Vanguard Group Inc decreased its stake in shares of LATAM Airlines Group SA (NYSE:LTM) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 598,496 shares of the transportation company’s stock after selling 35,980 shares during the period. Vanguard Group Inc’s holdings in LATAM Airlines Group were worth $5,626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Banco Santander S.A. acquired a new position in LATAM Airlines Group during the 3rd quarter valued at about $5,666,000. SG Americas Securities LLC bought a new stake in shares of LATAM Airlines Group in the 3rd quarter valued at about $4,514,000. Citadel Advisors LLC bought a new stake in shares of LATAM Airlines Group in the 3rd quarter valued at about $822,000. Dimensional Fund Advisors LP increased its stake in shares of LATAM Airlines Group by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,906,802 shares of the transportation company’s stock valued at $36,759,000 after acquiring an additional 51,956 shares during the last quarter. Finally, Aperio Group LLC increased its stake in shares of LATAM Airlines Group by 40.7% in the 3rd quarter. Aperio Group LLC now owns 150,712 shares of the transportation company’s stock valued at $1,417,000 after acquiring an additional 43,565 shares during the last quarter. Institutional investors and hedge funds own 2.27% of the company’s stock.

NYSE LTM traded down $0.06 during trading hours on Monday, reaching $11.55. 15,759 shares of the company’s stock were exchanged, compared to its average volume of 396,232. LATAM Airlines Group SA has a one year low of $8.41 and a one year high of $17.01. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 44.42, a PEG ratio of 0.46 and a beta of 1.41.

LATAM Airlines Group (NYSE:LTM) last posted its earnings results on Wednesday, November 21st. The transportation company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. LATAM Airlines Group had a return on equity of 3.00% and a net margin of 1.20%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Analysts anticipate that LATAM Airlines Group SA will post 0.27 EPS for the current fiscal year.

A number of analysts have recently commented on LTM shares. ValuEngine raised LATAM Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 5th. UBS Group raised LATAM Airlines Group from a “sell” rating to a “buy” rating in a research note on Thursday, January 17th. Zacks Investment Research raised LATAM Airlines Group from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, January 23rd. Citigroup raised LATAM Airlines Group from a “sell” rating to a “neutral” rating and set a $11.00 target price for the company in a research note on Monday, November 26th. Finally, Bank of America cut LATAM Airlines Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. LATAM Airlines Group has an average rating of “Hold” and a consensus price target of $13.25.

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About LATAM Airlines Group

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

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

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