DnB Asset Management AS Has $622,000 Stake in Azul SA (AZUL)
DnB Asset Management AS increased its position in Azul SA (NYSE:AZUL) by 12.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,100 shares of the company’s stock after purchasing an additional 2,900 shares during the quarter. DnB Asset Management AS’s holdings in Azul were worth $622,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of Azul in the third quarter valued at $2,709,000. Stifel Financial Corp boosted its stake in Azul by 22.6% during the 3rd quarter. Stifel Financial Corp now owns 127,812 shares of the company’s stock valued at $3,512,000 after acquiring an additional 23,558 shares during the last quarter. Jane Street Group LLC bought a new position in Azul during the 3rd quarter valued at $4,458,000. Bienville Capital Management LLC boosted its stake in Azul by 142.1% during the 3rd quarter. Bienville Capital Management LLC now owns 258,031 shares of the company’s stock valued at $7,083,000 after acquiring an additional 151,442 shares during the last quarter. Finally, ThornTree Capital Partners LP bought a new position in Azul during the 3rd quarter valued at $13,094,000. Institutional investors and hedge funds own 4.63% of the company’s stock.
Azul SA (NYSE:AZUL) opened at $25.47 on Wednesday. Azul SA has a 52 week low of $19.43 and a 52 week high of $29.43. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.70 and a quick ratio of 0.66.
Azul (NYSE:AZUL) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.30. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the company earned $0.04 earnings per share. The company’s revenue was up 15.1% compared to the same quarter last year. analysts expect that Azul SA will post 0.88 earnings per share for the current year.
A number of research analysts have commented on the stock. Bank of America assumed coverage on shares of Azul in a research note on Thursday, January 11th. They set a “buy” rating and a $24.78 price objective on the stock. Zacks Investment Research downgraded shares of Azul from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. BidaskClub downgraded shares of Azul from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, Buckingham Research reiterated a “buy” rating and set a $35.00 price objective (up from $33.00) on shares of Azul in a research note on Monday, September 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Azul has an average rating of “Buy” and an average target price of $30.56.
Azul SA is a Brazil-based company engaged in the provision of passenger transportation services. The Company primarily acts as an airline operator under the Azul brand name. The Company provides scheduled flights between numerous cities in Brazil, including Sao Paulo, Brasilia, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Manaus, Cuiaba, Fortaleza and Salvador, among others.
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