Insider Selling: Grupo Aeromexico (NYSE:AERO) Insider Sells 600,000 Shares of Stock

Grupo Aeromexico (NYSE:AERO) insider Aaron James Murray sold 600,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total value of $906,000.00. Following the transaction, the insider directly owned 1,968,130 shares of the company’s stock, valued at approximately $2,971,876.30. The trade was a 23.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Aaron James Murray also recently made the following trade(s):

• On Thursday, May 21st, Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock. The stock was sold at an average price of $1.56, for a total value of $546,000.00.

Grupo Aeromexico Stock Up 0.5%

Shares of AERO traded up $0.08 during trading hours on Friday, hitting $16.06. 211,257 shares of the company were exchanged, compared to its average volume of 268,358. The business’s fifty day moving average is $14.85. Grupo Aeromexico has a one year low of $12.26 and a one year high of $23.05.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. The business had revenue of $1.34 billion during the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%. On average, equities research analysts anticipate that Grupo Aeromexico will post 1.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AERO shares. Wall Street Zen raised Grupo Aeromexico from a “hold” rating to a “buy” rating in a research note on Monday, May 11th. Barclays reduced their price objective on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Weiss Ratings lowered Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. reduced their target price on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Finally, Zacks Research lowered Grupo Aeromexico from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.43.

Institutional Trading of Grupo Aeromexico

A number of hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Grupo Aeromexico in the first quarter valued at $56,000. Federated Hermes Inc. purchased a new stake in shares of Grupo Aeromexico in the fourth quarter valued at $220,000. Sandia Investment Management LP purchased a new stake in shares of Grupo Aeromexico in the fourth quarter valued at $220,000. Quarry LP purchased a new stake in shares of Grupo Aeromexico in the fourth quarter valued at $232,000. Finally, R Squared Ltd purchased a new stake in shares of Grupo Aeromexico in the first quarter valued at $163,000.

Grupo Aeromexico Company Profile

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.