80,936 Shares in LATAM Airlines Group S.A. $LTM Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL purchased a new stake in shares of LATAM Airlines Group S.A. (NYSE:LTM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 80,936 shares of the transportation company’s stock, valued at approximately $3,662,000.

Several other large investors have also recently modified their holdings of LTM. AQR Capital Management LLC bought a new stake in shares of LATAM Airlines Group in the 1st quarter valued at about $3,061,000. Goldman Sachs Group Inc. boosted its stake in shares of LATAM Airlines Group by 133.9% during the first quarter. Goldman Sachs Group Inc. now owns 40,258 shares of the transportation company’s stock valued at $1,259,000 after purchasing an additional 23,044 shares during the period. Rhumbline Advisers boosted its stake in shares of LATAM Airlines Group by 113.8% during the first 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. JPMorgan Chase & Co. grew its holdings in shares of LATAM Airlines Group by 4.2% in the second quarter. JPMorgan Chase & Co. now owns 298,026 shares of the transportation company’s stock worth $12,112,000 after purchasing an additional 11,929 shares during the last quarter. Finally, XTX Topco Ltd increased its stake in shares of LATAM Airlines Group by 223.7% in the second quarter. XTX Topco Ltd now owns 41,790 shares of the transportation company’s stock worth $1,698,000 after buying an additional 28,881 shares during the period.

Analyst Ratings Changes

A number of research firms recently commented on LTM. Zacks Research lowered shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. The Goldman Sachs Group set a $64.10 price objective on shares of LATAM Airlines Group and gave the company a “neutral” rating in a research report on Thursday, February 12th. Barclays lowered their price objective on shares of LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday. Morgan Stanley raised LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $61.00 to $60.00 in a research note on Thursday. Finally, Citigroup raised LATAM Airlines Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $53.00 to $58.00 in a research report on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.28.

LATAM Airlines Group Price Performance

Shares of LTM opened at $48.64 on Friday. The company has a 50-day simple moving average of $57.04 and a two-hundred day simple moving average of $51.45. The firm has a market capitalization of $14.70 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.37 and a beta of 3.89. LATAM Airlines Group S.A. has a one year low of $26.36 and a one year high of $70.42.

LATAM Airlines Group (NYSE:LTM) last announced its earnings results 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. LATAM Airlines Group had a return on equity of 136.61% and a net margin of 10.07%.The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.81 billion. Analysts expect that LATAM Airlines Group S.A. will post 3.37 EPS for the current fiscal year.

About LATAM Airlines Group

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.