Federated Investors Inc. PA decreased its holdings in shares of Azul SA (NYSE:AZUL) by 11.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,718,260 shares of the company’s stock after selling 367,890 shares during the quarter. Federated Investors Inc. PA’s holdings in Azul were worth $79,400,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AZUL. Zweig DiMenna Associates LLC boosted its position in shares of Azul by 2.2% during the 1st quarter. Zweig DiMenna Associates LLC now owns 1,456,219 shares of the company’s stock valued at $42,536,000 after acquiring an additional 30,693 shares during the last quarter. Norges Bank bought a new stake in Azul in the 4th quarter worth approximately $36,801,000. Dimensional Fund Advisors LP increased its stake in Azul by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 928,980 shares of the company’s stock worth $27,119,000 after purchasing an additional 41,826 shares during the period. Thornburg Investment Management Inc. increased its stake in Azul by 1.7% in the 4th quarter. Thornburg Investment Management Inc. now owns 786,481 shares of the company’s stock worth $21,778,000 after purchasing an additional 12,961 shares during the period. Finally, Candriam Luxembourg S.C.A. purchased a new position in Azul in the 4th quarter worth approximately $13,872,000. 6.87% of the stock is owned by institutional investors.

Shares of Azul stock opened at $30.78 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.65 and a current ratio of 0.69. The company has a market capitalization of $9.58 billion, a price-to-earnings ratio of 19.36 and a beta of -0.90. Azul SA has a one year low of $15.53 and a one year high of $34.09.

Azul (NYSE:AZUL) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.06. Azul had a return on equity of 15.84% and a net margin of 3.59%. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the firm earned $0.63 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities analysts expect that Azul SA will post 1.75 EPS for the current fiscal year.

A number of brokerages have commented on AZUL. Zacks Investment Research cut Azul from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Buckingham Research lifted their price target on Azul from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.02.

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About Azul

Azul SA provides passenger and cargo air transportation services in Brazil. As of March 31, 2018, it operated 739 daily flights to 106 destinations through a network of 206 non-stop routes with a fleet of 120 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.

Further Reading: Certificate of Deposit (CD)

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Institutional Ownership by Quarter for Azul (NYSE:AZUL)

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