LATAM Airlines Group (NYSE:LTM) Shares Gap Up – Should You Buy?

LATAM Airlines Group S.A. (NYSE:LTM) shares gapped up before the market opened on Monday . The stock had previously closed at $44.47, but opened at $46.74. LATAM Airlines Group shares last traded at $45.9350, with a volume of 674,087 shares.

Analysts Set New Price Targets

Several equities analysts have recently commented on LTM shares. Zacks Research lowered LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen lowered shares of LATAM Airlines Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Barclays set a $60.00 price objective on shares of LATAM Airlines Group and gave the company an “overweight” rating in a report on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $60.00.

LATAM Airlines Group Price Performance

The stock has a market capitalization of $13.87 billion, a PE ratio of 11.80, a P/E/G ratio of 0.43 and a beta of 3.61. The stock’s fifty day moving average is $44.96 and its 200-day moving average is $42.57.

Hedge Funds Weigh In On LATAM Airlines Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Advisors Preferred LLC acquired a new position in LATAM Airlines Group in the 1st quarter worth about $761,000. XTX Topco Ltd purchased a new stake in shares of LATAM Airlines Group in the first quarter valued at approximately $404,000. Liontrust Investment Partners LLP acquired a new position in shares of LATAM Airlines Group during the 1st quarter worth approximately $182,000. Cubist Systematic Strategies LLC raised its stake in shares of LATAM Airlines Group by 1,028.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 139,478 shares of the transportation company’s stock worth $4,363,000 after buying an additional 127,123 shares during the period. Finally, Scoggin Management LP lifted its position in shares of LATAM Airlines Group by 25.0% during the 1st quarter. Scoggin Management LP now owns 125,000 shares of the transportation company’s stock valued at $3,910,000 after buying an additional 25,000 shares in the last quarter.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Europe, Colombia, Brazil, Ecuador, Chile, the Asia Pacific, and rest of Latin America. The company operates in two segments, Air Transportation; and Multiplus Coalition and Loyalty Program.