Banco BTG Pactual S.A. Has $8.38 Million Stock Holdings in LATAM Airlines Group S.A. $LTM

Banco BTG Pactual S.A. boosted its position in LATAM Airlines Group S.A. (NYSE:LTM) by 417.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 155,200 shares of the transportation company’s stock after purchasing an additional 125,200 shares during the quarter. LATAM Airlines Group comprises approximately 1.4% of Banco BTG Pactual S.A.’s portfolio, making the stock its 18th largest holding. Banco BTG Pactual S.A.’s holdings in LATAM Airlines Group were worth $8,382,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of LATAM Airlines Group by 79.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 535,389 shares of the transportation company’s stock worth $24,226,000 after purchasing an additional 237,363 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of LATAM Airlines Group during the 3rd quarter worth approximately $2,262,000. Pictet Asset Management Holding SA acquired a new position in shares of LATAM Airlines Group during the 4th quarter worth approximately $5,822,000. Element Capital Management LLC acquired a new position in shares of LATAM Airlines Group during the 3rd quarter worth approximately $1,288,000. Finally, Monashee Investment Management LLC increased its position 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 purchasing an additional 55,000 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen upgraded LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $72.60 target price on shares of LATAM Airlines Group in a research note on Tuesday, May 12th. Morgan Stanley upgraded LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $61.00 to $60.00 in a research note on Thursday, March 26th. Zacks Research upgraded LATAM Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Barclays reduced their price target on LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, LATAM Airlines Group presently has an average rating of “Moderate Buy” and an average target price of $65.52.

LATAM Airlines Group Price Performance

LTM opened at $51.57 on Friday. The business has a fifty day simple moving average of $50.43 and a 200 day simple moving average of $53.45. The company has a market capitalization of $14.81 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 1.34 and a beta of 3.62. LATAM Airlines Group S.A. has a 1 year low of $36.64 and a 1 year high of $70.42.

LATAM Airlines Group (NYSE:LTM) last released its quarterly earnings results on Wednesday, May 6th. The transportation company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.66. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.96 billion. LATAM Airlines Group had a return on equity of 127.75% and a net margin of 11.03%. Equities analysts anticipate that LATAM Airlines Group S.A. will post 4.22 earnings per share for the current fiscal year.

LATAM Airlines Group Company 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.