Picton Mahoney Asset Management purchased a new stake in Azul SA (NYSE:AZUL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,200 shares of the company’s stock, valued at approximately $482,000.
Other hedge funds also recently made changes to their positions in the company. DnB Asset Management AS increased its stake in shares of Azul by 12.5% in the 4th quarter. DnB Asset Management AS now owns 26,100 shares of the company’s stock valued at $622,000 after acquiring an additional 2,900 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Azul in the 3rd quarter valued at about $2,709,000. Stifel Financial Corp increased its stake in shares of Azul by 22.6% in the 3rd quarter. Stifel Financial Corp now owns 127,812 shares of the company’s stock valued at $3,512,000 after acquiring an additional 23,558 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Azul in the 3rd quarter valued at about $4,458,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Azul in the 4th quarter valued at about $6,971,000. 4.59% of the stock is owned by institutional investors.
Shares of Azul SA (NYSE:AZUL) opened at $26.95 on Monday. Azul SA has a 52 week low of $19.43 and a 52 week high of $30.25. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 0.75.
Azul (NYSE:AZUL) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.30. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2 billion. During the same period last year, the company earned $0.04 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. equities research analysts anticipate that Azul SA will post 0.88 earnings per share for the current fiscal year.
A number of analysts recently issued reports on AZUL shares. Zacks Investment Research raised Azul from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Wednesday, November 22nd. Bank of America started coverage on Azul in a research note on Thursday, January 11th. They set a “buy” rating and a $24.78 target price for the company. Finally, BidaskClub cut Azul from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Azul presently has an average rating of “Buy” and an average target price of $30.56.
Azul Company 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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