180,000 Shares in LATAM Airlines Group S.A. $LTM Purchased by Wealth High Governance Capital Ltda

Wealth High Governance Capital Ltda acquired a new stake in shares of LATAM Airlines Group S.A. (NYSE:LTM) in the third quarter, HoldingsChannel reports. The fund acquired 180,000 shares of the transportation company’s stock, valued at approximately $8,145,000. LATAM Airlines Group accounts for approximately 2.3% of Wealth High Governance Capital Ltda’s holdings, making the stock its 17th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership raised its position in shares of LATAM Airlines Group by 248.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,484,669 shares of the transportation company’s stock valued at $67,181,000 after purchasing an additional 1,058,554 shares in the last quarter. Vanguard Group Inc. grew its position in shares of LATAM Airlines Group by 266.7% during the third quarter. Vanguard Group Inc. now owns 1,039,414 shares of the transportation company’s stock worth $47,033,000 after buying an additional 755,997 shares in the last quarter. SPX Gestao de Recursos Ltda grew its position in shares of LATAM Airlines Group by 3,884.5% during the third quarter. SPX Gestao de Recursos Ltda now owns 935,321 shares of the transportation company’s stock worth $42,323,000 after buying an additional 911,847 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of LATAM Airlines Group by 90.7% in the third quarter. BNP Paribas Financial Markets now owns 633,121 shares of the transportation company’s stock worth $28,649,000 after buying an additional 301,162 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of LATAM Airlines Group by 637.5% in the third quarter. UBS Group AG now owns 565,071 shares of the transportation company’s stock worth $25,569,000 after buying an additional 488,450 shares during the last quarter.

LATAM Airlines Group Trading Up 1.3%

LATAM Airlines Group stock traded up $0.63 during mid-day trading on Friday, reaching $47.68. The company’s stock had a trading volume of 259,222 shares, compared to its average volume of 1,557,188. LATAM Airlines Group S.A. has a twelve month low of $26.36 and a twelve month high of $70.42. The business has a 50 day moving average price of $58.67 and a 200-day moving average price of $51.53. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 0.34 and a beta of 3.89.

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

Analyst Ratings Changes

A number of research firms have commented on LTM. Weiss Ratings reiterated a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Thursday, January 22nd. Zacks Research downgraded shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group set a $64.10 target price on shares of LATAM Airlines Group and gave the company a “neutral” rating in a research note on Thursday, February 12th. Barclays reaffirmed an “overweight” rating and set a $75.00 price target (up from $60.00) on shares of LATAM Airlines Group in a research report on Thursday, February 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $67.00 price target (up from $56.00) on shares of LATAM Airlines Group in a research note on Friday, February 20th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $68.70.

LATAM Airlines Group 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.