Ghisallo Capital Management LLC Has $38.02 Million Holdings in LATAM Airlines Group S.A. $LTM

Ghisallo Capital Management LLC increased its position in shares of LATAM Airlines Group S.A. (NYSE:LTM) by 1,020.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 840,193 shares of the transportation company’s stock after purchasing an additional 765,193 shares during the period. LATAM Airlines Group comprises about 1.2% of Ghisallo Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Ghisallo Capital Management LLC’s holdings in LATAM Airlines Group were worth $38,019,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in LATAM Airlines Group by 79.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 535,389 shares of the transportation company’s stock valued at $24,226,000 after buying an additional 237,363 shares during the period. Squarepoint Ops LLC acquired a new position in shares of LATAM Airlines Group in the 2nd quarter valued at $951,000. SPX Gestao de Recursos Ltda lifted its holdings in shares of LATAM Airlines Group by 3,884.5% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 935,321 shares of the transportation company’s stock worth $42,323,000 after acquiring an additional 911,847 shares during the period. Monashee Investment Management LLC lifted its holdings in shares of LATAM Airlines Group by 68.8% during the 3rd quarter. Monashee Investment Management LLC now owns 135,000 shares of the transportation company’s stock worth $6,109,000 after acquiring an additional 55,000 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of LATAM Airlines Group during the 2nd quarter valued at about $17,317,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $67.00 target price (up from $56.00) on shares of LATAM Airlines Group in a research note on Friday, February 20th. Barclays reaffirmed an “overweight” rating and set a $75.00 price objective (up from $60.00) on shares of LATAM Airlines Group in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Thursday, January 22nd. Zacks Research cut LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Wall Street Zen upgraded LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.70.

LATAM Airlines Group Stock Performance

LTM opened at $47.62 on Friday. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.32 and a beta of 3.89. The firm’s 50-day simple moving average is $58.53 and its 200-day simple moving average is $51.53. LATAM Airlines Group S.A. has a twelve month low of $26.36 and a twelve month high of $70.42.

LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings results on Tuesday, February 3rd. The transportation company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.34. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.81 billion. LATAM Airlines Group had a net margin of 10.07% and a return on equity of 136.61%. As a group, sell-side analysts anticipate 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.