Azul (NYSE:AZUL) Trading Down 6.6%

Azul S.A. (NYSE:AZULGet Rating)’s stock price traded down 6.6% on Tuesday . The stock traded as low as $7.06 and last traded at $7.06. 112,037 shares were traded during mid-day trading, a decline of 96% from the average session volume of 2,533,013 shares. The stock had previously closed at $7.56.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group boosted their target price on shares of Azul from $9.90 to $11.10 and gave the company a “neutral” rating in a report on Monday, August 22nd.

Azul Stock Performance

The business’s 50 day moving average price is $8.92 and its 200-day moving average price is $9.08. The firm has a market capitalization of $2.98 billion, a PE ratio of -2.22 and a beta of 1.20.

Azul (NYSE:AZULGet Rating) last announced its earnings results on Thursday, November 10th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.68) by ($0.04). The company had revenue of $835.58 million for the quarter, compared to analysts’ expectations of $849.01 million. As a group, analysts anticipate that Azul S.A. will post -2.78 earnings per share for the current year.

Institutional Investors Weigh In On Azul

Several large investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. increased its position in shares of Azul by 83.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,630 shares of the company’s stock valued at $151,000 after purchasing an additional 1,200 shares during the last quarter. UBS Group AG increased its position in shares of Azul by 930.7% in the 2nd quarter. UBS Group AG now owns 3,628 shares of the company’s stock valued at $26,000 after purchasing an additional 3,276 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Azul by 140.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,190 shares of the company’s stock valued at $34,000 after purchasing an additional 2,447 shares during the last quarter. Signaturefd LLC increased its position in shares of Azul by 231.0% in the 3rd quarter. Signaturefd LLC now owns 4,677 shares of the company’s stock valued at $38,000 after purchasing an additional 3,264 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of Azul by 74.0% in the 1st quarter. Penserra Capital Management LLC now owns 8,827 shares of the company’s stock valued at $132,000 after purchasing an additional 3,753 shares during the last quarter. 2.08% of the stock is owned by hedge funds and other institutional investors.

Azul Company Profile

(Get Rating)

Azul SA, together with its subsidiaries, provides passenger and cargo transportation services in Brazil. As of December 31, 2021, the company operated 850 daily departures to 125 destinations through a network of 259 non-stop routes with a fleet of 179 aircraft. It is also involved in the loyalty programs, travel packages, investment fund, logistics solutions, and aircraft financing activities.

Further Reading

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