Avianca Holdings S.A. (AVH) Lowered to “Strong Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Avianca Holdings S.A. (NYSE:AVH) from a buy rating to a strong sell rating in a research note issued to investors on Monday, November 6th.

According to Zacks, “Avianca Holdings, S.A. owns and operates airlines. It offers passenger air transportation services and cargo air transportation services. The company provides its services in the domestic markets of Colombia, Ecuador, and Peru, as well as for international routes, such as North America, Central and South America, Europe, and the Caribbean. Avianca Holdings, S.A. is based in Panama. “

Several other equities research analysts have also commented on AVH. BidaskClub upgraded Avianca from a sell rating to a hold rating in a research note on Tuesday, August 22nd. ValuEngine upgraded Avianca from a buy rating to a strong-buy rating in a research note on Thursday, September 7th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $10.17.

Avianca (NYSE AVH) traded down $0.16 during trading hours on Monday, hitting $7.58. The stock had a trading volume of 39,818 shares, compared to its average volume of 98,255. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.65 and a quick ratio of 0.60. The stock has a market cap of $322.76, a price-to-earnings ratio of 8.43 and a beta of 0.82. Avianca has a 52-week low of $6.37 and a 52-week high of $10.91.

The firm also recently declared an annual dividend, which was paid on Monday, November 13th. Shareholders of record on Tuesday, October 24th were paid a $0.1049 dividend. This represents a yield of 1.35%. The ex-dividend date of this dividend was Monday, October 23rd. This is a positive change from Avianca’s previous annual dividend of $0.09. Avianca’s dividend payout ratio is presently 20.00%.

Hedge funds have recently modified their holdings of the business. OxFORD Asset Management LLP boosted its holdings in shares of Avianca by 11.9% during the 3rd quarter. OxFORD Asset Management LLP now owns 104,428 shares of the transportation company’s stock valued at $809,000 after purchasing an additional 11,133 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Avianca by 18.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 104,985 shares of the transportation company’s stock valued at $814,000 after purchasing an additional 16,175 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Avianca by 10.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 310,382 shares of the transportation company’s stock valued at $2,017,000 after purchasing an additional 30,039 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Avianca by 33.7% during the 1st quarter. Bank of America Corp DE now owns 194,162 shares of the transportation company’s stock valued at $1,497,000 after purchasing an additional 48,887 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Avianca by 95.1% during the 1st quarter. Renaissance Technologies LLC now owns 598,848 shares of the transportation company’s stock valued at $4,617,000 after purchasing an additional 291,948 shares during the last quarter. Institutional investors and hedge funds own 4.24% of the company’s stock.

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Avianca Company Profile

Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.

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