Zacks Investment Research cut shares of Avianca (NYSE:AVH) from a hold rating to a sell rating in a research note published on Friday morning, Zacks.com reports.

According to Zacks, “Avianca Holdings, S.A. owns and operates airlines. It offers passenger air transportation services and cargo air transportation services. The company provides its services in the domestic markets of Colombia, Ecuador, and Peru, as well as for international routes, such as North America, Central and South America, Europe, and the Caribbean. Avianca Holdings, S.A. is based in Panama. “

Separately, ValuEngine downgraded shares of Avianca from a hold rating to a sell rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. Avianca presently has an average rating of Hold and a consensus price target of $5.88.

NYSE:AVH opened at $3.46 on Friday. The company has a debt-to-equity ratio of 11.26, a quick ratio of 0.44 and a current ratio of 0.48. Avianca has a 52 week low of $2.88 and a 52 week high of $7.76. The firm has a market capitalization of $301.49 million, a PE ratio of 3.80 and a beta of 0.88.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.0387 per share. This represents a $0.15 annualized dividend and a dividend yield of 4.48%. The ex-dividend date was Wednesday, May 22nd. Avianca’s dividend payout ratio (DPR) is presently 29.67%.

Several hedge funds have recently bought and sold shares of AVH. Two Sigma Advisers LP purchased a new position in shares of Avianca during the fourth quarter worth approximately $56,000. Two Sigma Investments LP purchased a new position in shares of Avianca during the fourth quarter worth approximately $63,000. D. E. Shaw & Co. Inc. raised its stake in shares of Avianca by 231.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 35,313 shares of the transportation company’s stock worth $143,000 after acquiring an additional 24,664 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Avianca by 10.5% during the first quarter. Envestnet Asset Management Inc. now owns 59,598 shares of the transportation company’s stock worth $244,000 after acquiring an additional 5,675 shares in the last quarter. Finally, RWC Asset Advisors US LLC purchased a new position in shares of Avianca during the fourth quarter worth approximately $1,509,000. 5.89% of the stock is currently owned by hedge funds and other institutional investors.

About Avianca

Avianca Holdings SA, through its subsidiaries, provides passenger and cargo air transportation services in North America, Central America, the Caribbean, Colombia, Europe, South America, and internationally. It also offers aircraft maintenance, crew training, and other airport services to other carriers, as well as travel and cargo related services to its customers.

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