Aaron James Murray Sells 355,600 Shares of Grupo Aeromexico (NYSE:AERO) Stock

Grupo Aeromexico (NYSE:AERO) insider Aaron James Murray sold 355,600 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $1.58, for a total value of $561,848.00. Following the completion of the transaction, the insider directly owned 1,262,530 shares in the company, valued at $1,994,797.40. This trade represents a 21.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Aaron James Murray also recently made the following trade(s):

• On Thursday, May 21st, Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock. The shares were sold at an average price of $1.56, for a total value of $546,000.00.
• On Wednesday, May 20th, Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock. The stock was sold at an average price of $1.51, for a total value of $906,000.00.

Grupo Aeromexico Stock Down 1.6%

AERO traded down $0.25 on Friday, reaching $15.60. The company’s stock had a trading volume of 134,354 shares, compared to its average volume of 357,816. The company has a market capitalization of $2.13 billion and a price-to-earnings ratio of 37.25. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05. The stock has a 50 day moving average of $16.46 and a two-hundred day moving average of $16.47.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings data on Tuesday, July 14th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The company had revenue of $1.48 billion for the quarter. Grupo Aeromexico had a negative return on equity of 25.10% and a net margin of 3.78%. As a group, analysts anticipate that Grupo Aeromexico will post 1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeromexico

A number of institutional investors have recently added to or reduced their stakes in the business. Par Capital Management Inc. acquired a new position in Grupo Aeromexico during the 4th quarter worth approximately $304,155,000. Silver Point Capital L.P. purchased a new stake in shares of Grupo Aeromexico in the fourth quarter valued at approximately $289,274,000. Strategic Value Partners LLC purchased a new position in Grupo Aeromexico in the fourth quarter worth $208,318,000. Nut Tree Capital Management LP acquired a new stake in Grupo Aeromexico in the fourth quarter valued at $130,652,000. Finally, Baupost Group LLC MA purchased a new stake in shares of Grupo Aeromexico during the 4th quarter worth $106,620,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AERO shares. JPMorgan Chase & Co. reduced their target price on Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating for the company in a report on Friday, June 12th. Weiss Ratings lowered Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Jefferies Financial Group began coverage on Grupo Aeromexico in a research note on Thursday, June 18th. They issued a “hold” rating and a $20.00 price objective for the company. Zacks Research raised Grupo Aeromexico from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Wall Street Zen lowered shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Grupo Aeromexico has an average rating of “Moderate Buy” and a consensus target price of $28.06.

About Grupo Aeromexico

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.