transaction of $906,000.00.

Grupo Aeromexico Trading Down 1.0%

Shares of Grupo Aeromexico stock opened at $15.69 on Friday. The company has a 50-day moving average of $16.45 and a two-hundred day moving average of $16.47. Grupo Aeromexico has a 12-month low of $12.26 and a 12-month high of $23.05. The stock has a market cap of $2.14 billion and a PE ratio of 37.36.

Grupo Aeromexico (NYSE:AERO) last announced its quarterly earnings results on Tuesday, July 14th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.03). Grupo Aeromexico had a negative return on equity of 25.10% and a net margin of 3.78%.The firm had revenue of $1.48 billion for the quarter. On average, sell-side analysts forecast that Grupo Aeromexico will post 1.05 EPS for the current fiscal year.

Institutional Trading of Grupo Aeromexico

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new position in Grupo Aeromexico in the first quarter valued at approximately $56,000. Federated Hermes Inc. acquired a new stake in shares of Grupo Aeromexico in the fourth quarter worth $220,000. Sandia Investment Management LP purchased a new position in Grupo Aeromexico in the fourth quarter valued at about $220,000. Quarry LP acquired a new position in shares of Grupo Aeromexico during the fourth quarter worth about $232,000. Finally, R Squared Ltd purchased a new stake in shares of Grupo Aeromexico in the first quarter worth about $163,000.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Zacks Research raised shares of Grupo Aeromexico from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a report on Friday, June 12th. Wall Street Zen downgraded Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings cut Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Finally, Jefferies Financial Group initiated coverage on shares of Grupo Aeromexico in a report on Thursday, June 18th. They issued a “hold” rating and a $20.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $28.06.

Grupo Aeromexico Company 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.