Trexquant Investment LP Takes $451,000 Position in LATAM Airlines Group (LTM)

Trexquant Investment LP acquired a new position in shares of LATAM Airlines Group (NYSE:LTM) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 29,274 shares of the transportation company’s stock, valued at approximately $451,000.

Several other hedge funds and other institutional investors have also modified their holdings of LTM. Itau Unibanco Holding S.A. acquired a new stake in LATAM Airlines Group in the fourth quarter worth approximately $10,528,000. Macquarie Group Ltd. acquired a new stake in LATAM Airlines Group in the fourth quarter worth approximately $4,091,000. Comerica Bank acquired a new stake in LATAM Airlines Group in the fourth quarter worth approximately $546,000. KBC Group NV acquired a new stake in LATAM Airlines Group in the fourth quarter worth approximately $798,000. Finally, Millennium Management LLC acquired a new stake in LATAM Airlines Group in the fourth quarter worth approximately $3,191,000. Institutional investors and hedge funds own 3.18% of the company’s stock.

A number of research firms have weighed in on LTM. ValuEngine downgraded LATAM Airlines Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Zacks Investment Research downgraded LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. JPMorgan Chase downgraded LATAM Airlines Group from a “neutral” rating to an “underweight” rating and set a $17.00 target price for the company. in a research report on Monday, March 19th. Finally, Citigroup downgraded LATAM Airlines Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. LATAM Airlines Group has a consensus rating of “Hold” and a consensus target price of $16.50.

NYSE LTM opened at $13.04 on Tuesday. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 50.15 and a beta of 1.77. LATAM Airlines Group has a 1 year low of $10.80 and a 1 year high of $17.39.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings results on Wednesday, March 14th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.11). The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.72 billion. LATAM Airlines Group had a net margin of 2.05% and a return on equity of 4.74%. equities research analysts forecast that LATAM Airlines Group will post 0.61 EPS for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be issued a $0.034 dividend. The ex-dividend date is Thursday, May 10th. This represents a dividend yield of 0.26%. This is a boost from LATAM Airlines Group’s previous annual dividend of $0.02. LATAM Airlines Group’s dividend payout ratio is currently 11.54%.

LATAM Airlines Group Profile

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in the Americas, Europe, and Oceania. The company operates in two segments, Air Transportation; and Coalition and Loyalty Program Multiplus. It provides passenger transport services to approximately 137 destinations in 24 countries and cargo services to approximately 144 destinations in 29 countries with a fleet of 307 aircraft.

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

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