California Public Employees Retirement System held its stake in shares of Avianca Holdings S.A. (NYSE:AVH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,500 shares of the transportation company’s stock at the close of the second quarter. California Public Employees Retirement System owned about 0.06% of Avianca Holdings worth $517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AVH. Renaissance Technologies LLC lifted its position in Avianca Holdings by 95.1% in the 1st quarter. Renaissance Technologies LLC now owns 598,848 shares of the transportation company’s stock valued at $4,617,000 after acquiring an additional 291,948 shares in the last quarter. Bank of America Corp DE lifted its position in Avianca Holdings by 33.7% in the 1st quarter. Bank of America Corp DE now owns 194,162 shares of the transportation company’s stock valued at $1,497,000 after acquiring an additional 48,887 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Avianca Holdings by 23.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 88,810 shares of the transportation company’s stock valued at $577,000 after acquiring an additional 17,008 shares in the last quarter. 4.24% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently weighed in on AVH. Deutsche Bank AG raised shares of Avianca Holdings from a “hold” rating to a “buy” rating and raised their price target for the company from $8.00 to $11.00 in a research report on Thursday, November 16th. Avian Securities raised shares of Avianca Holdings to a “buy” rating and raised their price target for the company from $8.00 to $11.00 in a research report on Thursday, November 16th. Zacks Investment Research cut shares of Avianca Holdings from a “buy” rating to a “strong sell” rating in a research report on Monday, November 6th. ValuEngine raised shares of Avianca Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 7th. Finally, BidaskClub raised shares of Avianca Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.17.

Avianca Holdings S.A. (AVH) opened at $7.70 on Wednesday. Avianca Holdings S.A. has a 1 year low of $6.37 and a 1 year high of $10.91. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.60 and a current ratio of 0.65. The company has a market cap of $632.72, a P/E ratio of 8.33 and a beta of 0.82.

The company also recently announced an annual dividend, which was paid on Monday, November 13th. Shareholders of record on Tuesday, October 24th were given a dividend of $0.1049 per share. The ex-dividend date was Monday, October 23rd. This represents a dividend yield of 1.35%. This is a boost from Avianca Holdings’s previous annual dividend of $0.09. Avianca Holdings’s dividend payout ratio (DPR) is currently 11.84%.

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Avianca Holdings Profile

Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.

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Institutional Ownership by Quarter for Avianca Holdings (NYSE:AVH)

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