LATAM Airlines Group S.A. $LTM is Navi International Administradora e Gestora de Recursos Financeiros Ltda.’s 3rd Largest Position

Navi International Administradora e Gestora de Recursos Financeiros Ltda. lifted its position in shares of LATAM Airlines Group S.A. (NYSE:LTM) by 1,478.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 326,007 shares of the transportation company’s stock after purchasing an additional 305,355 shares during the period. LATAM Airlines Group accounts for about 13.1% of Navi International Administradora e Gestora de Recursos Financeiros Ltda.’s holdings, making the stock its 3rd biggest position. Navi International Administradora e Gestora de Recursos Financeiros Ltda.’s holdings in LATAM Airlines Group were worth $18,996,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS Group AG lifted its position in shares of LATAM Airlines Group by 8.1% during the 4th quarter. UBS Group AG now owns 610,678 shares of the transportation company’s stock worth $32,983,000 after buying an additional 45,607 shares in the last quarter. SPX Gestao de Recursos Ltda increased its position in shares of LATAM Airlines Group by 168.5% during the first quarter. SPX Gestao de Recursos Ltda now owns 881,976 shares of the transportation company’s stock valued at $43,605,000 after acquiring an additional 553,513 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in LATAM Airlines Group by 184.9% during the first quarter. Renaissance Technologies LLC now owns 1,267,200 shares of the transportation company’s stock worth $62,650,000 after acquiring an additional 822,400 shares during the period. Bank of New York Mellon Corp purchased a new position in LATAM Airlines Group in the first quarter worth $746,000. Finally, Bank of America Corp DE grew its stake in LATAM Airlines Group by 641.9% in the 1st quarter. Bank of America Corp DE now owns 346,402 shares of the transportation company’s stock valued at $17,126,000 after purchasing an additional 299,710 shares during the period.

LATAM Airlines Group Price Performance

Shares of LTM stock opened at $52.49 on Friday. The stock has a market capitalization of $15.07 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 1.37 and a beta of 3.64. The company’s fifty day simple moving average is $53.50 and its two-hundred day simple moving average is $52.27. LATAM Airlines Group S.A. has a 1 year low of $41.41 and a 1 year high of $70.42.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.06 billion. LATAM Airlines Group had a return on equity of 101.21% and a net margin of 9.69%. Equities research analysts anticipate that LATAM Airlines Group S.A. will post 4.52 EPS for the current year.

Analysts Set New Price Targets

LTM has been the topic of a number of recent analyst reports. Wall Street Zen cut LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. started coverage on shares of LATAM Airlines Group in a research note on Wednesday, June 3rd. They issued an “overweight” rating and a $70.00 target price on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $72.60 target price on shares of LATAM Airlines Group in a research report on Tuesday, May 12th. Jefferies Financial Group began coverage on shares of LATAM Airlines Group in a research note on Thursday, June 18th. They set a “buy” rating and a $70.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Friday, July 17th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, LATAM Airlines Group presently has a consensus rating of “Moderate Buy” and an average target price of $66.27.

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.