Verde Servicos Internacionais S.A. Takes $679,000 Position in LATAM Airlines Group S.A. $LTM

Verde Servicos Internacionais S.A. acquired a new stake in LATAM Airlines Group S.A. (NYSE:LTM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 15,000 shares of the transportation company’s stock, valued at approximately $679,000. LATAM Airlines Group comprises 0.2% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 27th largest holding.

Several other hedge funds have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its holdings in LATAM Airlines Group by 761.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the transportation company’s stock valued at $88,000 after buying an additional 1,918 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of LATAM Airlines Group during the 2nd quarter valued at about $90,000. Rhumbline Advisers raised its stake in shares of LATAM Airlines Group by 113.8% in the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 1,700 shares in the last quarter. Blue Trust Inc. lifted its holdings in LATAM Airlines Group by 58.4% in the 2nd quarter. Blue Trust Inc. now owns 3,087 shares of the transportation company’s stock worth $125,000 after purchasing an additional 1,138 shares during the last quarter. Finally, CWM LLC lifted its holdings in LATAM Airlines Group by 2,004.2% in the 3rd quarter. CWM LLC now owns 3,493 shares of the transportation company’s stock worth $158,000 after purchasing an additional 3,327 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LTM shares. Zacks Research raised shares of LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Wall Street Zen upgraded shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Barclays reissued an “overweight” rating and set a $75.00 target price (up previously from $60.00) on shares of LATAM Airlines Group in a research report on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $58.50 price target on shares of LATAM Airlines Group in a research report on Friday, December 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, LATAM Airlines Group currently has an average rating of “Buy” and a consensus price target of $66.75.

LATAM Airlines Group Price Performance

NYSE:LTM opened at $61.44 on Thursday. LATAM Airlines Group S.A. has a one year low of $26.36 and a one year high of $70.42. The company has a fifty day moving average price of $57.97 and a 200 day moving average price of $49.97. The stock has a market cap of $18.57 billion, a P/E ratio of 12.34, a PEG ratio of 0.41 and a beta of 3.89.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings data on Tuesday, February 3rd. The transportation company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.34. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.81 billion. LATAM Airlines Group had a net margin of 10.07% and a return on equity of 136.61%. As a group, equities research analysts anticipate that LATAM Airlines Group S.A. will post 3.37 EPS for the current year.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.