Bank of America Corp DE decreased its stake in LATAM Airlines Group SA (NYSE:LFL) by 21.5% during the first quarter, Holdings Channel reports. The fund owned 98,900 shares of the company’s stock after selling 27,082 shares during the period. Bank of America Corp DE’s holdings in LATAM Airlines Group SA were worth $1,253,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its position in LATAM Airlines Group SA by 2.1% in the first quarter. Capstone Asset Management Co. now owns 42,165 shares of the company’s stock valued at $534,000 after buying an additional 880 shares during the last quarter. Profund Advisors LLC raised its stake in LATAM Airlines Group SA by 102.6% in the first quarter. Profund Advisors LLC now owns 58,050 shares of the company’s stock worth $735,000 after buying an additional 29,400 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in LATAM Airlines Group SA by 162.7% in the first quarter. Daiwa Securities Group Inc. now owns 13,400 shares of the company’s stock worth $170,000 after buying an additional 8,300 shares during the last quarter. Dorsey Wright & Associates raised its stake in LATAM Airlines Group SA by 38.0% in the first quarter. Dorsey Wright & Associates now owns 180,714 shares of the company’s stock worth $2,289,000 after buying an additional 49,753 shares during the last quarter. Finally, Comerica Bank raised its stake in LATAM Airlines Group SA by 1.3% in the first quarter. Comerica Bank now owns 31,279 shares of the company’s stock worth $398,000 after buying an additional 406 shares during the last quarter.

LATAM Airlines Group SA (NYSE:LFL) traded up 1.63% during midday trading on Friday, reaching $12.47. The company had a trading volume of 431,992 shares. The company’s 50 day moving average is $12.93 and its 200-day moving average is $10.31. LATAM Airlines Group SA has a 52-week low of $5.81 and a 52-week high of $13.72.

ILLEGAL ACTIVITY WARNING: “LATAM Airlines Group SA (LFL) Stake Reduced by Bank of America Corp DE” was reported by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://www.watchlistnews.com/latam-airlines-group-sa-lfl-stake-reduced-by-bank-of-america-corp-de/1503918.html.

LATAM Airlines Group SA Company Profile

LATAM Airlines Group SA is a Chile-based company, which is engaged in passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. These businesses are performed directly or through its subsidiaries in different countries.

Want to see what other hedge funds are holding LFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LATAM Airlines Group SA (NYSE:LFL).

Institutional Ownership by Quarter for LATAM Airlines Group SA (NYSE:LFL)

Receive News & Ratings for LATAM Airlines Group SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LATAM Airlines Group SA and related companies with Analyst Ratings Network's FREE daily email newsletter.