Laurion Capital Management LP Buys Shares of 76,167 Azul SA (AZUL)
Laurion Capital Management LP bought a new stake in shares of Azul SA (NASDAQ:AZUL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 76,167 shares of the company’s stock, valued at approximately $1,606,000. Laurion Capital Management LP owned 0.09% of Azul SA at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. BlueMountain Capital Management LLC acquired a new position in Azul SA during the 2nd quarter valued at about $21,423,000. Nationwide Fund Advisors acquired a new position in Azul SA during the 2nd quarter valued at about $1,207,000. Standard Life Investments LTD acquired a new position in Azul SA during the 2nd quarter valued at about $18,916,000. Franklin Resources Inc. acquired a new position in Azul SA during the 2nd quarter valued at about $16,606,000. Finally, Bienville Capital Management LLC acquired a new position in Azul SA during the 2nd quarter valued at about $2,247,000.
Shares of Azul SA (AZUL) opened at 28.89 on Friday. The company has a 50 day moving average of $26.04 and a 200-day moving average of $23.85. Azul SA has a 12 month low of $19.43 and a 12 month high of $29.43. The firm has a market capitalization of $3.18 billion and a P/E ratio of 102.45.
Azul SA (NASDAQ:AZUL) last released its quarterly earnings results on Monday, August 14th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.11). The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.75 billion. Azul SA had a negative return on equity of 8.12% and a negative net margin of 1.97%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. Analysts predict that Azul SA will post $0.43 EPS for the current year.
AZUL has been the topic of a number of research reports. Buckingham Research upped their target price on shares of Azul SA from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of Azul SA from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Monday, July 10th. Five analysts have rated the stock with a buy rating, Azul SA has an average rating of “Buy” and an average target price of $31.75.
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Azul SA Profile
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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