Grupo Aeromexico’s Lock-Up Period Will End Tomorrow (NYSE:AERO)

Grupo Aeromexico’s (NYSE:AERO) lock-up period is set to end on Tuesday, May 5th. Grupo Aeromexico had issued 11,727,325 shares in its IPO on November 6th. The total size of the offering was $222,819,175 based on an initial share price of $19.00. After the end of Grupo Aeromexico’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings assumed coverage on shares of Grupo Aeromexico in a report on Tuesday, February 3rd. They issued a “hold (c)” rating for the company. Wall Street Zen cut shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Sunday. JPMorgan Chase & Co. dropped their target price on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Barclays dropped their target price on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Finally, The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.43.

Grupo Aeromexico Trading Up 0.4%

Shares of NYSE AERO opened at $14.98 on Monday. The firm has a 50 day simple moving average of $15.53. The company has a market cap of $2.04 billion and a price-to-earnings ratio of 18.27. Grupo Aeromexico has a 1 year low of $12.26 and a 1 year high of $23.05.

Grupo Aeromexico (NYSE:AERO) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $998.93. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. Analysts predict that Grupo Aeromexico will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. bought a new position in Grupo Aeromexico in the 4th quarter valued at approximately $220,000. Sandia Investment Management LP acquired a new stake in Grupo Aeromexico during the 4th quarter valued at approximately $220,000. Quarry LP acquired a new stake in Grupo Aeromexico during the 4th quarter valued at approximately $232,000. R Squared Ltd acquired a new stake in Grupo Aeromexico during the 1st quarter valued at approximately $163,000. Finally, VR Advisory Services Ltd acquired a new stake in Grupo Aeromexico during the 4th quarter valued at approximately $259,000.

Grupo Aeromexico Company Profile

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.